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Whether tcs allowed as deduction

Tax queries 348 views 2 replies

Company purchase the car  in the name of director as the car is above 10lkh tcs collected by car dealer but in the name and pan no of director whether director can claim that tcs ? as the whole  amount paid is by the company .

Replies (2)
Yes, he can claim the tcs as it is collected in his name.
Yes he can claim as deduction on tax.


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