TCS (Tax Collected at Source) Full Details with Rate, Refund of TCS, Section 206 CA Sumit Sharma
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- Опубликовано: 5 сен 2024
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Hello Friends
in this video we have discussed about TCS (Tax Collected at Source)
• All About TDS Rates|| ...
👆👆👆👆👆👆👆👆👆👆👆👆
All about TDS
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what is TCS
what is Tax Collected at Source
what is form 27EQ
what is certificate 27D
tcs return file date
tcs payment date
tcs return kya hota hai
all information about tcs
tcs on tendu leaves
tcs on scrap
tcs kya hota hai 2021
what is tcs 2021
tcs on car purchase
tcs on bus truck purchase
TCS on education fees
tcs on alcohal
tcs on timber wood
tcs and income tax relation
Benefit of tcs
Why tcs is collected?
All about TCS
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DISCLAIMER ********
This video is merely a general guide meant for learning purposes only. All the instructions, references, content or documents are for educational purposes only and do not constitute legal advice. We do not accept any liabilities whatsoever for any losses caused directly or indirectly by the use/reliance of any information contained in this video or for any conclusion of the information. Prior to acting upon this video, you're suggested to seek the advice of your financial, legal, tax or professional advisors as to the risks involved may be obtained and necessary due diligence, etc may be done at your end
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very nice
aapke saare vedio bahut knowlegeful he or bahut aasan bhasa me he
Glad to hear 💖
Great going sir...
30k subscriber very soon ❤️
Thanks 😊
Superb vdo 🎉sir i saw many videos but i did not find the perfect difference between tds nd tcs but this vdo give me knowledge about this in simply
1:02 min
God bless you 😊 sir 🙏
Glad to hear
Thank you
It's really Awesome Video 🤜🤛
Thanks ☺️
Thank you so much Sirji, Tcs is fully clear now 😊😊
Glad to hear 💖
Very easy explain for tcs regarding all doubt clear thank u so much sumit bhiya ❤
Always welcome
Thanks 👍
Best ever video Sir 🙏🙏
Thanks Vinod ji
Great video sir
Bapu ji ko share krta hu
Haha
Thanks
You’re way of explanation is very nice
Thanks dear 😊
Good information sir 😊
Thanks bhaji
Good
Thanks Yadav saab
Great info. Sir ❤️❤️
Thanks mohit bhai
Great
Thanks Singh saab
You have not mentioned regarding TCS on Overseas tour package. Is it leviable on foreign tour.Ifso , what is TCS percentage and can it be adjusted/ refunded while filling ITR? Pl confirm.
Yes
My Bank has not deposited full amount of TCS to the government. What should I do ? In my 26AS , TCS deposited is showing very very less.
I paid 10lakh international and my tcs cost is 8000 what should I do sir
Same here 😢😢
Sir aapki Video tho bahut aachi hoti hai but aap Ek Link jo hai wo Telegram Par bi Send kar dijiye sir or Kuch Income tax Tax evasion kaise karte hai log or Gst main tax Envision karte hai us par bi Video banaiye sir jisse or bi aachi Jankari mill sake Bahut badiya hai sir aap rajasthan se hai main rajasthan se main jab jab aapki video dekhta hu mujhe lagta hai ki humre bade bhai humhe aachi or sahi chiz bata rahe hai sir CA Exam ki bare main bataiye kaise tyari kare kuch Notes dijiye sir main bi CA Ki tyari kar raha hu
Sir 1 video with parkati call GST TCS TDS ka dal do na
Will try
Thankyou sir for sharing your valuable knowledge.. Sir can you plz make video on income tax filling if I run 2 business
Sure
Let the first start ITR filing of ay 23.24
Sir me agle saal pheli bar income tax bharunga. Kya mujhe is saal bhi advance tax bhrna hoga.
Agar tax 10,000 se jyada banega to bharna pdega
Sir 15 March se phele eksath bhar sakte h kya.
Advance tax bharne wale ko bhi ITR bharni padti h kya. Me direct ITR bhar sakta hu kya.
Hi Sir, I am not a income tax payer and I am transferring money more than 7 lakhs under LRS (international transaction) TCS collected around Rs 17000 in 18/05/24, can I claim the TCS amount and which year to file ITR and when to claim?
