1 % TCS on Coal , Lignite & Iron Ore

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Apart from the bullion and jewelry , Finance Bill 2012 ( Budget 2012-13 ) has proposed to impose the tax at source (TCS )  provision under Income Tax Act  on coal, lignite and iron ore trade . This is done by  inserting amendment in section 206C of the Income Tax Act . This budget 2012-13…

About Prashant Thakur
The author has spent twenty years with Income Tax department and desire to service common citizen of India which include professionals like tax practioners ,CA,ICMA, CS and tax lawyers by advising them on the direct tax matters for a very affordable fee.

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