As per the Income Tax Act the Coal company is liable to collect TCS on its sales.
But does it have to do if it is exporting the coal??(if it has to, could anyone gove me the section under which it is mentioned)
Menu
Tcs on export sales
Replies (3)
No, the provisions of TDS or TCS are applicable in case of a Non Residents, only if thheir income is taxable in India. Hence if, foreign entity to which coal is sold, is not subject to Indian Income Tax, then TCS is not applicable.
Dear Saurabh Nene,
Can you please give a supporting case law for the same
CAN YOU GIVE ME DETAILS WHETHER SALES MADE TO FOREIGN PARTY ARE ATTARCTING TCS ?
WHAT ARE THE CONDITIONS IN THIS REGARD TO AVAIL EXEMPTION FROM TCS?
Recent Topics :
- Revising salary on 24Q Q4 FY 25-26
- LTCG: Home Loan Principal Repayment?
- Ims action relationship query
- GIFT REGARDING
- TDS on salary to non resident managing director
- Ewaybill and Transport documents (Lorry receipt)
- LTCG on sale of Builder Buyer Agreement
- Rule 13(2)(h) and valuation of CCDs
- Leave encashment, New labour code, Management cadr
- GST clarification needed:
Related Topics :
CAclubindia
