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TAX COLLECTED AT SOURCE

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(Querist)
05 November 2008 HAS TCS TO BE COLLECTED FOR SALE OF OLD ARTICLES IN CONCERN (PARTNERSHIP) IF YES ,THEN LIMIT ? SAY AMT RS 50,000/-
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
05 November 2008 you have to say whether the article is as listed in the table given in section 206C of IT Act 1961.
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CA Bosu babu

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CA Bosu babu (Expert)
05 November 2008 TCS is collected while making the sale of Manufacturing Scrap to anybody. as per my opinion for any amt you have to collect TCS...(i came through one audit this...)
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