https://www.taxtmi.com/circulars?id=5002 Collection of income-tax at source applies to profits and gains from trading in specified goods, with purchase price construed to include any amount paid or payable by the buyer (excluding auction bid amounts) so that excise duty and analogous charges, including the issue price or "Nirgam Mulya", form part of the purchase price. Persons defined as sellers, including governments, local authorities, corporations and co-operative societies, must collect tax at source at prescribed rates based on this inclusive purchase price. The amendments apply from the assessment year 1991-92 and cover collections made during the financial year 1990-91. en-us Tue, 27 Nov 1990 00:00:00 +0530 Mon, 06 Jan 2025 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5002 Collection of income-tax at source applies to profits and gains from trading in specified goods, with purchase price construed to include any amount paid or payable by the buyer (excluding auction bid amounts) so that excise duty and analogous charges, including the issue price or "Nirgam Mulya", form part of the purchase price. Persons defined as sellers, including governments, local authorities, corporations and co-operative societies, must collect tax at source at prescribed rates based on this inclusive purchase price. The amendments apply from the assessment year 1991-92 and cover collections made during the financial year 1990-91. Circulars Income Tax Tue, 27 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5002