Thank you, please help to provide valuable reply.
FY 24.25
AY 25.26
After 31.3.25 after filing ITR
TCS can be taken refund
मैं अगर किसी दूसरे देश मे एटीएम से कैश निकालता हु तो क्या मुझे भी TCS देना होगा और कितना देना होगा
No TCS
Tysm sir really helpful video sir
Glad to hear
Tax on dividend income is based on income slab rate or not
Yes taxable as per slab rate
Under income from other sources
One scrap business unke TCS kata hua how filing itr which itr form and unke gross business 5300000/- how filing it
Itr 4 if want to show presumptive taxation
Or itr 3
Very good video CA sir
Thanks bhai jaaan
SESSION 2020-21 KI BALACE SHEET KI CURRENT ASSETS ME TCS ON PURCHASE AMOUNT KO SESSION 21-22 ME KESE WRITTEN OFF KARE
Namste sir, I'm State Govt.salaried person. In financial year 2022-23,in a month of April-2022 I bought a car by paying 1%TCS to the dealer, Due to less Income category as per Income tax department, No tax is issued to me in this FY-2022-23. How and when should I get refund of the paid TCS amount?
Total Amount
Paid /
Debited- 326,844.61
But tax collected is 0 . Do i need to pay sir?
No need
Background Change why bro ?
Yes bro
With green screen background you can add any pic video on back...
But i haven't added
In next Video will try to utilise the green background
Sir TCS 7 LAKH KE ABOVE KE AMOUNT PAR LAGTA HAI YA PHIR OVER ALL TOALL AMOUNT PAR? LIKE- 15 LAKH KA INTERNATION DEBIT CARD TRANSACTION HUA TO TCS 8 LAKH PAR LAGEGA YA PHIR 15 LAKH PAR.???? AND TCS kitna claim kar sakte hai ?? TCS WITHOUT ITR FILLING BHI BHAR SAKTE HAI KYA?
Too good 👍
Thanks 😊
Hi, since last 4 months I am facing problem.please help me. I am petrol bunk dealer. Previously I worked as software engineer. From July 10th 2022 onwards TCS 5% collecting from me on every invoice (load). That means 60000 rupees extra on each load. For 2 months it's 13 lakh rupees TCS collected from me. Reason in my PAN it's showing like specified person. I have not filled IT returns. That Time my TDS is more than 50000(175000). Now I filed all pending IT returns on 21 Oct 22 . I also got refund for latest year. But previous years returns not processed Still TCS is 5% . Usually its 0.1%. i stopped my business(bunk) since 45 days. Please help me to come out from this problem.
Nice video sir
Thank you
hw to calculate tcs interest for late payment of challan
Sir,
Please let me know if we fail to pay collected TCS to govt.and faild to file return.What is the penalties?
Hi Sumit, I went for a Maldives trip and TCS is collected by the travel package company and they have shared the TCS pdf as well. While trying to file the ITR, its asking for TAN of Collector *
Name of Collector *
Total Tax Collected *
₹
6,450
Tax Collected claimed for this year
6,450
TAN of Collector *
Name of Collector *
Total Tax Collected *
₹
6,450
Tax Collected claimed for this
Expenditure against which TCS was deducted *
Financial Year in which TCS was collected
Financial Year in which TCS was collected...My query in here is that in Expenditure against which TCS was deducted *, what amount I should add
5 lakh se kam ki sell hue toh tcs nahi kat ta online sell karte hai jewellery
Hi
do you help in filing income tax return for ITR2? If so, how to connect with you?
casharma12@gmail.com
8875042000
Hi, I have bought a Car in Feb 2023 and TCS was collected. As reflected in Form 26AS, date of transaction is 10 Feb 2023. But while filing ITR it is asking for "Year of tax collection" where 2023 is not listed in the drop down list. What can I do to claim the Refund on TCS
Take 2022
मेने मार्च 2023 में कार खरीदी हैं.... अब में itr भरते समय उसे क्लेम करना चाह रहा हूं परन्तु tax of collection year में 2023 ही नहीं आ रहा हैं...क्या ड्रॉप डाउन में 2022 सेलेक्ट कर सकता हूं ???? 26 as में tcs शो हो रहा हैं
Take 2022
@@CASumitSharma 19 मार्च 2023 को कार खरीदी हैं, 26as में ट्रांजेक्शन डेट 24 मार्च और डेट ऑफ बुकिंग 19 अप्रैल आ रही हैं....2022 सेलेक्ट करने पर कोई प्राब्लम तो नही होगी ना सर जी
What is limit for scrap sale amount for TCS
1%
Sir, Great efforts!
