Tcs on sale of jewellry
This query is : Open
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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