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Q. > Please Help: TCS on scrap purchased by Trader
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219 views • Question added May 10, 2013 • Income Tax • By DEEPAK KAPOOR , CA , Ludhiana


Please tell whether trader, who deals in scrap defined u/s 206-C of Income Tax Act,1961, liable to collect TCS from Customer??

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Adil Malik

10-May-2013 , 11:36:51 am

yes

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DEEPAK KAPOOR

11-May-2013 , 05:02:47 pm

thanx, but doubt arises in case of definition of Scrap, which states that scrap must generate from manufacturing/processing, this can be done in case of manufacturer only.

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