Go Back   Team-BHP > BHP India > The Indian Car Scene

Thread Tools Search this Thread
Old 3rd August 2017, 19:05   #91
Join Date: Nov 2007
Location: Pune
Posts: 573
Thanked: 158 Times
Default Re: 1% TCS on vehicles above Rs. 10 lakh from June 1, 2016

Originally Posted by SMSP View Post
Dear Team BHP,
I purchased the New Honda City ZX in March2017 and had paid the TCS on the ex-showroom price. The TCS is reflecting now in my Form26AS. Please advise what action is needed while filing my IT returns for the Assessment year 2017-18, with reference to this TCS?

Include this amount of form 26 AS in your ITR as tax paid. There is also a section in ITR where you need to quote the PAN / TAN of the tax deductor. If the total tax paid due to this TCS exceeds your tax liability, it will be refunded.
shipnil is offline   (1) Thanks Reply With Quote
Old 28th October 2017, 15:15   #92
Join Date: Jan 2008
Location: Bangalore
Posts: 247
Thanked: 141 Times
Default Re: 1% TCS on vehicles above Rs. 10 lakh from June 1, 2016

Is there any special format for this TCS certificate (like an Income Tax Form#, etc), that shows that tax has been remitted to the IT Dept?

When i took delivery this week, what I got was a 1-page computer printout on A4-sized Hyundai stationary that is titled "Debit Note". Its got computer printed comments saying "On Account of: BEING TCS ACCOUNTED", and also states the dealer's PAN, GSTIN, etc. Is that to be deemed a "TCS Certificate"? Does it imply that the amount will show up in my 26AS eventually?
vharihar is offline   Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Excise duty hiked for vehicles above 1500 cc! SumitB The Indian Car Scene 88 26th July 2013 19:58
ABS/TCS and Offroading sreerajunnithan 4x4 Technical 11 24th October 2008 14:30
Skoda TPI & vRS whats the TCS button? nanu28 Technical Stuff 29 17th October 2008 15:29
Mod ABS to TCS kochicar Technical Stuff 1 16th June 2008 15:28
Total Customer Satisfaction (TCS) Study - 2006 msdivy The Indian Car Scene 8 8th November 2006 18:13

All times are GMT +5.5. The time now is 16:24.

Copyright 2000 - 2017, Team-BHP.com
Proudly powered by E2E Networks