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https://economictimes.indiatimes.com/wealth/tax/buying-jewellery-over-rs-2-lakh-cash-to-attract-1-tcs-from-april-1/articleshow/57233171.cms
Feb 20, 2017 · With the amendment proposed in the Finance Bill 2017, jewellery purchase of over Rs 5 lakh in cash is being omitted from the ambit of TCS but will now be classified as "other goods" and the 1 per cent levy be provided if cash consideration is over Rs 2 lakh. (Your legal guide on estate planning, inheritance, will and more.Estimated Reading Time: 3 mins
https://www.business-standard.com/article/economy-policy/buying-jewellery-over-rs-2-lakh-in-cash-will-attract-1-tds-from-april-117021900231_1.html
Feb 20, 2017 · Cash purchases of jewellery will attract one per cent tax collected at source (TCS) from April 1 if the amount exceeds Rs 2 lakh, as against the current threshold of Rs 5 lakh. Once the Finance Bill 2017 is passed, jewellery will be treated on par with general goods, which attract one per cent TCS on cash purchase of above Rs 2 lakh.Estimated Reading Time: 2 mins
https://wallethacks.com/where-to-sell-jewelry/
Jun 15, 2020 · One of the best places to sell gold, silver, or platinum jewelry online is Cash for Gold USA. You can even sell dental scrap when it doesn’t contain bone or porcelain. The minimum karat for gold jewelry is 8k. You can ship your items to them for free …Reviews: 6
https://www.ndtv.com/business/jewellery-purchase-in-cash-above-rs-2-lakh-to-attract-tax-from-april-1-report-1661091
Feb 19, 2017 · With the amendment proposed in the Finance Bill 2017, jewellery purchase of over ₹ 5 lakh in cash is being omitted from the ambit of TCS but will now be classified as "other goods" and the 1 …Estimated Reading Time: 4 mins
https://taxguru.in/income-tax/disallowance-cash-purchase-jewellery-u-s-40a3-justified-assessee-failed-explanation.html
Apr 06, 2019 · Held: Assessee had purchased gold jewellery worth Rs.34.68 Crores by way of cash in the auction conducted by M/s.M Finance Ltd. AO referred to Section 40A(3) stated that assessee had made cash payments in excess of Rs.20,000/- towards purchase of old gold ornaments through bidding process from the said Finance Company and the said provision was squarely attracted to the assessee’s case. Assessee …
https://www.jewelrynotes.com/pricing-selling-jewelry/
When upgrading jewelry or looking to make extra cash, a Resale Appraisal determines the Fair Market Value of the jewelry for the purposes of valuing the jewelry with the intention of it being resold. The jewelry can then be resold again in the trade, or may be sold directly to an end consumer.
https://www.cardrates.com/advice/4-best-credit-cards-for-jewelry-purchases/
Nov 19, 2015 · Instead, by using the right credit card for your jewelry purchase, you will come out ahead in a number of ways: Pay no interest for up to 15 months (via 0% APR cards) Earn cash back on your purchase amount (via cash-back cards) Get free travel by …Author: Toby Sembower
https://www.hindustantimes.com/business/govt-clarifies-kyc-needed-only-for-cash-purchase-of-jewellery-above-rs-10-lakh-101610169487649.html
KYC required for cash purchase of jewellery above ₹ 2 lakh One of the recommendations requires the DPMS sector to fulfil obligations of Customer Due Diligence (CDD) when they conduct cash...Estimated Reading Time: 2 mins
https://www.financialexpress.com/money/no-new-kyc-disclosure-norm-for-jewellery-purchase-kyc-only-for-high-value-cash-purchases/2167258/
Jan 08, 2021 · Since in India, cash purchase of jewellery above Rs 2 lakh is not allowed without KYC, so no new category is created under this notification. However, it is a requirement to be fulfilled under...Estimated Reading Time: 2 mins
https://www.indiatvnews.com/business/news-pan-aadhaar-kyc-mandatory-gold-silver-jewellery-cash-purchase-above-rs-10-lakh-677007
Jan 09, 2021 · "The misinformation being circulated in certain section of media that any purchase, even if below Rs 2 lakh, of gold, silver, jewellery or precious gems and stones in cash require KYC are...Estimated Reading Time: 5 mins
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