Ashim kr Ray (social service) (1695 Points)
30 June 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 30 June 2017
Yes, but by filing IT return.........
After adjustment of tax liability, excess is refundable.....
Poltu Ghosh
(Job)
(1865 Points)
Replied 30 June 2017
Nitish Chauhan
(9 Points)
Replied 01 November 2017
sir i want to know if tcs is collected in current financial(e.g.2017-18) year then in which year i will claim it in the current assesment year's itr(i.e.itr for financial year 2016-17) or in the next assesment year's itr (i.e.itr for financial year 2017-18)
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 01 November 2017
@ Nitish Chauhan: TCS collected in FY 2017-18 is available for adjustment against tax liability of same financial year 2017-18, i.e. Assessment Year 2018-19. ( the TCS collected will reflect in your form 26AS for AY 2018-19)
Sunil Gagneja
(4 Points)
Replied 27 February 2018
Hi sir. I am a Governemnt Employee. I just wanted to know that the TCS collected, during purchase of car, can be claimed from the employer or during filing IT return only.
Sunil Gagneja
(4 Points)
Replied 27 February 2018
Hi sir. I am a Governemnt Employee. I just wanted to know that the TCS collected, during purchase of car, can be claimed from the employer or during filing IT return only.
Jith Alakkad
(2 Points)
Replied 27 February 2018
Sir, I sold a personal car during FY 2016-17. The buyer collected tcs. What are the adjustment required while preparing ITR 2
Raghavan
(Software engineer )
(31 Points)
Replied 19 July 2018
Sir,
I didn't get separate receipt for TCS when i bought the car , the dealer says the tax amount mentioned in invoice of car ex-show room price.
Is this enough to claim the TCS amount OR
still i need to get the receipt from the dealer.
Thanks in advance.
Raghavan
CAclubindia
