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Tcs on purchase of gold

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 January 2017 Dear All

Will TCS be applicable on purchase of Gold Jewellery above Rs. 5 lacs, if the full amount is paid through cheque or plastic money ....??
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 January 2017 No TCS applicable in such a case.
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Querist : Anonymous

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Querist : Anonymous (Querist)
19 January 2017 Ok. Thank you sir for your immediate reply.




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