https://www.taxtmi.com/forum/issue?id=113898 TCS applies to sales of motor vehicles where the consideration exceeds Rs. 10.00 lakh; such sales attract TCS at 1% on receipts received by cheque or any other mode, with the provision operative from June 1, 2016. The forum exchange notes a query about applicability by engine cubic capacity but the operative guidance relies on the value-based threshold for collection. en-us Wed, 27 Jun 2018 12:17:48 +0530 Thu, 23 Jan 2025 15:55:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113898 TCS applies to sales of motor vehicles where the consideration exceeds Rs. 10.00 lakh; such sales attract TCS at 1% on receipts received by cheque or any other mode, with the provision operative from June 1, 2016. The forum exchange notes a query about applicability by engine cubic capacity but the operative guidance relies on the value-based threshold for collection. Discussion-Forum Income Tax Wed, 27 Jun 2018 12:17:48 +0530 https://www.taxtmi.com/forum/issue?id=113898