https://www.taxtmi.com/manuals?id=4521 Tax collection at source on sales of coal, lignite and iron ore is imposed on the seller at 2%. Collection arises at the earlier of debit of the buyer's account or receipt of consideration, with no monetary threshold for covered mineral sales. A declaration under section 394(2) is available as an exception. The earlier regime similarly applied to sellers and the same collection timing without a threshold, but prescribed a lower collection rate. en-us Thu, 18 Apr 2024 15:28:00 +0530 Sat, 29 Aug 2026 12:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4521 Tax collection at source on sales of coal, lignite and iron ore is imposed on the seller at 2%. Collection arises at the earlier of debit of the buyer's account or receipt of consideration, with no monetary threshold for covered mineral sales. A declaration under section 394(2) is available as an exception. The earlier regime similarly applied to sellers and the same collection timing without a threshold, but prescribed a lower collection rate. Manuals Income Tax Thu, 18 Apr 2024 15:28:00 +0530 https://www.taxtmi.com/manuals?id=4521