HomeNews News Jewelry Purchases In Cash Above Rs 2 Lakhs To Attract Tax Jewelry Purchases In Cash Above Rs 2 Lakhs To Attract Tax

Read more interesting news from around the globe with Wealth Doctor App

Google Play
 
Jewelry Purchases In Cash Above Rs 2 Lakhs To Attract Tax

Jewelry Purchases In Cash Above Rs 2 Lakhs To Attract Tax

Monday, February 20, 2017, 12:02 PM
Cash purchases of jewellery will attract a 1% TCS (tax collected at source) from April 1, 2017, if the amount exceeds Rs 2 lakhs. The Income Tax Department has been levying 1% TCS on cash purchases of bullion in excess of Rs 2 lakhs and jewellery in excess of Rs 5 lakhs since July 1, 2012.
Read More

Learn to Save, Spend, Invest & Borrow Wisely with our Youtube Channel

Love Beyond Death Get It now!
 

How about our new look!

 
Great!
Mm.. Ok
Bad
 

Please select a category

Please write your feedback and suggestions