TCS
This query is : Resolved
09 June 2010
Shuld I collect tax at source if I sell scrap of spare parts of machineries where my business it to produce food products?
12 June 2010
yES, YOU HAVE TO COLLECT TCS ON SALE OF SCRAP OF MACHINERY PARTS ALSO. IT IS NOT LINK WITH YOUR INPUT . TCS IS COLLECTED ON SALE OF ANY TYPE OF SCRAP.
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