Tax collected at source

This query is : Resolved

Krishna (Querist)
Follow

14 December 2013 please tell me due date of depositing TCS by seller to the credit of government and also due date of filing TCS return Also help me to know whether TCS credit is available to purchaser?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
Follow

14 December 2013 1 week from the last day of the month in which collection is made.

quarterly return has to be filed. Cut off dates are 15th July,15th October, 15th January and 15th May of next year respectively.

Buyer can avail credit vide section 206C(5) of the I.T Act,1961.

CA SIDHARTH HIRALAL PATNI

CA SIDHARTH HIRALAL PATNI (Expert)
Follow

14 December 2013 Agreed with the expert.
Dates are same as relating to deposit of TDS and Return.
Purchaser can take credit of TCS while filing his income tax Return

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Anoop

Vidit Ratanghayra

Rasheed Mohd Abdul

Choudhary

Raj Gupta

Subscribe Now

Tax collected at source

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Article Assistant

Manager- Finance and Compliance

CA Final

GST CONSULTANT

Accountant

GST CONSULTANCY