Car Buyers Can Claim TCS Refund on Rs 10L+ Purchases

When you buy a car in India that costs more than ₹10 lakh, the dealer takes 1% of the price as a tax called TCS.

This money belongs to you, and you can get it back.

To do this, you need to ask the dealer for a form called Form 27D right after buying the car.

Then, when you file your taxes, check a form called Form 26AS to make sure the TCS is listed.

You can either get the money back as a refund or use it to reduce the taxes you owe.

Many people don't know about this, so it's important to remember to claim your money.