1% TCS on Cars Over ₹10 Lakh: A Prepaid Tax Credit, Not an Extra Cost

Under Section 206C(1F), dealers collect 1% TCS on motor vehicles above ₹10 lakh. The amount credits to your Form 26AS and offsets your ITR liability—excess triggers a refund.

bt-corporate · 7/11/2026, 12:30:35 PM · Ask about this →