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 .
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Whether tcs allowed as deduction
Replies (2)
Quick Summary
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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