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What is TCS? On Which it is Computed.

Answers were Sorted based on User's Feedback



What is TCS? On Which it is Computed...

Answer / r.ramesh

TAX COLLECTION @ SOURCE

Sl.No. Nature of Goods Rates
1.Alcoholic liquor for human Consumption 1%
2.Tendu leaves 5%
3.Timber obtained under forest lease 2.50%
4.Timber obtained by any mode other than a forest lease
2.50%
5.Any other forest produce not being timber or tendu leaves
2.50%
6.Scrap 1%
7.Parking lot 2%
8.Toll plaza 2%
9.Mining & Quarrying 2%

     Annual Return for TCS to be filed in form No.27E

Half yearly return for the period ending 30th september &
31st March to be filed within 1 month

Is This Answer Correct ?    23 Yes 2 No

What is TCS? On Which it is Computed...

Answer / naveen

tcs is Tax collection at Source it will come While doing
Scrap sales and its % @1.03%

Is This Answer Correct ?    33 Yes 21 No

What is TCS? On Which it is Computed...

Answer / darshan katara

TCS- Tax collection at Source and it is calculated on
scarpe sale @1.03%

Is This Answer Correct ?    18 Yes 9 No

What is TCS? On Which it is Computed...

Answer / kamlesh

TCS Collected @ 1.03% on Sale Inoice

Is This Answer Correct ?    10 Yes 5 No

What is TCS? On Which it is Computed...

Answer / vijay karan yadav

TCS Collected @ 1.03% on the amount debited to the buyer.
that means it must include excise and Vat also.

Is This Answer Correct ?    6 Yes 1 No

What is TCS? On Which it is Computed...

Answer / ashish soni

Basic Amount - 1470 RS.
+ LANDING 1%
+ CUSTOMDUTY 28.85%
+ VAT 4%
+ ADD.VAT 1%
+ TCS 1%

SO,PLEASE REPLY ME TCS CALCULATION AS SOON AS POSSIBLE.

Is This Answer Correct ?    4 Yes 0 No

What is TCS? On Which it is Computed...

Answer / murli

It is calculaed on scarpe sale @ 1.14%

Is This Answer Correct ?    3 Yes 23 No

What is TCS? On Which it is Computed...

Answer / bhim singh rana

tax collection at source.
It is calculaed on scarpe sale @ 1.33%

Is This Answer Correct ?    8 Yes 30 No

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