TCS APPLICABILITY

This query is : Open

Manoj Kumar (Querist)
Follow

18 September 2016 is tcs applicable if former sells his agricultural produce to commission agent or dallal or trader or at apmc. if tcs not applicable for goods purchased for personal use then why tcs for jewellery

Kaushik Joshi

Kaushik Joshi (Expert)
Follow

19 September 2016 Dear Manoj, TCS is applicable for cash transactions above Rs 2lac even for a farmer. Unfortunately no proviso exists to exempt farmers for the recent amendment. TCS on jewellery is collected of the seller. gold has always been and shall be industry in which income tax is interested.

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

Suvigya Tiwari

ANUPAMA L KANT

Abhishek Kabra

MUNISH KUMAR

Tushar Gupta

Subscribe Now

TCS APPLICABILITY

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Accountant

CA Final

GST CONSULTANCY

Article Assistant

GST CONSULTANT