Cash purchase of bullion and jewellery

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Anil Gupta (Querist)
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01 November 2013 What are the obligations for cash purchase of jewellery or bullion in Rs.50000/- or more.

CS,CA F,Numrologi TusharSampat (Expert)
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03 November 2013 pROVIDE FOR PAN NUMBER AND IF IT EXCEEDS RS 5,00,000 FOR BULLION AND 2,00,000 FOR GOLD THEN BUYER NEEDS TO COLLECT TCS @1% U/S 206C.

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