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TCS @ 1% on Purchase of LUXURY CARS

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..... I had a Luxury car say BENZ or Range ROVER .Now I want to sell my car as second hand to Mr. X for ₹ 23,00,000/- Mr.X gave ₹ 4.5 lakh as CASH ; ₹ 6.5 lakh as CHEQUE and the remainin .....

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..... g made online transfer to my Bank Account. Whether I am liable to collect from Mr. X . If your answer is YES ,then,whether i have to collect 1% TCS as his Cash payment is in excess of ₹ 2,00,0 .....

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..... 00/- and another 1% TCS as he purchased a new luxury car for an amount exceeding ₹ 10,00,000/-.In total I have to collect 2% TCS from him. OR 1% TCS is on Aggregate value of  .....

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..... 377; 23,00,000/- EXPLAIN ME IN DETAIL::::::: Thanks Regards Segu.Siva Nandu ( $!\/@ ) Mail Id :- eezee.2mail@gmail.com - Reply By Ganeshan Kalyani - The Reply = The person liable to deduct TCS .....

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..... in case of sale of motor vehicle is a person liable to maintain account and get audited under section 44AB. - TCS @ 1% on Purchase of LUXURY CARS - Query Started By: - Siva Nandu Segu Dated:- 13 .....

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..... -6-2016 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagem .....

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..... entindia.com - TMI - TaxTMI - TMITax .....

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