TCS 206CQ -Tax collected

Yes, you can claim TCS just like TDS, let there be refund of any amount,

Thank you sir for your quick response

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TCS 206CQ in your Form 26AS refers to tax collected at source under Section 206C(1G) on outward foreign remittances above Rs. 7 lakh under the Liberalised Remittance Scheme. The bank or authorized dealer collects this TCS at 20% at the time of remittance (reduced to 0.5% if the remittance is for education funded by loan). You can claim credit for this TCS against your total income tax liability when filing your ITR, so it is not a loss, just an advance tax collection. For the full rate table across all TCS sections and how to report TCS credit in ITR, this [TCS Section 206C guide](https://taxgarden.in/blog/tcs-tax-collected-at-source-section-206c-guide-india) covers each sub-section with practical examples.