Easy Return

Planning to buy or already driving a car worth more than ₹10 Lakh? You might have paid an extra 1% tax called TCS (Tax Collected at Source) without even realizing it! While it might feel like an extra cost, here is the good news: this isn't a permanent expense—it's actually your money sitting with the government. When you buy that dream car, the seller collects this 1% and deposits it against your PAN. You can easily track this amount in your Form 26AS or AIS. The best part? When you file your Income Tax Return (ITR), you can use this amount to reduce your total tax bill or even get it back as a refund directly into your bank account. It is your right to claim it, so don’t let your hard-earned money go to waste! Save this post for your next tax filing and share it with someone who just bought a new ride!
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