Assesse has sold used computers during FY 2014-15, amounting to Rs. 24,000/-, whether he would be applicable to deduct TDS under the provisions of IT Act
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Tcs on old computers
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Dear Sir
If computers are sold as Scrap under sectio 206C(b) of Income tax act 1961 than you have to collect TCS amount 1% from Buyer of computer and deposit the same to Govt. on or before due date of Payment.
Meaning of Scrap:- scrap" means waste and scrap from the manufacture or mechanical working of materials which is definitely not usable as such because of breakage, cutting up, wear and other reasons;
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