Hi,
Please guide me on TCS provision. A software company is selling Scrap (computers). Will TCS provision apply?
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
Live class on PF & ESI Enrollment & Returns Filing(with recording)