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TCS in bill and tds applicable
Hamari turnover 10 crore Se Jyada Hai aur hum Apne vendor se TDS Katate Hain Ek party ne bill mein TCS lagak aur vah TCS Hamare 26as mein bhi show kar raha hai jabki Humne use party se TDS Kata hai aur payment ki hai kya Hamen vah TCS claim karna chahie ya nahin kripya bataen
Replies (3)
Quick Summary
Yes, you are eligible for the TCS collected by party. Generally when TCS is collected, TDS liability doesn't exist on the same transaction.
My liability of TDS but one party levied TCS in bill and I deduct tds TCS amount is showing in my 26AS can I claim it
Yes, you can claim it while filing ITR.
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