A resident Indian salaried employee incurred TCS charges on a foreign trip booked through a travel agency. They are seeking clarification on whether this TCS is refundable and how to claim it. The advice provided is to file the Income Tax Return (ITR) and declare the TCS in the TDS/TCS schedule, which will then be adjusted against any tax payable or refunded.
02 July 2022
Dear Sir, I am salaried employee (resident Indian). I had gone on foreign trip through travel agency. They have shown TCS of Rs. 6938 in my 26AS on total tour package expense of Rs. 138760. Is this TCS refundable? How I can show it in my income tax return and claim refund? Please advise.