Friends i have a client who purchase Tea from Patent Tea Co. and Patent Tea Co is deducting TCS from last month(Sept) so is it mandatory for me to file TCS return?.
If yes so can I file TCS return of September?.
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TCS return
Replies (6)
Patent Tea Co. required to file return
You will claim it after they file TCS and fill your return as usal way
The person who deduct/collect tax at source (TDS/TCS) is required to file respective TDS/TCS returns. Person from whom tax is deducted/collected is not required to file such returns.
OK thanks friends
The TCS Collector ( Patent Tea Company ) is required to file TCS Return and only then your client will be able to claim it. Your client is not required to file any TCS Return.
But how would my client will come to know that supplier has filed his TCS return and where the refund of TCS will display whether in credit ledger or cash ledger?
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