Answers On Topic: TCS
  Applicability of TCS on foreign remmitance
if a non-resident Indian residing in America transfers money from his own NRO/NRE A/c in India to his own bank A/c in America, whether provisions of TCS will be applicable?


► Read Answer

  Filing Return by Condonation of Delay and Getting Refund of TCS
I am a person having only Agricultural Income. I have a TCS credit of Rs 1,00,000/-. But I could not file the return before the due date or extended due date. Is there any possibility to get the delay be condoned and the refund of the TCS Credit


► Read Answer

  When an assessee buys and sells unlisted shares for trading if it exceed the prescribed limit is he liable to deduct TCS ?
I am buying and selling unlisted equity shares for more than Five years. In view of circular no. F. No. 225/12/2016/ITA.II dated 2nd May, 2016, I am treating the gains/losses thereon as Capital Gains. I have been consistently been following this system of treating trades in Unlisted shares as Investments and Capital Gains. For year ended 31st March, 2021 my sale of unlisted shares exceeded say 12 Crores. My business turnover from FNO in Listed shares is less than say 3 Crores. As I showing trades in Equity Shares as Capital Gains my turnover from Business is less than 3…


► Read Answer

  Whether foreign package tour mentioned under S. 206C (H) covers sale of Ticket only or only Foreign Hotel booking ?
foreign package tour mentioned under section 206C[H] , whether it covers sale of 1] only foreign travelĀ  ticket ? 2] only foreign hotel booking ?


► Read Answer