<h1>Finance Bill 2013 amends Section 206-C: All bullion sales over Rs 2 lakh in cash now incur 1% TCS.</h1> The Finance Bill, 2013 proposes an amendment to Section 206-C of the Income Tax Act, removing the exemption for coins or articles weighing 10 grams or less from the definition of bullion. Previously, only bullion (excluding coins or articles weighing 10 grams or less) sold in cash over Rs 2 lakh and jewellery over Rs 5 lakh were subject to a 1% Tax Collection at Source (TCS). With this amendment, all bullion sales, including coins, exceeding Rs 2 lakh in cash will incur a 1% TCS, aligning with the existing rule for jewellery sales over Rs 5 lakh.