If you bought a car costing over Rs 10 lakh, you probably paid 1% extra as TCS. That money isn’t a tax you lose — but many ...
TCS is a 1% tax on motor vehicles over ₹10 lakh. Buyers can claim a refund when filing their annual ITR, provided they meet ...
Budget 2025 has removed prosecution for taxpayers who failed to deposit Tax Collected at Source (TCS) despite collecting it.
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