Exemption from TCS to certian Buyers of Motor Vehicle >Rs 10 Lakh w.e.f 01.04.2017
Exemption from tax collection at source under sub-section (1F) of section 206C in case of certain specified buyers. The existing provision of sub-section (1F) of section 206C of the income tax Act, inter-alia provides that the seller who receives consideration for sale of a motor vehicle exceeding ten lakh rupees, shall collect one per… Read More »