Tcs
This query is : Resolved
02 August 2012
R/sir
1% TCS was proposed in the budget on the sale of coal & minerals from 01.07.2012
My query is
1. it is applicable or not
2 if applicable than in which section TCS to be deposited
thans
1% TCS was proposed in the budget on the sale of coal & minerals from 01.07.2012
My query is
1. it is applicable or not
2 if applicable than in which section TCS to be deposited
thans
05 August 2012
As per amendment to sect. 206C in table a new Sr. No. vii has been inserted from 01.07.2012, which provides that minerals, being coal or lignite or iron ore, collection of tax at source is at the 1% of the sale value.
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