Who is responsible for paying TCS on education fees, and how can NRIs claim it back in their tax filings? This is particularly relevant for NRIs who go abroad for education. Could you please create a video on this topic? This year, many NRIs will need to file for TCS on education fees, and I believe your video would receive a lot of views. Thank you, and I eagerly anticipate your new video on TCS reclaims for NRIs, including students and foreign workers.
Last point if income is tacable then use it as advance tax ....iske bare me bataye. Kya cut hua TCS hum future tax liability me monthly offset ni kar sakte....year end me hi return hoga kya cut hua TCS?
Nsc aur ppf me 1.5 lakh ki salary count nhi hoti kya jiski salary 3 lakh hai 1.5 lakh mani jayegi usko liye kya krna hoga itr bhrna hota hai ya apne aap ho jata hai
Thanks for detailed explanation. I have one question. Can we claim TCS of previous year ? For example a car was purchased on 31st March 2023 and missed to claim/file with ITR on June 2023. So is it possible to claim with this year ITR filing since there is any option to select year in the TCS claim form . Please let me know
Mene car 14,17000 ki purchase ki ITR bhrte waqt usme 26,34000 show krrha ha and TCS 26034 dikha rha ha to asi condition m kya krna chaiye please suggest me sir
What is the year of tax collection? Is it FY or AY. My 5% TCS was deducted on 20th Feb,2023. In the ITR, in order to claim back the tcs deducted, I have to enter date of tcs collection. Please tell me ,in my case is it 22-23 or 23-24.
Should I open a demate account in KKRMF institutional demate account or not? You was also asking about that on Twitter, what happened to you? Have you opened an account in kkrmf or not? is it save for opening account in Kkrmf? PLEASE HELP ME
Hello sir, if i am in a incometax slab then will i get refund of tcs after my tax has been fully paid or is it with IT department only for the future tax ??? Please help.
Sir if cash payment above 20000 done on which tcs ia collected by supplier than also whether it is also to added to income of assessee full amount although no deduction claimed as client is in 44ad...what is the treatment sir please help
हमारे इनकम 5 लाख से कम है। और हम बिजनेस करते हैं और जीएसटी नंबर नहीं है और हमें एजुकेशन के लिए कनाडा जाना उसमें टीसीएस लगता है तो हम टीसीएस रिफंड ले सकते और हमने कोई लोन नहीं ली है
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Bahut vadhiya jankari hai ji,
Thank you ji
THANK YOU SIR FOR RELEVANT INFORMATION.
Happy to help ☺️
Acha Explain krte ho sir aap❤
Thank you 👍
Who is responsible for paying TCS on education fees, and how can NRIs claim it back in their tax filings? This is particularly relevant for NRIs who go abroad for education.
Could you please create a video on this topic? This year, many NRIs will need to file for TCS on education fees, and I believe your video would receive a lot of views.
Thank you, and I eagerly anticipate your new video on TCS reclaims for NRIs, including students and foreign workers.
The person who is paying fees will pay TCS
And if can be taken refund after filing ITR if income is below taxable limit
Very helpful video
Thank you
Last point if income is tacable then use it as advance tax ....iske bare me bataye.
Kya cut hua TCS hum future tax liability me monthly offset ni kar sakte....year end me hi return hoga kya cut hua TCS?
There is no monthly tax liability in Income Tax at the time of ITR filing if there is something taxable then you can use this TCS as advance tax
Hello Sir
Whether TCS is applicable on sale of Hazardous waste by a factory.
