Applicability of Section 206C, Income Tax

[Nitin Harsora]

An assessee is the Manufature of flour from the wheat. The raw material comes in the Bardan which is being sold by the assessee to the supplier who is suppling the Packing material for Finished Goods.

The query is that whether Section 206C is applicable i.e. TCS on sale of scrap when aseessee sales the Bardan.

Posts / Replies

[malhar shenoy]

For the purpose of TCS Scrap means Waste & Scrap from the manufacture or mechanical working of materials which is definitely not usable as such because of Breakage , Cutting up, wear & other reasons.