If you bought a car costing over Rs 10 lakh, you probably paid 1% extra as TCS. That money isn’t a tax you lose — but many buyers don’t realise how or when it actually comes back.
New Delhi: The Income Tax Department has announced the deadline for filing TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) correction statements for the financial year 2024–25.
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