If TCS is deducted for a transaction , is this a cost to the customer or customer can be adjust this amount just like TDS in final tax liability ?
sabyasachi ghosh (GM) (73 Points)
04 November 2016If TCS is deducted for a transaction , is this a cost to the customer or customer can be adjust this amount just like TDS in final tax liability ?
Rahul Shah
(Assistant Chartered Accountant)
(196 Points)
Replied 04 November 2016
Yes,TCS can be Adjusted like TDS against tax Liability while finalisation of return.
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