banner_ad

Purchase of used car of rs 2200000

708 views 7 replies
User Avatar

accounts officer
178 Points Posted on 03 August 2023
is tds applicable when buying a used car from an individual value of 2200000 ?
Reply Share Follow
On 03 August 2023 at 14:15 Report
Replies (7)
User Avatar

SEO Sai Gr. Hosp.
211569 Points Posted on 03 August 2023

Yes, TCS applicable.             

581 Reply
On 03 August 2023 at 14:22
User Avatar

accounts officer
178 Points Posted on 03 August 2023
What is the percentage
Reply
On 03 August 2023 at 14:27
User Avatar

Chartered Accountant
24588 Points Posted on 03 August 2023
Yes TCS u/s 206C(1F) for motor cars is applicable @ 1% if value of car exceeds 10 lakhs rupees.
129 Reply
On 03 August 2023 at 14:30
User Avatar

accounts officer
178 Points Posted on 03 August 2023
It is purchased from an individual to a partnership firm. I think TDS is applicable for the firm, it is correct?
Reply
On 03 August 2023 at 14:42
User Avatar

Chartered Accountant
24588 Points Posted on 03 August 2023
If individual is not a retailer then 194Q will attract
129 Reply
On 03 August 2023 at 16:14
User Avatar

I'm a financial expert
31 Points Posted on 03 August 2023

Isn't that a little pricey?

Reply
On 03 August 2023 at 20:54
User Avatar

Chartered Accountant
24588 Points Posted on 04 August 2023
What???
129 Reply
On 04 August 2023 at 12:14


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

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

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details