banner_ad

Tcs on sale of motor vehicles

This query is : Resolved 
Profile Image

Profile Image

(Querist)
08 June 2016 Dear Sir , if customer sumbmit demand draft , banker cheque will submit to dealer for taking vehicle , is it TCS will applicable ( customer went bank and taken demand draft by exchanging cash ). what is the dealer liability by accepting demand drafts and banker cheques is it treated as cash consideration.
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
08 June 2016 no tcs is applicable on cash but if value of vehicle exceed rs. 10 lacs then TCS will applicable.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI
ChatGPT Perplexity Claude Google AI Grok

CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details