TCS on capital goods scrap sale

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... TCS on capital goods scrap sale
Query (Issue) Started By: - Parth Bhatt Dated:- 3-10-2016 Last Reply Date:- 5-10-2016 Other Topics
Got 2 Replies
Indian Laws
Is TCS applicable on capital g .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... oods 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 manufacturing e.g office area AC. now .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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..it wud definately f .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... all 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 check the authentic infor .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... mation and act accordingly. Reply By Ganeshan Kalyani: The Reply: Please refer Circular 22/2016 dated 08.06.2016 regarding latest amendment in TCS provision.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X