it assess download 26as in f.y.20-21.
sec 206cq
name of the colllector:Axis Bank
total amount paid/debited rs:1,90,000/-
total tax collected:nil
total tcs paid:nil
question:
assess above transactions show in 26as amount treatment in books and it returns under it act.(income or expenses treatment)
Menu
Income tax query sec 206cq
Replies (1)
-
"Section 206CQ" does not exist as a section of the Income Tax Act.
-
The transaction is governed by Section 206C(1G).
-
The code is a banking/challan reference for TCS on foreign remittances.
-
Action: Record it as a TCS receivable/asset in your books and claim it as a tax credit when filing your ITR.
Recent Topics :
- PCIT-1 Thane Email address
- CA Fees deduction for non audit case allowed?
- 5th Letter PAN Mismatch with Surname issues still
- Criteria to hire an article
- Guidence requested for a Finance Professional with
- Expert Opinion Required – Form 140 Gross Amo
- WRONG TAX DEMAND - formal responses , rectificatio
- Foreign remittance
- Affordable Residential Flats in Gurgaon
- Manufacturing
Related Topics :
CAclubindia
