Government Refund Uncovered: How Car Buyers Can Claim Up to Rs 50,000 TCS Cashback Easily
Business
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News18 Kannada•01/12/2025
Government Refund Uncovered: How Car Buyers Can Claim Up to Rs 50,000 TCS Cashback Easily
- •Get a refund of up to ₹50,000 on new car purchase.
- •1% TCS tax applies to cars worth over ₹10 lakhs.
- •Ask for Form 27D from the dealer for TCS certificate.
- •Claim refund via Form 26AS during income tax filing.
- •Refund applies to personal and company cars over ₹10 lakhs.
Why it matters: You could get a refund of up to fifty thousand rupees when buying a car over ten lakhs.
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