206CP which head in ITR
This query is : Resolved
28 July 2022
My sister took an educational loan. So in her 26AS I can see tcs on the same under 206CP and CQ. Under what head of income should I show the same in ITR?
29 July 2022
No. Its not for any income declaration. It only gives indication for education loan taken and the amount remitted under LRS for the education fees and related expenses.
She can file her return with whatever income she earned or accrued to her in India, in the relevant year, and claim the TCS amount against her tax liability. Excess can be claimed as refund.
She can file her return with whatever income she earned or accrued to her in India, in the relevant year, and claim the TCS amount against her tax liability. Excess can be claimed as refund.
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