REGARD TCS

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....EGARD TCS<br> Query (Issue) Started By: - RAKESH PANCHAL Dated:- 11-6-2016 Last Reply Date:- 13-6-2016 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear Sirs, An Automobile Dealer Purchase a Vehiclle F....

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....rom company for purpose of resale and its value more than 10 lac can COMPANY CHARGE TCS ON PURCHASE BY DEALER . EXAMPLE : A: DEALER B: COMPANY INVOICE GENRATE BY A ARE IS UNDER BASIC VALUE : 9296....

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....98 EXCISE 117374 VAT 169103 ------------------------------------ TOTAL 1204133 TCS 12042 ----------------------------------- INV.VAL 1216175 ----------------------------------- This method is....

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.... Correct ? can Dealer save 1% tcs against present 27C FORM ? Reply By Ganeshan Kalyani: The Reply: Sir this is not applicable if manufacturer sell car to dealer / distributor. It is applicable if c....

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....ar is sold to a individual. A person who is liable to maintain books under Sec 43AB and and sell car to an individual then he need to deduct TCS.<br> Discussion Forum - Knowledge Sharing ....