Tax Demand Canceled: Assessee Provided Declarations u/s 206C(1A) for TCS Exemption on Manufacturing Goods Reuse.

Tax Demand Canceled: Assessee Provided Declarations u/s 206C(1A) for TCS Exemption on Manufacturing Goods Reuse. https://www.taxtmi.com/highlights?id=46434 Demand u/s 206C(1)/206C(7) - TCS - 206C(1A) mandates person responsible for TCS to not collect taxes if he obtains a declaration from the buyer that he is purchasing the goods for re-use in manufacturing process or producing article or things - not necessary to collect taxes at sources when sales were made - since assessee has submitted declaration before the AO in requisite forms - demand canceled en-us Sat, 11 May 2019 07:27:38 +0530 Sat, 11 May 2019 07:27:38 +0530 TaxTMI RSS Generator Tax Demand Canceled: Assessee Provided Declarations u/s 206C(1A) for TCS Exemption on Manufacturing Goods Reuse. https://www.taxtmi.com/highlights?id=46434 Demand u/s 206C(1)/206C(7) - TCS - 206C(1A) mandates person responsible for TCS to not collect taxes if he obtains a declaration from the buyer that he is purchasing the goods for re-use in manufacturing process or producing article or things - not necessary to collect taxes at sources when sales were made - since assessee has submitted declaration before the AO in requisite forms - demand canceled Highlights Income Tax Sat, 11 May 2019 07:27:38 +0530 https://www.taxtmi.com/highlights?id=46434