Please let me know if I bought a Taxi Car worth INR 12lac (with Car Loan) and TCS deducted 12K, and I attached my vehicle (Car) to Travels and Monthly TDS is deducted.
TDS and TCS are deducted. If I've to file ITR under which ITR I've to file like ITR1, ITR2, ITR3, ITR4.
Please suggest me.
Better to file ITR 3
Good sir👍🏻👍🏻
Thanks
What about foreign purchase....is there any tcs in these type of purchasing
Foreign purchase means?
Foreign remittance
Foreign tour
Foreign currency purchase?
Sir car ya heavy vecle dealerships jo purchase karte hai un ka tcs kaisa hoga
Sir in 26as figure shown 683242 without deduction of tcs return less than 5.00 lakh where to show this figure in ITR-4?
Nice sir
Thank you 👍
Sir thanku 🙏 I have a small dout. Sir under section 206CL which itr form should be selected plz clarify the dout...
No specific form
Select itr form as per your income type
Sir pnb net banking se abroad me medical education fees pay karne par tcs charge lagega kya
If above 7 lakh then yes
TDS 194G & tcs 206CR MIN KON SA FORM LAGEGA
3
मैं सेलरी से 12 लाख 50 हजार की कार खरीदी, बेटी के नाम बेटी कुछ भी नहीं कमाती TCS REFUNDED के लिए बेटी को ITR का कौन सा नम्बर फार्म भरना पड़ेगा।
File ITR 1
Show some income from other sources
Mls money loo ted at source
Plz sir how can I deduct tcs international stock?
I do a recharge of my apple store wallet each month so that my subscriptions (Storage, Music etc.,) stay intact. My back has reported the total amount for the year under TCS 206CQ although GST will be collected for each subscription individually. Not sure what needs to be done here.
Nothing special
Actually its a kind of foreign remittance
You need not to consider this amount if filing ITR 1
And any TDS deducted can be Taken refund if applicable
Sir I have purchased a car of 18 lakh I paid around 15000 tcs can I get back that by filing itr .. showing income less than 5 lakh
Yes dear you can take refund of that in your case
Tax collected by collector is 1300 in form but tax deposited is showing 00 and F in summary . Why, is that error in new form ? Mtalb ki tax collector ne tax deposits car diva hai ya nahi , if no then can I apply for return ? Thx
Very imformative video .thanks for giving such valuable imformation.Sir mai ak saleried person hu meri income 4.60 bni h after 80 c deduction but last year mujhe ak 74000 ka buisneess income ka cheque receive hua h jis pr 700 tax b deductor ne deduct kiya tha jo ais me b show kr rha h to kya to ab kya 70000 meri income me add hoge means meri income 5.30lakh ho jaigi ya 4.60 hi rhegi ...pls reply sir
Love u sir 😘
sir maine 2019 november me ek gaadi khareedi jo ki 12 lakh ki mujhe total padi par abhi tkk mera tcs refund nhi hua hai
main kyaa krr skti hu apna refund paane k liye
please guide kariye
Sir 15lakh ki car main 15000 tcs lag raha. Aur maine last 3 year se itr file nai kiya hai.
Im in below taxable income group.
Mujhe kya karna chaiye pls help.
Is year TCS collect hua hai
ITR file krke refund le lena
After year end
Sir i m student,tcs applied on my account is too much i have done transactions due to which it cut and my account is in minus can it will be NIL
After filing ITR TCS can be taken refund
Overseas Tour Package TCs to be applied on total amount including Gst or Only Taxable Value
As per rule only taxable amount
Without GST
FY 2021-22 me car lene pe TCS 10k + liya tha ...kya ab refund mil sakta hai... Tell the process please... Sath me 2022-23 ka tds bhi refund karana hai
21.22 not possible
22.23 possible
@@CASumitSharma thanks for prompt reply
Income is Rs.5,69,170 and tax is payable and tcs is collected under 206q of Rs.14,491 on foreign fees paid is this refundable?
