Refund of tcs
This query is : Resolved
18 March 2017
Last year in may i own a innova crysta (Ex showroom price-1775838/-)
So the TCS is around 17750/-
Tell me how is refund this amount?
So the TCS is around 17750/-
Tell me how is refund this amount?
18 March 2017
while filing your current year income tax return mention amount of TCS which you have paid, if your total tax liability is less than amount of TCS you will get refund of difference amount for eg : - you have paid TCS of Rs.17750 let us suppose your tax liability is Rs. 15000 you will get refund of Rs. 2500 on the other hand if tax liabilty is suppose Rs. 20000, TCS of Rs. 17750 gets adjusted against same and balance is to paid.
Crux is for claiming TCS you have to file ITR
Crux is for claiming TCS you have to file ITR
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