Tag Archives: section 206C (1D)

TCS on sale of Cars

TCS on sale of Cars Analysis of Provisions relating to TCS on sale of Cars/ Sale of Motor Vehicle above Rs 10 Lakh section 206C of the Income Tax Act has been amended w.e.f 01.06.2016 to provide that the seller shall collect the tax at the rate of 1%  from the buyer on sale of motor vehicle… Read More »