TCS on sale of scrap oil

This query is : Resolved 

02 November 2010 Whether TCS u/s 206 is applicable on sale of OIL Scrap? Please advise me.

02 November 2010 If the scrap oil is generated from manufacturing process and there is no reuse of this item, TCS will be applicable u/s 206.

04 November 2010 Dear Sir

Please look at the source for the scrap, if it is on account of manufacturing then TCS is applicable




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