Applicability of Section 206C

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..... Applicability of Section 206C
Query (Issue) Started By: - Nitin Harsora Dated:- 6-12-2011 Last Reply Date:- 10-12-2011 Income Tax
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Income Tax
An assessee is the Manufature of f .....

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..... lour 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 Sectio .....

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..... n 206C is applicable i.e. TCS on sale of scrap when aseessee sales the Bardan. Reply By malhar shenoy: The Reply: For the purpose of TCS Scrap means Waste & Scrap from the manufacture or mechanical .....

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..... working of materials which is definitely not usable as such because of Breakage , Cutting up, wear & other reasons.
Discussion Forum - Knowledge Sharing .....

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