https://www.taxtmi.com/highlights?id=52991 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. en-us Wed, 15 Apr 2020 14:47:51 +0530 Wed, 15 Apr 2020 14:47:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52991 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. Highlights Income Tax Wed, 15 Apr 2020 14:47:51 +0530 https://www.taxtmi.com/highlights?id=52991