When buying a new car get this benefit
Most people in India don’t know this…
but when you buy a new car in India the government actually owes you money back.
Yes, a refund. And it’s already linked to your PAN.
Whenever you buy a car above ₹10 lakh, the dealer collects 1% TCS.
So a ₹10L car → ₹10,000 TCS
A ₹30L SUV → ₹30,000 TCS
This money is YOURS. You can claim it.
How to get it back?
1️⃣ Ask your dealer for Form 27D right after purchase
2️⃣ Check your Form 26AS while filing ITR
3️⃣ Make sure the TCS is visible
4️⃣ Claim it as refund or adjust it against your tax
That’s it.
No trick. No hidden rule.
Just a benefit almost nobody talks about. more
but when you buy a new car in India the government actually owes you money back.
Yes, a refund. And it’s already linked to your PAN.
Whenever you buy a car above ₹10 lakh, the dealer collects 1% TCS.
So a ₹10L car → ₹10,000 TCS
A ₹30L SUV → ₹30,000 TCS
This money is YOURS. You can claim it.
How to get it back?
1️⃣ Ask your dealer for Form 27D right after purchase
2️⃣ Check your Form 26AS while filing ITR
3️⃣ Make sure the TCS is visible
4️⃣ Claim it as refund or adjust it against your tax
That’s it.
No trick. No hidden rule.
Just a benefit almost nobody talks about. more
Viewed by 499
Yes — when buying a new car above ₹10 lakh, you pay 1 % TCS, but you can legitimately claim that amount back through ITR. Many don’t — but if you follow through, it is a real “benefit” the government owes you. more
Dec 03
Why not do this by default without asking for it? Make it mandatory for all dealres to give Form 27D. more
Dec 01
how to find out that dealer has deductedthe same since it may not show in the invoice for the car since if it is not there then where will it reflect so that we are sure that the dealer has charged that amount more
Nov 29
It is strange that the buyer does not know the deduction of TCS. The details of all the charges either for the car, the accessories or taxes has to be shown in the purchase invoice. It is a common sense to check these details in the invoice before making any payment of the big amount whether it is a loan or full payment by self. It is sheer negligence. No one can help such people. As for the dealer, not depositing the TDS / TCS is a criminal act by the dealer. There can be some such people who take the risk and do not do so and take the risk of a penalty by income tax deptt. more
Nov 29
