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TCS APPLICABILITY

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(Querist)
18 March 2020 Dear Sirs
Whether TCS under Sale of motor car on value exceeding Rs 1000000 Is to be collected for co dealer stock transfer.
Transfer is done at cost giving margin in discount.

7004950802
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Eswar Reddy S

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Eswar Reddy S (Expert)
18 March 2020 It's not applicable on stock transfer.. TCS applicable on sale value
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Eswar Reddy S

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Eswar Reddy S (Expert)
18 March 2020 Since it is not sale , TCS is not applicable
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Eswar Reddy S

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Eswar Reddy S (Expert)
18 March 2020 Alternatively to be on safe side, you can get a certificate from your AO stating that TCS not applicable.
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Gokul Sharma

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Gokul Sharma (Querist)
18 March 2020 Thank you very much sir
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Asha Kanta Sharmapro badge

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Asha Kanta Sharmapro badge (Expert)
25 May 2020 TCS is not applicable in your case.

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