Tds @ 1% on purchase of luxury cars exceeding Rs.10lacs

1. It is the responsibility of the Dealers to deduct 1% TCS under the new ammendment ( Sec 206C )

2. this new ammendment will be effective from 01.06.2016

Thank you Sir for sharing a very useful information.

Further, is there any clearification on the value of Motor Car, i.e.

1) whether TCS is applicable of ex-showroom price ?

or 

2) whether TCS is applicable on on road price of the vehicle ( i.e. on a sum of = ex-showrrom price + Insurance + Registration + accessories ) ?

Please advise.

Thanks and Regards,

Pranay Parmar