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New car purchases tds deducted
I.t Assess purchases of new car Rs:12 lacs . how to calculate of Tds deducted percentage and refund claim allowed in I t.act
Replies (4)
Quick Summary
Tds on ex showroom, while filing ITR you can claim as tcs
It will be reflecting in 26AS of assessee
It is called TCS and not TDS. It is collected on invoice price of Showroom. TCS is like advance payment of tax.
TCS also reflects In 26 As
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