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    <title>Clarification on Amendment to Section 206-C of Income Tax Act dealing with Tax Collection at Source (TCS) on Sale of Bullion or Jewellery in Cash</title>
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    <description>Amendment narrows the exclusion under Tax Collection at Source so that cash sales of bullion, expressly including coins and small articles previously excluded, exceeding the statutory value threshold are subject to TCS at the prescribed rate; cash sales of jewellery above the statutory threshold continue to attract TCS. The change withdraws the prior exemption for coins/articles of limited weight and is not a new levy but an extension of TCS coverage to previously excluded bullion items.</description>
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    <pubDate>Thu, 02 May 2013 09:47:54 +0530</pubDate>
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      <description>Amendment narrows the exclusion under Tax Collection at Source so that cash sales of bullion, expressly including coins and small articles previously excluded, exceeding the statutory value threshold are subject to TCS at the prescribed rate; cash sales of jewellery above the statutory threshold continue to attract TCS. The change withdraws the prior exemption for coins/articles of limited weight and is not a new levy but an extension of TCS coverage to previously excluded bullion items.</description>
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      <pubDate>Thu, 02 May 2013 09:47:54 +0530</pubDate>
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