Can we sell old unused material as a scrap

This query is : Resolved 

19 November 2018 Respected Seniors,
We are packaging machines manufacturer & we have a lots of stock of old material ( casting, flats etc) which is now not useable because we have changed old models . Kindly guide me can we sell our unusable old material as a scrap or not & also confirm about TCS is applicable or not?

19 November 2018 you can sale it as scrap. TCS is applicable

20 November 2018 Thanks a lot Amol S Joglekar sir.


20 November 2018 you are most welcome.....



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