TDS on scrap

  • Income Tax

TCS Payable not hit by section 43B as it can not be claimed as deduction in PL Account

TCS Payable not hit by section 43B as it can not be debited in Profit and Loss account and claimed…

1 month ago
  • Income Tax

TDS on sale of scrap u/s 206C not dependent on if seller himself is manufacturer or not

Sale of scrap not generated from a manufacturing/mechanical process not liable to TCS u/s 206C of the Act although to…

1 month ago
  • Income Tax

Trader in scrap not liable to collect TCS u/s 206C if scrap not result of manufacturing

Trader in scrap not liable to collect TCS u/s 206C if scrap not a result of manufacturing ABCAUS Case Law…

4 years ago