Is Tax Collected at Source (TCS) applicable in respect of Scrap? If any latest ammendments regarding TCS, please let me know.
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Applicability of TCS
Replies (3)
YES , TCS IS APPLICABLE ON SCRAP @ 1%.
TCS is applicable on scrap @ 1%
For more details refer Section 206C of IT Act, 1961
Is TCS applicable on sale of empty Cement bags?
Regards
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