https://www.taxtmi.com/manuals?id=4449 Tax collection at source on sale of scrap requires the seller to collect tax at source at 2% under section 394(1), Table serial number 4. No monetary threshold applies. A resident buyer may furnish a declaration under section 394(2) as the stated exception. The provision carries forward the earlier tax collection at source framework for scrap without substantive change. en-us Tue, 30 Jan 2024 18:52:00 +0530 Wed, 05 Aug 2026 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4449 Tax collection at source on sale of scrap requires the seller to collect tax at source at 2% under section 394(1), Table serial number 4. No monetary threshold applies. A resident buyer may furnish a declaration under section 394(2) as the stated exception. The provision carries forward the earlier tax collection at source framework for scrap without substantive change. Manuals Income Tax Tue, 30 Jan 2024 18:52:00 +0530 https://www.taxtmi.com/manuals?id=4449