Hi Team,
There was a TDS deduction on the purchase of vehicle. As an individual who pays income tax, can I claim this as refund during the efiling of my returns?
Please advise.
Thanks,
Manju
Hi Team,
There was a TDS deduction on the purchase of vehicle. As an individual who pays income tax, can I claim this as refund during the efiling of my returns?
Please advise.
Thanks,
Manju
Yes,
Assesse could be claim filing of Income Tax return.the 26AS would reflect the TCS /Tds collected from the assessee and thus it will be ajusted from his total tax liability and he'll just need to pay the balance amount.
Thanks so much for your reply. It helps.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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