TCS u/s 206C(1) - activity of sale of scrap - to fall under the ...

Case Laws Income Tax

April 15, 2020

TCS u/s 206C(1) - activity of sale of scrap - to fall under the definition of scrap as given in the Explanation to section 206C of the Act, the term ‘waste’ and ‘scrap’ are one and which should arise from manufacture and if the scrap is not coming out of manufacture, then the items do not fall under the definition of scrap and thus not liable to TCS.

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TCS u/s 206C(1) - activity of sale of scrap - to fall under the ...

Case Laws Income Tax

April 15, 2020

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