TCS at 1% on Motor Vehicles Over Rs. 10 Lakh; Cash Sales Over Rs. 2 Lakh Also 1% Says CBDT. https://www.taxtmi.com/highlights?id=29645 Tax collection at source (TCS) @1% is on sale of any motor vehicle of the value exceeding ten lakh rupees or @1% if sale consideration received in cash exceeds 2 lakh rupees - CBDT clarifies - even if both the conditions are existing, TCS shall be 1% only en-us Wed, 08 Jun 2016 16:22:17 +0530 Wed, 08 Jun 2016 16:22:17 +0530 TaxTMI RSS Generator TCS at 1% on Motor Vehicles Over Rs. 10 Lakh; Cash Sales Over Rs. 2 Lakh Also 1% Says CBDT. https://www.taxtmi.com/highlights?id=29645 Tax collection at source (TCS) @1% is on sale of any motor vehicle of the value exceeding ten lakh rupees or @1% if sale consideration received in cash exceeds 2 lakh rupees - CBDT clarifies - even if both the conditions are existing, TCS shall be 1% only Highlights Income Tax Wed, 08 Jun 2016 16:22:17 +0530 https://www.taxtmi.com/highlights?id=29645