Tcs on three wheeler
This query is : Resolved
Tara Khandelwal
(Querist)
29 November 2016
Is TCS applicable for sale of 3 wheeler where consideration exceeds Rs.2 lacs Example: Sale Value Rs.178000, Road Tax Rs.72000 Cash Received Rs.240000
29 November 2016
The ans is yes tcs is applicable in case if Sale consideration exceeds rs 2lakhs in this case.
Refer this link for more details :
https://taxguru.in/income-tax/analysis-tcs-provisions-applicable-wef-01062016.html
Refer this link for more details :
https://taxguru.in/income-tax/analysis-tcs-provisions-applicable-wef-01062016.html
Tara Khandelwal
(Querist)
29 November 2016
Would this be covered under the TCS Code 6CM as value of motor vehicle is less than 10 lacs? or
As value of Motor vehicle (other than two wheeler) do not exceed 10 lacs, TCS is not applicable?
Kindly Clarify
As value of Motor vehicle (other than two wheeler) do not exceed 10 lacs, TCS is not applicable?
Kindly Clarify
Dhirajlal Rambhia
(Expert)
04 November 2021
It will not be covered under TCS code 6CM.
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