Tcs on motor car sec 206(c)
This query is : Resolved
06 June 2016
SELL A CAR OF RS. 500,000/-, RECEIVED RS. 5000 IN CASH AND 495000/- THOUGH BANK.
WHETHERE THE TCS APPLICABLE?
WHETHERE THE TCS APPLICABLE?
06 June 2016
TCS is applicable only when invoice price is more than 10 lakhs
07 June 2016
TCS applicable as it will fall under other goods where the limit is 2 lacs and part payment received in cash.
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