Is tcs applicable on price of motor vehicle between Rs. 2 Lac to Rs.10 Lac ?
Pls tell me the complete details about provision of " Sale of goods & services is more than Rs. 2 Lac in cash". Is motor vehicle covered or not in this provision?
04 June 2016
No as there is specific section for motor vehicle for which limiot is greater then 10 lakhs so TCS is not applicable on motor vehicle valuing less then 10 lak including VAT
Regards, CA JUGAL PATEL 9711118662 cajugalpatel@gmail.com
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