12 April 2019
Sir I am transporter co.i have purchased a car and tcs is collecting same at the time.i have filed in previous 2 years itr4 form,but now for claiming of tcs amount which itr form I should have to file for tcs refund and if you suggest to opt me a itr3 form wheather I have to shown in the dep. Chart coloumn also or not kindly reply me
12 April 2019
In which financial Year you have purchased the car???, if the car is purchased before FY 2018-19, then you could have shown the TCS details in that years ITR itself and claim refund for the same if eligible. The ITR applicable to you based on your income may be filed with TCS and other tax paid details. It's not necessary to show the car as fixed asset as the car need not be your business Asset it can be your personal asset also.