Calculate TCS

Direct Taxation

BMW India Ltd. sold 200 cars to Navneet Motors in PY 21-22 and total consideration received is 150 Crore total TCS ? U/s206C(1H)

Rick Y

CA Final

★ 2K+

28-Sep-22 19:36

576

Answers (2)

Best Answer

you have to collect @0.1% on over and above Rs 50 lakh

Yoga Vishnu

CA Final

★ 11K+

29-Sep-22 17:14

If i take assumption that all 200 cars have same value...i.e.75l So under this tcs will be {(75l-50l) +(75l*199)}*0.1% Or if the 200 cars have different values then (15000l -50l )*.1% Am i right or not ?? Plz confirm

Thread Starter

Rick Y

CA Final

★ 2K+

28-Sep-22 19:53