how to pay tcs? Is it possible to claim tcs?
This query is : Resolved
G.Manjusha
(Querist)
05 May 2010
hai friends i have one doubt about tcs i.e., how to pay tcs to govt and is it possible that the assessee has the right to claim tcs at the time of filing of return. explain to me if tcs were not deducted from the customer.
05 May 2010
TCS is to pay as like TDS. You can claim TCS in his ITR like TDS.
If TCS is not deducted by customer, then you need not to worry. all the penal provisons will be attract to customer not on you.
If TCS is not deducted by customer, then you need not to worry. all the penal provisons will be attract to customer not on you.
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Ram Avtar Singh
(Expert)
05 May 2010
TCS deducter pay TCS just like TDS
TCS paid on purchase to be adjust with Income Tax Libility.
TCS paid on purchase to be adjust with Income Tax Libility.
05 May 2010
AGREE. PAY THROUGH ITNS 281
Rahul Gupta
(Expert)
06 May 2010
Agreed with the experts.
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