https://www.taxtmi.com/circulars?id=5037 Collection of tax at source is required on receipts from trading in specified goods - alcoholic liquor (excluding Indian-made foreign liquor), timber and other forest produce - by sellers at the time of debiting the buyer's account or on receipt of payment. Preserved rates are subject to a surcharge where the buyer is a domestic company or otherwise. Sellers must remit collected tax within seven days, issue collection certificates within ten days, and file prescribed half yearly returns; failures attract penalties, interest and possible criminal sanction for non payment. en-us Fri, 06 Dec 1991 00:00:00 +0530 Tue, 07 Jan 2025 10:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5037 Collection of tax at source is required on receipts from trading in specified goods - alcoholic liquor (excluding Indian-made foreign liquor), timber and other forest produce - by sellers at the time of debiting the buyer's account or on receipt of payment. Preserved rates are subject to a surcharge where the buyer is a domestic company or otherwise. Sellers must remit collected tax within seven days, issue collection certificates within ten days, and file prescribed half yearly returns; failures attract penalties, interest and possible criminal sanction for non payment. Circulars Income Tax Fri, 06 Dec 1991 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5037