15 May 2026
DEAR EXPERTS, A PERSON PURCHASED HEAVY MOTOR VEHICLE, AND TCS WAS COLLECTED AT THE TIME OF PURCHASE IN A Y 2025-26. THE ITR NOT FILED FOR AY 25-26. HOW CAN IT BE CLAIMED IN ITR 26-27. VALUABLE OPINIONS AWAITED
15 May 2026
You cannot claim TCS from AY 2025-26 in the return for AY 2026-27. The taxpayer must file a belated return for the correct year (AY 25-26) or, if the deadline is passed, file a condonation of delay request with the Income Tax Department to claim the credit/refund.