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What is section 206CQ
tcs on sec.206CQ can i claim tcs amount ..as refund
Replies (8)
There is no section 206CQ in IT ACT. section 206C is there
Sourav. one of my client 26as that section is shown tcs deducted by sbi bank. my client payment made to foreign relatives...
amount is 999092.50. tcs is 14955
what is the percentage of that tcs amount
tcs amount can refundable or not.
amount is 999092.50. tcs is 14955
what is the percentage of that tcs amount
tcs amount can refundable or not.
Section 206CQ is mentioned in 26AS for remittance made outside India under LRS Scheme (TCS collected under Section 206C(1G))
In my view, the assessee can claim a TCS refund in the ITR.
In my view, the assessee can claim a TCS refund in the ITR.
What to do tcs amount claim or not confused 😕
You can claim the TCS amount if it has been collected by the bank.
I Harshad Dalal senior citizen have remitted t
to my daughter, granddaugter and son in law
under RBI LRS as gift for birthday, anniversary
Diwali etc
Under 26AS section 206cq total Rs, 524304/-
Please advise whether have to pay tax as this amount is paid from Banks account and no income is generated.
What I understand have to pay @ 5% on totat amount remitted plus total amount of income earned for the financial year 31 St March 2021
2021 /2022
Thanks
But my client's 26AS shows TCS under Section 206CQ by a Bank. WEhat could this be?
my clients 26 AS shown Total amt Paid/Debited and Tcs U/s 206CQ please clarify paid and debit amount shown in Income from other source or not
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