Direct Tax (Article) - Udyog Software

Direct Tax ( article ) TCS on Sale of Scrap The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. Introduction Considerable difficulty has been felt in the past in assessing income of persons who take contracts for sale of liquor, forest produce etc. It has been the Department s experience that for taking such contracts, firms or associations of persons are specifically constituted and very often no trace is left of them or their members after the contract has been executed.

Direct Tax (Article) TCS on Sale of Scrap The information contained herein is of a general nature and is not intended to address the …

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