https://www.taxtmi.com/article/detailed?id=903 Mandatory TCS on traders' purchases is proposed to widen the tax net, with reduced rates for larger purchase volumes, higher rates where PAN is absent, and an exemption threshold for small purchases; collected amounts to be creditable against tax liability or refundable. The measure is designed to build taxpayer data, enable selective enquiries into unreported income (including investment income of agricultural landholders), and focus enforcement on larger rural traders and intermediaries. en-us Thu, 12 Aug 2010 00:00:00 +0530 Fri, 13 Aug 2010 10:10:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=903 Mandatory TCS on traders' purchases is proposed to widen the tax net, with reduced rates for larger purchase volumes, higher rates where PAN is absent, and an exemption threshold for small purchases; collected amounts to be creditable against tax liability or refundable. The measure is designed to build taxpayer data, enable selective enquiries into unreported income (including investment income of agricultural landholders), and focus enforcement on larger rural traders and intermediaries. Articles Income Tax Thu, 12 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=903