TCS APPLICABILITY
This query is : Resolved
Quick Summary
Gokul Sharma
(Querist)
18 March 2020
Dear Sirs
Whether TCS under Sale of motor car on value exceeding Rs 1000000 Is to be collected for co dealer stock transfer.
Transfer is done at cost giving margin in discount.
7004950802
Whether TCS under Sale of motor car on value exceeding Rs 1000000 Is to be collected for co dealer stock transfer.
Transfer is done at cost giving margin in discount.
7004950802
Eswar Reddy S
(Expert)
18 March 2020
It's not applicable on stock transfer..
TCS applicable on sale value
Eswar Reddy S
(Expert)
18 March 2020
Since it is not sale , TCS is not applicable
Eswar Reddy S
(Expert)
18 March 2020
Alternatively to be on safe side, you can get a certificate from your AO stating that TCS not applicable.
Gokul Sharma
(Querist)
18 March 2020
Thank you very much sir
25 May 2020
TCS is not applicable in your case.
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