What is TCS? On Which it is Computed.
Answers were Sorted based on User's Feedback
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 |
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 |
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 |
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 |
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 |
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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