How Much Tax Payable?
Sir agar koi traveling karneh jatah hai uska TCS collect or claim karsak tah hai?
Hanji
Very informative video
Thanks ☺️
Sir main car lia tha aur TCS rs 11290/- lia hai dealer ne. 1 month ho gaya hai abhi tk 26AS mei show nahi huwa hai,but mera e filling ho gaya hai. Mereko ye kb tk return mil sakta hai. Next year ya fir se filling karna parega
Is TCS APPLICABLE on interstate TRANSACTIONS?
States doesn't matter
Hello sir.. My TCS charges are deducted due on international transactions for my college fees.. Can i refund it? Plz help me out
Yes
After filing ITR
@@CASumitSharma can u help me out plz
@@CASumitSharma in how much time it will get refund?
Sir mne gadi apni mata g k nam pr liya hai and gadi ka payment and emi me khud pay krta hun to tcs return mre itr me hoga ya mre mata g ke ....
Mata
Jinka Pan card diya tha gadi lete time
@@CASumitSharma ok sir
I purchase jewallery 1000000 + gst 3% 1030000 what is tcs amt
Sir, is TCS applicable per PAN card or per bank account? Like if i do international transactions using my forex card from different banks so how will my tcs be collected? If i ransact more than 7lakh per bank so that bank will deduct tcs or if per pan card i transact more than 7 lakh someone will collect tcs?
As per my understanding its per bank
@@CASumitSharma sir after 7 lakh will tcs will apply on every transaction
For foreign remittance
@@CASumitSharma so tax will be levied on evry international transaction. Sir but my income is note more than 2.5 lakh but i ony did transaction of 20k or 30k.many times how can i get refuns
I withdraw my friends money outside India it exceeds 7 lakh now my account got 20k negative due to tcs on it. Now my question is do i need to pay that amount or just leave the account. Or shall I pay the amount and apply for refund since I'm jobless and no income earned on entire year.
Same question . . Now I don’t need my sbm bank account , should i pay 5000 ₹ or not . And is there any problem if i will not pay this amount in my bank account
Sir mai ek salary person hu mera annual income 15lakh se jyada h maine ek car buy kiya hu 10lakh plus ka jiska 1% tcs kat liya h mujhe income tax return file karne pr tax collected at source ( TCS ) as pr from 27D me show kr rha to kya kre kya mai return le sakta hu kya
Yes you can take refund of this tcs amount after filing itr
I have made international transactions above 7 lakh , therefore bank collected 5% tds any amount above 7 lakh. So total deducted 14k this month July 2022.
When I have to file ITR for this claim ?
I am not in income slab
After 31.3.23
After filling ITR of AY 23.24 all amount can be taken Refund
So you have made transaction at binance????
Hi Sir, In my form26AS under "Details of Tax
Collected at Source" it is showing from KOTAK BANK
LIMITED with Total Amount Paid/Debited Rs.1700
but Total TCS Deposited Rs 0.00 . In my case iam student my income is not taxable i have made debit card tnxs then what to do sir please guide me
If you income is below exemption limit
You need not to file ITR
You can ignore that transaction
@@CASumitSharma Tq for the Replay sir
Resp sir
One persone dr wark of afginistan is forener in london her all money transfer of r.b.i. he told one hospital make in india . Now need her tax money big amount 3lucks . He asked to healph that tax money at lone her accunt is open and start then he all pade me . The tax is perfect or fack . Pl reply .
Didn’t get your query
Sri iGST barwane Ki date kab Hoti h kab tak barwha. Sate h
Monthly pay krna hota hai dear IGST
baki depend krta hai aaapki category and many other factors pr
my client tcs does refinded fully how to take tcs refund fully
Sirji mera TCS debit hua hai par me student hun to fir me TCS ka refund kese apply kar sakta hun
Nil itr file krdo
Ya kuchh income dikha do
Sir, we paid 16241 as TCS while purchasing car in Feb 2021. Car is on my mother's name. She has annual income of 80000. Not liable to pay tax. Will I get refund of 16241 by filing ITR of my mother for AY22-23. Form 26AS is not showing the TCS amount. What to do?
