You might not even realise but you might be losing out on your own money if you recently purchased a car. Every buyer pays full attention when it comes to securing the loan for their dream car, but what many are unaware of is that dealers collect a 1% TCS on the sale if the vehicle’s cost is above a specified limit .
And this money can be claimed as refund or adjusted against your total tax liability when filing the income tax return (ITR) for the relevant year.
