My client is an ST individual, income exempted u/s 10(26) and running a petrol pump located in tribal areas. TCS is applicable for his purchases. his seller is asking for TCS exemption certificate. I understand that Form 13 cannot be applied in this case neither Form 27c is applicable.
Can my client apply for TCS exemption under 206(1c) on ccount that his income is exempted u/s 10(26)?
thanks a lot for your advice!
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Tcs u/s 206(1H) for ST individual
Replies (1)
No. That form is not for petroleum product. As such there is no specific form for that, but apply directly to your jurisdictional ITO for the exemption, on the ground that the assessee is in backward area, not liable for any tax liability u/s.10(26) of the act. If it is considered, much better; otherwise claiming refund by filing ITR is the only option left.
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