SECTION TCS-206CO

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Sagar Panchal (Querist)
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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

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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19 November 2021 For income u/h. PGBP; it will be declared under foreign tour expenses in P&L acc.

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Sagar Panchal

Sagar Panchal (Querist)
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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 ?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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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.

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Sagar Panchal

Sagar Panchal (Querist)
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22 November 2021 Thank you very much sir

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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22 November 2021 Most Welcome.

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