An NRI client paid a significant amount of TCS (£85,000) when purchasing a car in India. Since they have no taxable income in India, they are eligible for a refund of this TCS amount. The recommended process is to file an Income Tax Return (ITR) using Form ITR-2 to claim this refund.
14 June 2021
My client is NRI and he purchased car from showroom and paid TCS amounting 85000, He had no taxable income in india, How refund the tcs amount. ?