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NIRAJ SINGH

Form 26AS pic is attached. Please tell me the TAX Treatment for the AY 2018-19
My friend has taken a Car Loan of Rs1134990 & Form 26AS shows TCS of Rs11350
My Query is:-
a) Can we claim TCS of Rs11350
b) Where we will show Rs1134990 (i.e., Amount Paid)
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Amlan Dutta
a.) He can surely claim credit and he shall be doing it in schedule TCS for the same ....

b.) The amount paid shall be depicted under under Schedule TCS, column 3
(Note the loan amount is not income and therefore not to be shown in the income s...
a.) He can surely claim credit and he shall be doing it in schedule TCS for the same ....     <br />                                                <br />b.) The amount paid shall be depicted under under  Schedule TCS, column 3    <br />(Note the loan amount is not income and therefore not to be shown in the income schedule at all , it is just to be depicted in the amount paid portion of the tax details schedule)
  • April 28, 2018
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