TCS on scrap

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Dear All, We used to make scrape invoice appr for 1 lakh in a year in various dates. Whether we have to add TCS on this? If TCS added after that we have to file TCS return like TDS qutrly return an .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ything ? Any exemption limit for TCS transactions? Pl clarify thanks in advance Venkat - Reply By Ganeshan Kalyani - The Reply = Please refer Section : Section 206C : Profits .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc. 1% TCS is required to be collected from the buyer by the seller of scrap. Exemption is available if th .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e buyer submits declaration that the scrap bought is for the purpose of manufacturing and not for trading. Please refer the Section. Thanks - Reply By MARIAPPAN GOVINDARAJAN - The Reply = I endor .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... se the views of Shri Ganeshan - TCS on scrap - Query Started By: - venkat eswaran Dated:- 30-3-2017 Income Tax - Got 2 Replies - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X