Can I read TCS on Cash Sale of Bullion & Coins on EtoBox?

TCS on Cash Sale of Bullion & Coins by yagay is a document available to read on EtoBox.

What is TCS on Cash Sale of Bullion & Coins about?

The document clarifies an amendment to Section 206-C of the Income Tax Act regarding tax collection at source on cash sales of bullion or jewelry. The amendment removes the exclusion of coins from the definition of bullion, so cash sales of bullion including coins over Rs. 2 lakh will be subject to a 1% tax collection. Cash jewelry sales over Rs. 5 lakh remain subject to the 1% tax collection.

Author

yagay

Language

EN