Claiming tcs u/s 206cl and lic proceeds tds claim on it return

Tax queries 3114 views 4 replies

HI,

I would like to know where in my ITR1 , online efiling I should show the amount of LIC survival benifit received during the year on a single premium policy, as LIC has deducted TDS of 10% u/s 194A , and I want to claim the same during IT return. I am not sure how to do that?

Secondly , I purchased a car and my dealer has collected TCS and the same is apperaing on my 26AS. I would like to claim that as well, but not sure where to show the amount and not if I have to show the car value in IT return, if yes , where? 

Kindly respond.

 

Regards

Ramachandran

 

Replies (4)

1. Offer income of the LIC proceeds (taxable) under 'schedule OS' & claim TDS

2. No need to show car in ITR1, just claim TCS amount....

Thanks for clarification. It helps. 

Regards

My Pleasure ... 

 

r/sir,  tax collected under 206CL when car purchaged, 

Amount Paid Debited=10000

and TCS Deposited=100 

can we claim 10000/- if yes,  where to fill for refund amount?

plz reply


CCI Pro

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