Whether TCS needs to be collected in case of sale of used vehicle by a company where the sale consideration is below 2 Lacs?
2 Replies
Mayur Patil
(Article)
(1276 Points)
Replied 19 November 2018
No, threshold limit is 10L
Be sure there's word given 'being every seller' so its not apply on manufacturer as per sec 206c(1f)
Be sure there's word given 'being every seller' so its not apply on manufacturer as per sec 206c(1f)
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