Tcs

Querist : Anonymous (Querist) 10 December 2011 This query is : Resolved
There are 2 queries that I have relating to Tax Collected at Source (TCS):
1. In case of scrap sold by a company to another company in November and the payment is received during December, is the company that has sold scrap, liable to pay TCS by the 1st week of December or January?
2. In case the buyer of scrap pays advances during October to the company & the company issues a bill in November for the scrap sold, is the company liable to pay TCS by the 1st week of November or December?
Please clarify

Follow Query

Report Abuse