While filing e-TCS in Form 27EQ which collection code should be mentioned for TCS Collection of Scrap Sales.
Thanks
4 Replies
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14497 Points)
Replied 16 February 2011
please read by this link
https://law.incometaxindia.gov.in/dittaxmann/incometaxrules/pdf/challanitns-281.pdf
206C Collection at source from Scrap 6 C E
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14497 Points)
Replied 16 February 2011
Notes : 1. Please write collection code A for Alcoholic liquor for human consumption, B for Timber obtained under a forest lease, C
for Timber obtained by any mode other than under a forest lease, D for any other forest produce not being timber or tendu leaves, E
for Scrap, F for Parking lot, G for Toll plaza, H for Mining and Quarrying.
2. Write “A” if “lower collection” is as per section 206C(9).
Write “B” for any other person, give details in separate sheet.
Srinivas
(Finance & Accounts)
(107 Points)
Replied 16 February 2011
You can select the code "6CE" for "SCRAP Sales"
mansi
(CA)
(69 Points)
Replied 27 June 2016
What is TCS Code if TCS collected for receipt in cash above Rs.200000
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