Dear Experts,
Whether TCS is applicable on u/s 206C of IT Act against sale of Fly Ash ?
Regards
Pradeep
2 Replies
David
(article Assistant)
(1639 Points)
Replied 11 January 2024
TCS applicable on Minerals, being coal or lignite or iron ore etc... Here Fly ash is not included. So no TCS
Pradeep Kumar Sarangi
(Account Executive)
(121 Points)
Replied 11 January 2024
Fly Ash considerable as waste which generates from the manufacturing process which is defined in the Income Tax Act u/s 206C
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