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
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Quick Summary
This discussion addresses a common query regarding Tax Collected at Source (TCS) appearing on a bill and in Form 26AS, even when the buyer has already deducted Tax Deducted at Source (TDS) on the same transaction. The consensus is that if TCS has been collected by the vendor and is reflected in your 26AS, you are generally eligible to claim this TCS amount when filing your Income Tax Return (ITR).

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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