Tcs

This query is : Resolved 

05 September 2015 sir, TCS applicable for sale of gold in cash exceeding 2 or 5 lakh, if signal person purchase the gold above the limit in whole year time to time, can TCS deducted or not

05 September 2015 TCS is being levied on bullion and Jewellery since July 1, 2012, at the rate of 1% on cash purchase of Jewellery worth Rs 5 lakh or more and bullion worth Rs 2 lakh or more.

it should be single purchase not single person, you can not have track on Jewellery purchase


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