TCS u/s 206C not needed for tax collection on used items, non-excisable goods, and ship-breaking products.

TCS u/s 206C - Not collection of tax at source on Old and used plates, Non-excisable (exempted) like furniture, wood, etc., Trading of scrap (melting) and High seas sale - the products obtained by the assessee in the course of ship breaking activity are usable as such, and, therefore, do not fall within the definition of scrap - TCS u/s 206C is not required - HC .....

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