A recent query concerns the applicability of TCS (Tax Collected at Source) or TDS (Tax Deducted at Source) on a significant gold jewellery purchase made for a wedding. The buyer spent over 4 lakh rupees using a debit card and noted that the jeweller did not request a PAN card. Based on the information provided, as the purchase was for personal use, TDS deduction is generally not mandated in such cases.
09 July 2025
I bought gold jewelry worth 4lakh 16 thousand from a jeweler for wedding. Is there any tcs or tds applicability? I paid using debit card. The jeweler also didn't ask for my pan card