Can I ask my employer to deduct less tax, if I purchased a car and paid TCS

Tax planning 489 views 10 replies

Guest

I purchased a car on June 23 and paid around 14k TCS for it. I doubt whether I can submit its TCS certificate to my employer, like we submit other declarations like insurance or ppf receipts for 80C, so that they count this TCS amount as advance tax and deduct less tax from my salary as per the amount. Is this the right approach, or should I claim it later during the ITR filing?

Replies (10)

sabyasachi mukherjee

27922 Points Joined May 2017

NO.
WILL THIS CAR BE TREATED AS PERQUISITES

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

@ Sahil Gupta.,

Both is correct.
Choice is Yours...

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

Originally posted by : sabyasachi mukherjee
	NO.WILL THIS CAR BE TREATED AS PERQUISITES

Very well reply My dear Great expert Mr Sabyasachi Mukherjee Sir...

Thank You for Your attention to this query...

🙏🙏🙏🙏🙏

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

Originally posted by : sabyasachi mukherjee
	NO.WILL THIS CAR BE TREATED AS PERQUISITES

Very well reply My dear Great expert Mr Sabyasachi Mukherjee Sir...

Why we treat You as a GREAT EXPERT...??

Bcoz, As per above stupidity and uneducated level replies...

Who is treated personal Car as perquisite...???

Can't put blender replies...

We are irritated by You...

Caption like CMA PROFESSIONAL...

But, No activities like professionals...

Sharath chandra

Accountant

1227 Points Joined September 2015

Try giving details to your company. if it is closely held small company, they might consider it.

Guest

I am a govt. teacher in a state government

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

Originally posted by : Sahil Gupta
	I am a govt. teacher in a state government

Well...

Better to claim it later at the time of filing Your ITR....

Guest

Originally posted by : RAJA P M
	Originally posted by : Sahil Gupta I am a govt. teacher in a state government Well... Better to claim it later at the time of filing Your ITR....

Thank you so much for your valuable feedback.

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

Originally posted by : Sahil Gupta
	Originally posted by : RAJA P M Originally posted by : Sahil Gupta I am a govt. teacher in a state government Well... Better to claim it later at the time of filing Your ITR.... Thank you so much for your valuable feedback.