Is TCS applicable for sale of 3 wheeler where consideration exceeds Rs.2 lacs
Example: Sale Value Rs.178000, Road Tax Rs.72000 Cash Received Rs.240000
2 Replies
Nikunj Shiyani
(Executive)
(124 Points)
Replied 29 November 2016
Yes I thinks tcs is applcable as its exceed 2 lakh
Dharmesh
(Student)
(1025 Points)
Replied 29 November 2016
i guess the limit is 10 lacs in case of motor vehicles ??? ..three wheeler generally would be covered under motor vehicles..
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