Dear Feb 21 TCS should have claim In AY 2021.22 ITR
The due date for the same was 31st march
Sorry to say now you can't take refund of this TCS amount
Thank you for your informative videos. They really are very useful. A question: In the ITR portal I found bank information already updated maybe from last year and they are all showing "Validated." I added another bank account and that is now showing as "Validated and EVC enabled ". Now when I clicked on the three dots on each bank information to see "View bank details" they are showing 'validation in progress' in one account or in another account 'kyc not updated' etc. but if I do NOT click on the ' view details,' then all are showing "Validated." Now is this alright? can I submit the ITR form now and will I get refund? Or do I need to revalidate them? Please please reply. Thank you.
You can file your ITR and select the bank account which is showing validated
@@CASumitSharma thank you so much.
Most welcome ☺️
Nice video.
Thanks 👍
Dear sir mene international transaction kiya tha online 790,000/-
Ka to Mera bank me 4000+ TCS deduct kar liya kya wapas milega
Kya karna padega iske liye
Year end hone k baad ITR file krke Refund le sakte ho
bro i used my debit catd for 7lakhs transactions in this month, my bank deducted 900 TCS, is how much percent it may cut in the future or is there any certain limit exceeding to get that tax?
Same here 😢😢
Sir can you tell me if iam not filing itr then in that case what percentage of tcs i will have to pay while purchasing a car worth 15 lakhs
Same 1% for ITR filer or non filer
@@CASumitSharmasir some showroom are asking for 5%
Hello, Can I claim TCS refund for a booking that I cancelled after invoicing? Dealer claims that he has deposited the amount and that it cannot be claimed back. Please let me know
If its showing online in form 26as
Then it means you have already paid that amount..
If the dealer has revised their TCS return and not showing online in form 26 as then you can't
@@CASumitSharma Thanks for your quick response
Sir my bank deducted tcs 1700 which is debit card tnxs shows in ais n form26as and in my case my income is not taxable then what to do sir and iam a student
If you want to take refund of this TDS amount then ITR filing become mandatory
If you your income is less than basic exemptions limit and you don't want to file income tax return then it's not mandatory
Sir ji Tcs ka refund 2nd quarter me le sakte hai ?
No
Only after filing ITR after year end
Sir Maine car purchase ki thi 1155000 ki or m itr file Kar rha hu to tcs 11550 refund show Kar rha h to ye muje jma krana pdega kyo please tell me sir
Wpaisa aayega
Agar TCS amount kam jama ho kya karna chahiye
Wo samne wale ki tension hqi
I do international transactions of 7 lakh above .and its take tcs 5% which 2249.
Is this refundable or not ??
Refundable
If overall income below 5 lakh
This year April to June 2023 mai kiya transition..toh mujhe 2023-2024 mai ITR file Mai krna hoga refund ke liye ..next year ITR mai ..
Sir refund humare bank account mei ayega? Or nxt year ayega ya same year jb itr file ki?
ITR file krne k week se
Month tk aa jayega
Aapke given bank account me
@@CASumitSharma sir just one more que if its foreign remittance of 650000 inwards tob b tax lgega? If i m student?? Isme bhi tcs lgega?
No
Only on sending money
@@CASumitSharma ok so u mean money inwards mei no tax?
Yes
TCS ki return b brni sikaye
my mother want to send money to me and she is not working. I calculated TCS will be around 5 lakh rupees. Can my mother get 5 lakh refund(total)?
Not total
TCS 1% is collected
So after filing ITR TCS can be refunded
Brother mera foreign payment pe 76520 pe 5% means 3826 TCS liya tha paul merchants ney.. woh muje kese wapis milega. ?
After filing ITR
Maine sir other country transfer ki thi payment uspar tcs lga hai kya refund le skta hu
After filing income tax return refund of TCS can be claimed
Mera TCS Varun Beverages s cut hua h kya refund ho skta h
Yes if Income less than 7 lakhs