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Tcs on bullion

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 July 2012 Example: if i sold Coins(aggregates of 1 KG.) consisting less than 10g.each worth Rs. 25 lakhs can TCS would be calculated?
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CA Rahul Gupta

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CA Rahul Gupta (Expert)
14 July 2012 The threshold limit for cash purchase on bullion shall be retained at Rs. 2 lakh. Bullion will not include any coin or other article weighing 10 gm or less,”Pranav Mukherjee said in his speech.

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