Car Buyers: Claim Your TCS Refund! Don't Leave Money Unclaimed

• TCS (Tax Collected at Source) is deducted in India when buying a car worth ₹10 lakh or more.
• This TCS is the buyer's money and can be claimed as a refund by filing an Income Tax Return (ITR).
• Buyers must obtain Form 27D from the dealer as official proof of TCS deduction to claim the refund.
• When filing ITR, check Form 26AS for TCS details and include it to claim the refund, which is transferred to the bank account.
• Many car buyers fail to claim their TCS refund, missing out on potentially significant amounts.

Why It Matters: Readers can reclaim their own money from car purchases.