Hi,
Please guide me on TCS provision. A software company is selling Scrap (computers). Will TCS provision apply?
2 Replies
Manoj BG
(Tax Professional and in Service)
(1795 Points)
Replied 02 December 2010
Definately would be applied @ 1%.
Regards,
Manoj
kanagaraj
(CHARTERED ACCOUNTANT)
(793 Points)
Replied 02 December 2010
Dear Poonam
Absolutely applicable.You must collect the tax and paid to the govt. The TAN is used for deduction.
regards
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