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Sec 206c(1H)
if seller deduct tcs as per 206C(H1) then buyer can claim credit of it.
Replies (4)
Quick Summary
Yes, if the seller collects tax at source u/s 206C(1H), the buyer (having PAN) can claim credit of it by adjusting against tax liability at the time of filing of ITR.
Thank u any other liability on behalf of seller.and some company wants a declaration from buyer regarding non applicability of 206CCA is there anu liability to give such declaration that SEC 206CCA is not applicable on it of tdz and tcs does not exceeds 50000
Last 2 year's ITR confirmation and check on 50k limit can be verified from the portal itself. Declaration can act as a backup doc if the portal does not function due to any technical glitch.
Thanks alot for ur guidance
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