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TCS @ 1% on Purchase of LUXURY CARS

Income Tax - Started By: - Siva Nandu Segu - Dated:- 13-6-2016 Last Replied Date:- 13-6-2016 - 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 ; & .....

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ther 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. OR1% TCS is on Aggregate value of ₹ 23,00,000/-EXPLAIN ME IN DETAIL:::::::Thanks & RegardsSegu.Siva Nandu ( .....

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