Adjustment of TCS
This query is : Resolved
16 December 2008
Can a company adjusted TCS Amt.from his income.
companys product is paper
he purchase fire wood charged tcs on bill
companys product is paper
he purchase fire wood charged tcs on bill
16 December 2008
Yes, TCS is also adjusted like TDS against your tax liability while preparing your return.
16 December 2008
Please note - Material purchase (TCS Involved) is not a raw material
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