TCS COLLECTION ON FOREIGN EDUCATION STUDIES REMITTANCE

I AM AN INDIVIDUAL.I HAVE REMITTED FOREIGN EDUCATION REMITTANCE THROUGH HDFC BANK LTD FOR MY SON OVERSEAS (SINGAPORE)STUDIES FEES.I HAVE PAID Rs.456657/ON 28-09-2022.THEY HAVE NO DEDUCTIONS IN MY PAYMENT MADE BEFORE.BUT NOW I REMITTED Rs.404797/ON 27-01-2023 NOW THEY COLLECTED @ 5% TCS UNDER SECTION 206C(1G)ON THE SAID AMOUNT IS Rs.20240/.MY QUERY IS MAY I DEDUCT THIS AMOUNT IN MY ADVANCE TAX PAYMENT IN MARCH 2023.
Replies (4)
Quick Summary
This discussion addresses an individual's query about deducting Tax Collected at Source (TCS) on foreign education remittance. The individual paid TCS on a recent overseas education fee payment and wants to know if this amount can be deducted from their advance tax payment. The consensus is that the TCS amount can indeed be claimed as a tax credit in the income tax return.

Yes, you can claim this as tax credit in your income tax return.

 

Regards,

Manoj

Yes you can claim TDS in your return.
Kindly in which section i claim this TCS Amount and there is any limit for this deduction...
Sec 206 and there is no limit on claiming for deduction

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