REFUND OF TCS
I filed return which contains TDS & TCS refunds of rupees 8000 and 12000 respectively. But after assesement I only got TDS refund of rupees 8000 and TCS refund is not given to me.
Why what is the reason for that, can I get that refund by filing a revised return?
The TCS amount is the amount which is collected during purchase of car.
I have seen the intimation notice, the TCS amount is not considered as per 143(1) computation. Only TDS amount is considered, and net amount after adjusting tax payable is refunded. Please see the below image.
yes it is resolved automatically. I did nt done any thing. Department itself rectified
Hi Satya Krishna,
Have you got your TCS fund back.
CAclubindia
