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            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

            Provisions expressly mentioned in the judgment/order text.

            <h1>Tax Sellers Must Collect 1% Income Tax on Motor Vehicle and Specified Goods Sales Over Rs. 10 Lakhs Effective 2025</h1> Tax Collection at Source (TCS) applies to sale of motor vehicles and specified goods exceeding Rs. 10 lakhs. Sellers must collect 1% of sale consideration as income tax at time of receipt. Effective from 01.01.2025, the provision covers motor vehicles and additional items like wrist watches, art pieces, collectibles, vehicles, accessories, and sports equipment. Exceptions exist for payments received from Reserve Bank of India. Clarifications have been issued regarding partial cash and cheque transactions.

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