1% TCS on car purchase: Forget claiming your money?
Synopsis According to the income tax rules, car dealers are required to deduct 1% TCS if the e showroom value of the car exceeds Rs
Synopsis According to the income tax rules, car dealers are required to deduct 1% TCS if the e showroom value of the car exceeds Rs 10 lakh. However, do not confuse your total car cost with the e showroom price, which is the base retail cost excluding any kind of taxes, accessory charges etc.
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