TCS appears in form 26as. that is sufficient proof to claim it.

Sir

Will TCS apply invoice value (i.e,Taxable value + VAT/GST) or Invoice value excluding VAT/GST

Kindly Reply

Aggregate value...

Unless GST separately mentioned.....

Dear Sir/Madam,

i have a situation, where the car is bought in last week of March 2018. The TCS is reflecting in my 26AS as transaction date as March 2018, and May 2018 as booking date. When i filed my ITR, the amount of the TCS was being reflected, where as the ITR Acknowledgement recieved is showing 0 under the "As Computed Under Section 143(1)" column. So the refund is shown as 0 now.

Could you please advise on the reason for not being considered and how can i file for the refund?

Regards

Recheck your form 26AS. If the TCS is credited in AY 2018-19, you may file rectification request u/s. 154 of IT act, and claim the refund.

Dhirajlal Sir, I claimed for TCS in my ITR, it is also reflecting in Form 26AS. Though I received Demand notice U/s 143(1) and "As calculated u/s 143(1)" column is mentioning TCS as 0 (zero) resulting in Tax demand.

Do I need to submit a rectification (but there is nothjing to rectify as my initial return itself is good) OR I can go to efiling portal, submit for Disagree with reason as Other (describing this). 

I claimed for TCS in my ITR, it is also reflecting in Form 26AS. Though I received Demand notice U/s 143(1) and "As calculated u/s 143(1)" column is mentioning TCS as 0 (zero) resulting in Tax demand."
 

Yes, there happens mismatch between TRACES and CPC for some last minute details.

As there is no change in details of ITR, you need not revise it.

But you will have to file rectification for 'Tax Credit Mismatch' (as soon as rectification window for AY 2018-19 starts operating on e-filing web) and attach a scan copy of form 26AS in support of your claim for refund.

Good Luck.... 

Thank you. I see in efiling portal that Rectificationis enabled only uptill AY 2017-18. When do we expect the Rectification window for 2018-19 will open 

Though not clarified...... but may be by next month....

Thanks for the quick response Sir. But as i notice there is no option available for filing rectification for the AY2018-19. Could you please advise.

Thanks

Many such affected tax payers are eagerly waiting for rectification window to be opned (for AY 2018-19)...... and even helpline is not able to clarify the reason for its closure, and when will it be facilitated !!!

You can get TCS amount (along with TDS deducted) adjusted against your tax liability and excess if any can be claimed as refund; provided it reflects in form 26AS.

Check your form 26AS, if TCS was deducted while purchase of specified goods like Car, it shoule get reflected in the form, and same can be claimed in ITR.