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Tcs

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 June 2015 A trust sale a scrap of Rs 18000. 00 in F.Y.14-15 is it liable for TCS and what is the Procedure and accounting entry to be passed. Till the date no any other TCS entry passed.
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Querist : Anonymous

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Querist : Anonymous (Querist)
02 June 2015 A trust less deducted to his employees salary is it any affect the employer tds Return.
If the employee paid self assessment tax then employer's liability is nil?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
03 June 2015 TCS will not be applicable. TCS is applicable only for Scrap generated from manufacturing activity.
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Rupesh Jain

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Rupesh Jain (Expert)
03 June 2015 tcs to decuted from on scrap sale on mfg. and mechanical activity.

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