22/10/2026
Buying a New Car? 🚗 You Could Be Missing Out on Thousands in Tax Credits!
When you purchase a car worth over ₹10 lakh, the dealer collects 1% TCS (Tax Collected at Source).
But here’s what many buyers overlook — **this TCS can be claimed as a tax credit while filing your ITR!**
✅ Collect Form 27D from your dealer.
✅ Verify the TCS amount in Form 26AS.
✅ Claim the eligible tax credit in your ITR.
On a ₹15 lakh car, that’s ₹15,000 in TCS that could be adjusted against your tax liability or refunded if eligible.
**A smart car purchase isn’t just about getting the best deal — it’s about knowing your tax benefits too!**
Save this reel before your next car purchase! 📌
