SECTION TCS-206CO
This query is : Resolved
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19 November 2021
RESPECTED,
KINDLY HELP ON THIS, AIS SHOWS TRANSACTION RELATED FOREIGN PACKAGE BOOKING IN SECTION TCS-206CO AND TCS DEDUCTED ON THIS. IN INCOME TAX RETURN THE INFORMATION SHOULD MENTIONED IN WHICH COLUMN, PLEASE GUIDE ON THIS.
REGARDS
KINDLY HELP ON THIS, AIS SHOWS TRANSACTION RELATED FOREIGN PACKAGE BOOKING IN SECTION TCS-206CO AND TCS DEDUCTED ON THIS. IN INCOME TAX RETURN THE INFORMATION SHOULD MENTIONED IN WHICH COLUMN, PLEASE GUIDE ON THIS.
REGARDS
19 November 2021
For income u/h. PGBP; it will be declared under foreign tour expenses in P&L acc.
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19 November 2021
Thanks Sir,
and the tax deducted will be refunded as the income is not taxable of the person. Sir, no provision to mention in Income tax return this transaction ?
and the tax deducted will be refunded as the income is not taxable of the person. Sir, no provision to mention in Income tax return this transaction ?
20 November 2021
Yes, TCS deducted would be refunded, provided no tax liability in ITR filed,
No other provision to declare such transaction; for entities having no PGBP income declaration.
No other provision to declare such transaction; for entities having no PGBP income declaration.
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22 November 2021
Thank you very much sir
22 November 2021
Most Welcome.
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