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TCS on gold

priyankagupta (article) (361 Points)

24 July 2020

wat is applicability of TCS on gold

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APIL JAIN (7 Points)
Replied 24 July 2020

Jewellery in excess of 5 lacs....TCS rate is 1percent

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Shivam RC (Student) (23683 Points)
Replied 24 July 2020

As per the Provision of Section 206C of the Income Tax Act 1961, TCS @ 1% is levied on Bullion that exceeds over Rs. 2 lakhs/ Jewellery that exceeds over Rs. 5 lakhs.

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