Explanatinon on section 206C(1D) TCS

This query is : Resolved

Share Report Follow Query Ask a Query

naresh kumar

naresh kumar (Querist)
Follow

20 May 2016 can you explain on section 206C(1D)TCS with example

Rupesh Jain

Rupesh Jain (Expert)
Follow

20 May 2016 It has been proposed that the seller of bullion and jewellery shall, at the time of receipt of such amount in cash, collect tax at the rate of 1% of sale consideration from every buyer of bullion and jewellery, if sale consideration exceeds two lakh rupees.

■ Any person collecting any amount under this sub-section shall also pay within the prescribed time the amount so collected to the credit of the Central Government or as the Board directs

IF you sell jewellery more that Rs. 2 lacd the you have to collect TCS 1%.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

SHUBHANGI GOEL

Hemkumar

Vinod Patil

CA Varun Gupta

Mahesh Balanthimugaru

Subscribe Now

Explanatinon on section 206C(1D) TCS

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANT

CA Final

Accountant

Article Assistant

GST CONSULTANCY