Income Tax Refund

incometax

#1

Hi,
I have following queries : 1. Taxes being paid by a consumer to different vendors like Restaurants, Hotels, Airlines, purchasing of electronic goods etc, should be declared in TCS section in IT returns? My question is can we claim VAT/Service Tax in IT return. If yes, kindly tell us the process please.

  1. In case in form 26AS we see mismatch of TDS/TCS per say actuals what should be rectifications process.

#2

Hi,

You cannot claim VAT/ST paid on restaurant bill, Airlines etc if you are end consumer because end consumer has to bear the cost of VAT/ST paid on these services.

Also if there is a mismatch in TDS/TCS, you need to ask respective deductor/collector of TDS/TCS to deposit against your PAN.

Regards,
Manish


#3

You cannot claim VAT/ST paid on restaurant bill, Airlines etc if you are end consumer because end consumer has to bear the cost of VAT/ST paid on these services.

Also if there is a mismatch in TDS/TCS, you need to ask respective deductor/collector of TDS/TCS to deposit against your PAN.