TCS adjustment

Ramesh (SVP) (72 Points)

27 November 2024  
  1. When one incurs TCS for money transferred abroad say for education. 
    Can the TCS so deducted be adjusted against the advance tax for the next quarter, once the TCS certificate is obtained or it shows in 26AS or AIS as TCS remitted to the tax department
  2. If not can it be adjusted against tax dues when filing returns or by March end for the tax year in question. 
  3. Is it the same for all forms of TCS deducted