Under income tax rules, when you buy a motor vehicle worth more than Rs 10 lakh, the seller is required to collect TCS at 1% ...

Under Section 206C (1F), the seller must collect TCS at 1 per cent of the value of any car priced above Rs 10 lakh. So if ...

If a tour operator fails to deposit the TCS and the credit consequently does not appear in Form 26AS, the situation becomes ...

Panaji: The GCCI, in its pre-Budget memorandum to the finance ministry, has called for additional fields in the new Income ...

Car buyers purchasing vehicles above ₹10 lakh can reclaim 1% Tax Collected at Source (TCS) deposited by dealers. This amount, ...

Many car buyers in India are unaware they can claim a tax refund on Tax Collected at Source (TCS). Sellers deduct 1% TCS on vehicles over ₹10 lakh, which is adjustable against your tax liability or ...

Income tax refunds for FY 2024–25 are delayed due to late ITR form releases, stricter data checks, and heavy CPC load, say ...

If you’ve recently bought a new car costing more than ₹10 lakh, or you’re planning to buy one soon, there’s an important ...

The investor explained how anyone purchasing a vehicle priced above ₹10 lakh is entitled to get back the 1% Tax Collected at Source (TCS) charged by dealerships ...

Usually, it takes 4 to 5 weeks for the refund to be credited to the taxpayer's account. However, if the refund is not ...

MCA increases capital and turnover limits to ₹10 crore and ₹100 crore, expanding eligibility for multiple exemptions. Key ...

Tax practitioners attribute the slump to a combination of delayed ITR form releases, tighter verification rules, and ...