Tax refund on buying a car? Here's how much, who is eligible and the step-by-step process to claim it

Many car buyers in India are unaware they can claim a tax refund on Tax Collected at Source (TCS). Sellers deduct 1% TCS on vehicles over ₹10 lakh, which is adjustable against your tax liability or ...

Buying a car above Rs 10 lakh? Here's how TCS works and how to claim it while filing your ITR

Under income tax rules, when you buy a motor vehicle worth more than Rs 10 lakh, the seller is required to collect TCS at 1% ...
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The government gives you money if you buy a car worth more than 10 lakh rupees. Knowing this rule will benefit you

Recently, investor Ashish Kumar Meher shared in a social media post that dealers charge 1 percent TCS (Tax Collected at ...
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Buying a car worth over ₹10 lakh? All you need to know about 1% TCS and how to claim Income Tax refund

The TCS amount will, by default, appear in the 'Taxes Paid' part of your ITR for the relevant financial year. All you have to ...