TCS on sale of scrap

Scrap is defined in IT Act as,

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

So, if the scrap is generated during manufacture or mechanical process, then TCS @ 1% is applicable.

If the scrap is generated because of any other activities like, household chores then TCS is not applicable.

Scrap is defined in IT Act as,

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

So, if the scrap is generated during manufacture or mechanical process, then TCS @ 1% is applicable.

If the scrap is generated because of any other activities like, household chores then TCS is not applicable.