https://www.taxtmi.com/acts?id=15997 The amendment adds minerals (coal, lignite, iron ore) to the tax collection Table and inserts a new provision requiring sellers receiving cash for bullion or jewellery to collect tax at source at the time of receipt where consideration exceeds the statutory threshold. Definitions of "buyer", "jewellery" and "accountant" are inserted or clarified. A proviso exempts collectors (other than those under the bullion/jewellery rule) from being assessee in default if the buyer files a return, declares the amount, pays tax and furnishes an accountant's certificate; interest rules are adjusted accordingly. en-us Fri, 16 Mar 2012 16:54:15 +0530 Fri, 16 Mar 2012 17:41:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=15997 The amendment adds minerals (coal, lignite, iron ore) to the tax collection Table and inserts a new provision requiring sellers receiving cash for bullion or jewellery to collect tax at source at the time of receipt where consideration exceeds the statutory threshold. Definitions of "buyer", "jewellery" and "accountant" are inserted or clarified. A proviso exempts collectors (other than those under the bullion/jewellery rule) from being assessee in default if the buyer files a return, declares the amount, pays tax and furnishes an accountant's certificate; interest rules are adjusted accordingly. Act-Rules Bills Fri, 16 Mar 2012 16:54:15 +0530 https://www.taxtmi.com/acts?id=15997