TDS/TCS Claimed and Refund received in previous year
This query is : Resolved
24 August 2025
WHETHER THE TDS REFUND OF INR.19620/- CLAIMED AND RECEIVED IN THE PREVIOUS YEAR SHOULD BE TREATED AS INCOME THIS YEAR (PURCHASE OF CAR)AND DECLARED IN CURRENT ITR ? AIS IS SHOWING UNDER TCS.
24 August 2025
Any refund received in preceding year is not the income, but interest part in it is the income to be declared in current ITR.
TCS appearing in AIS (collected by car dealer) can be claimed directly in ITR; it is not income.
TCS appearing in AIS (collected by car dealer) can be claimed directly in ITR; it is not income.
25 August 2025
You are welcome.
22 September 2025
Good luck..
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