No
@@CASumitSharma whether Hazardous waste not comes under scrap defination,
Kindly go through the article by tax guru
taxguru.in/income-tax/every-scrap-sale-is-not-liable-to-tax-collection-at-source-tcs.html
Tds and tcs kese help krta hai govt. Ko tax evasion ko stop krne mai?? Iss pr video banao
Because Already tax collected in advance
Taxpayers have to file ITR
Bhut sare log to TDS refund bhi nhi lete
Nsc aur ppf me 1.5 lakh ki salary count nhi hoti kya jiski salary 3 lakh hai 1.5 lakh mani jayegi usko liye kya krna hoga itr bhrna hota hai ya apne aap ho jata hai
ITR filing mandatory if gross income (before any deduction) is more than 250000
Thanks for detailed explanation. I have one question. Can we claim TCS of previous year ? For example a car was purchased on 31st March 2023 and missed to claim/file with ITR on June 2023. So is it possible to claim with this year ITR filing since there is any option to select year in the TCS claim form . Please let me know
Not possible
@@CASumitSharma oh is it . Thanks the reply. But is there any other option available to claim the same ?
sir can you tell about crypto taxes on crypto futures trades...can we have setoff on crypto futures trades..? in same coin ...
Very soon will upload detailed video
Mene car 14,17000 ki purchase ki ITR bhrte waqt usme 26,34000 show krrha ha and TCS 26034 dikha rha ha to asi condition m kya krna chaiye please suggest me sir
Dealer ko bol k update krwalo agar amount galat hai to
Sir what is the steps to follow to collect TCS or deduct TDS for rental income over 50k/per month from Tenant.
Need to file income tax return and if your income is below taxable limit then deducted TDS or TCS can be taken back as refund
What is the year of tax collection? Is it FY or AY. My 5% TCS was deducted on 20th Feb,2023. In the ITR, in order to claim back the tcs deducted, I have to enter date of tcs collection. Please tell me ,in my case is it 22-23 or 23-24.
TCS can not be taken Refund in this case
TCS collected from 1.4.23 to 31.3.24. Be taken Refund
Sir iron waste Scrap par TCS lagega agar turnover 10 crore se kam hai ,, or receipt 50 lac se kam hai please suggest sir
Yes
Kya lrs transaction me sirf itr-3 hi bhra jayega?
What is irs
@@CASumitSharma Liberalised Remittance Scheme (LRS)
Should I open a demate account in KKRMF institutional demate account or not? You was also asking about that on Twitter, what happened to you? Have you opened an account in kkrmf or not? is it save for opening account in Kkrmf?
PLEASE HELP ME
I tried to msg you on Twitter but couldn't
Share your contact details via casharma12@gmail.com
Pan defalt se tcs cut rah he wo return hoga kya
No
Make sure aapke Pan me update ho jaye
Jo TCS collection kr rha hai unse request krke TCS return update krwao unki
Very good
Thanks
Hello sir, if i am in a incometax slab then will i get refund of tcs after my tax has been fully paid or is it with IT department only for the future tax ??? Please help.
If tax or TDS already paid
Then excess amount can be taken Refund
Sir if cash payment above 20000 done on which tcs ia collected by supplier than also whether it is also to added to income of assessee full amount although no deduction claimed as client is in 44ad...what is the treatment sir please help
Need to check facts
Which section of TDS
@@CASumitSharma cash payment for service 70000rs. TCS 5%..no business income
AY 2023- 24 KA TCS AVAIL NAHI KIYA AND ITR BHI NAHI FILE KIYA KYA AB AY 2024-25 ME AY 2023-24 KA TCS AVAIL KAR SAKTE HAI
No
हमारे इनकम 5 लाख से कम है। और हम बिजनेस करते हैं और जीएसटी नंबर नहीं है और हमें एजुकेशन के लिए कनाडा जाना उसमें टीसीएस लगता है तो हम टीसीएस रिफंड ले सकते और हमने कोई लोन नहीं ली है
Yes
Aap कहाः se हों sir
SRI ganganagar Rajasthan
Oh@@CASumitSharma
Sir mera tcs charge cut hua h foreign remittance jisse cibil score bi effect hua pe and i m student sir plz help me to get solution
TCS can be taken refund after filing ITR after financial year end
Sir mere tcs ka me name se 70,000 ru cut gye .plz mujhe bataye ab mai Kya kru
File ITR and take refund if applicable after year end
good
Thank you
pls dont say DOSTOON again and again.
Otherwise good work.
Thank you
Thanks for your feedback