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Tcs

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 June 2016 Dear Sir,
Apart from tcs collection on cash payment of bills exeeding Rs.2 Lacs, whether any other provision is also implemented for traders from 01-06-2016?
Please enlighten me.
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Rupesh Jain

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Rupesh Jain (Expert)
24 June 2016 yes for buying car exceeds Rs. above 10 lacs , the tcs will apply. there in no diff you make payment in cash or in bank. when you make payment for car below 10 lacs then its cover as you tell .
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