Tax collected at source: You have to pay TCS on bike, EV, car of more than this amount

The seller of a motor vehicle will collect TCS from the buyer if the value of the motor vehicle is over Rs 10 lakh. However note that TCS is not an additional tax and this amount can be claimed back at the time of income tax return (ITR) filing.

from Tax-Wealth-Economic Times https://ift.tt/XNwhqou