N satya krishna (Tax Practitioner) (57 Points)
25 September 2018REFUND 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.
pinky agarwal
(student)
(137 Points)
Replied 25 September 2018
N satya krishna
(Tax Practitioner)
(57 Points)
Replied 25 September 2018
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.
pinky agarwal
(student)
(137 Points)
Replied 25 September 2018
febin k paul
(2 Points)
Replied 24 October 2018
N satya krishna
(Tax Practitioner)
(57 Points)
Replied 24 November 2018
yes it is resolved automatically. I did nt done any thing. Department itself rectified
Rajesh Kannan
(Working)
(46 Points)
Replied 16 April 2019
Hi Satya Krishna,
Have you got your TCS fund back.
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