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1% TCS ON SALE OF TRUCKS

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(Querist)
29 February 2024 Ours is a private limited company and on account of fixed assets we have trucks for transportation purpose. We wan to sell these trucks. Please let me know whether TCS @ 1% shall also be added to the sale price of the trucks.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
01 March 2024 Yes, add 1% TCS also on sale price.
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