Bought car in last year ? Get Tax Refund !

If you bought a car in the past year, you might qualify for a tax rebate, especially if the vehicle's ex-showroom price exceeds 10 lakh rupees and is subject to TCS (Tax Collected at Source). TCS is collected at sale and paid to the government. If you have no tax liability at the financial year's end, you can claim a refund for the TCS amount, benefiting those with incomes below the taxable threshold or with tax-saving investments. Consult a tax professional to ensure you're eligible for any refunds.

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