Section 206C - TCS on receives any amount as consideration for sale exceeding the value of Rs. Ten Lakhs [ Section 206C(1F) ]

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..... 31AA ] * Upto 31.12.2024 - Every person, being a seller, who receives any amount as consideration for sale of a motor vehicle of the value exceeding  Rs.10,00,000, shall, at the time of receipt of such amount, collect from the buyer, a sum equal to 1% of the sale consideration as income-tax. * From 01.01.2025 -  Every person, being a seller, who receives any amount as cons .....

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..... tral Government by notification in the Official Gazette" is notified by the notification 36/2025 dated 22.04.2025. * The Central Government hereby notifies the following goods of the value exceeding ten lakh rupees for collection of tax at source as specified therein - * any wrist watch * any art piece such as antiques, painting, sculpture * any collectibles such as coin, stamp * an .....

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