Pls advice on the following in relation to TCS applicability
1) Whether we have to file NIL TCS return in case of no liability of TCS from 01.07.12 to 31.12.12.
2) What will be the TCS rate if customer do not submit PAN number.
3) “Whether TCS is applicable on a ceiling of transaction above Rs. 5.00 lacs(for Jewellery) and Rs. 2.00 lacs(for Bullion) when it includes any sum as cash or sale in lieu of old gold purchased from the customer, also whether this ceiling is applicable on “per transaction or per day basis”.
CAclubindia
