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https://taxguru.in/income-tax/tcs-on-jewellery-sale-removed-or-kept-with-threshold-of-rs-2-lakhs.html
Mar 01, 2017 · Suggestions on Clause 71 of Finance Bill 2017 – Section 206C(1D) – Exclusion of specific reference to sale of jewellery, cash consideration exceeding Rs.5 lakhs -Consequent implication. Section 206C(1D) provides for TCS obligation on sale of jewellery, sale of bullion, and residuary limb being any other goods (other than bullion or jewellery) ,if the value of consideration received in cash ...
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TCS on Sale of Land, Building, Flats TCS provisions apply to goods only, and Land, buildings, flats, are immovable properties. Thus, TCS won't be applicable on sale of immovable properties. TCS on Sale of Jewellery Jewellery are goods and hence comes within the purview of section 206C(1H). Prior to 01.04.2017, sale of jewellery was covered ...
https://taxguru.in/income-tax/tcs-tds-buying-selling-bullion-jewellery.html
Jul 08, 2021 · Clarification on Applicability of TCS And TDS on Buying and Selling of Bullion & Jewellery. In view of Circular No. 13 of 2021, dated 30/06/2021 issued by Central Board of Direct Taxes, Ministry of finance, with regard to chargeability of TCS Vs TDS. Vide clause 4.9.5(v), following can be concluded.
https://infotaxs.com/721/tcs-on-sale-of-jewellery
TCS on Sale of Jewellery +1 vote . TCS on Sale of Jewellery. tcs; gst; asked Oct 9, 2020 in GST by anonymous. answer . 1 Answer. 0 votes . Hello, TCS ON JEWELLERY that exceeds over Rs. 5 lakhs is 1%. answered Jan 5 by mayank (8.3k points) ask related question comment. Related questions ...
https://economictimes.indiatimes.com/news/economy/policy/high-value-cars-jewellery-to-become-cheaper-as-tcs-to-be-excluded-in-computing-gst/articleshow/68341999.cms
Mar 10, 2019 · NEW DELHI: In a relief to buyers of high value cars and jewellery, the CBIC has said that the TCS amount would be excluded from the value of goods for computing GST liability. Under the Income Tax Act, tax collection at source (TCS) is levied at 1 per cent on purchase of motor vehicles above Rs 10 lakh, jewellery exceeding Rs 5 lakh and bullion over Rs 2 lakh.Estimated Reading Time: 3 mins
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