Tcs on sale of jewellry
This query is : Open
naresh kumar
(Querist)
17 May 2013
Sir,
please tell me it is necessary to collect TCS on Cash sale of jewellery and what is the threshold amount for the same .
please tell me it is necessary to collect TCS on Cash sale of jewellery and what is the threshold amount for the same .
17 May 2013
The sale of bullion (including coins/articles) in cash in excess of Rs 2 lakh shall be subject to TCS @1%. Similarly, sale of jewellery in cash in excess of Rs 5 lakh shall be subject to TCS @1%
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