TMI BlogTCS on capital goods scrap saleX X X X Extracts X X X X X X X X Extracts X X X X ..... Is TCS applicable on capital goods scrap sale? two scenarios i) capital goods used in manufacturing which is falling under plant nd machinery ii) capital goods which is not directly related to manufac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... turing e.g office area AC. now what wud be tcs applicability in both ds scenarios ? my gut feel/understanding is dt some scrap may not fall under d meaning of scrap but if there is m income element. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .it wud definately fall under waste..whthr capital goods or purchase/expensed out goods item. Kindly clarify. - Reply By YAGAY AND SUN - The Reply = In recent past changes were made in TCS, please c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... heck the authentic information and act accordingly. - Reply By Ganeshan Kalyani - The Reply = Please refer Circular 22/2016 dated 08.06.2016 regarding latest amendment in TCS provision. - TCS on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... capital goods scrap sale - Query Started By: - Parth Bhatt Dated:- 3-10-2016 Other Topics - Got 2 Replies - Indian Laws - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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