Friends i have a client who purchase Tea from Patent Tea Co. and Patent Tea Co is deducting TCS from last month(Sept) so is it mandatory for me to file TCS return?.
If yes so can I file TCS return of September?.
6 Replies
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 16 November 2020
Patent Tea Co. required to file return
ayusmita
(Tax consultant)
(5885 Points)
Replied 17 November 2020
You will claim it after they file TCS and fill your return as usal way
Narahari Palepu
(32 Points)
Replied 17 November 2020
The person who deduct/collect tax at source (TDS/TCS) is required to file respective TDS/TCS returns. Person from whom tax is deducted/collected is not required to file such returns.
Shivam RC
(Student)
(23683 Points)
Replied 17 November 2020
The TCS Collector ( Patent Tea Company ) is required to file TCS Return and only then your client will be able to claim it. Your client is not required to file any TCS Return.
Mohd Khalid
(493 Points)
Replied 17 November 2020
But how would my client will come to know that supplier has filed his TCS return and where the refund of TCS will display whether in credit ledger or cash ledger?
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