REGARD TCS

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..... REGARD TCS
Query (Issue) Started By: - RAKESH PANCHAL Dated:- 11-6-2016 Last Reply Date:- 13-6-2016 Income Tax
Got 1 Reply
Income Tax
Dear Sirs, An Automobile Dealer Purchase a Vehiclle .....

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..... From company for purpose of resale and its value more than 10 lac can COMPANY CHARGE TCS ON PURCHASE BY DEALER . EXAMPLE : A: DEALER B: COMPANY INVOICE GENRATE BY A ARE IS UNDER BASIC VALUE : 929 .....

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..... 698 EXCISE 117374 VAT 169103 ------------------------------------ TOTAL 1204133 TCS 12042 ----------------------------------- INV.VAL 1216175 ----------------------------------- This method i .....

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..... s Correct ? can Dealer save 1% tcs against present 27C FORM ? Reply By Ganeshan Kalyani: The Reply: Sir this is not applicable if manufacturer sell car to dealer / distributor. It is applicable if .....

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..... car is sold to a individual. A person who is liable to maintain books under Sec 43AB and and sell car to an individual then he need to deduct TCS.
Discussion Forum - Knowledge Sharing .....

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