TCS Refund on Car/Vehicle Purchase in ITR || How to Claim TCS on Car Purchase FY23.24

[@syedsaqibqadri1093]

Sir i purchased vehicle in july,2024. And 1% tcs is not reflecting in AIS or 26as what to do and when to claim refund. My income is less than 7L

[@CASumitSharma]

After year end 31.3.25 Till November it will get reflected

[@pinakiranjansen8981]

Dear Sharmaji You are best in yr area in You tube channel You also respond to all queries send to you. Thanks pray to Almighty that you can carry-on your channel with more no. of subscribers

[@CASumitSharma]

Thank you 😊

[@rudrasingh5099]

Very good knowledge

[@CASumitSharma]

So nice of you

[@kukutobden]

Sir, mera TDS assesment year 2025-26 mein dikha raha hai can I claim my refund this year or will I have to wait till next year to file tax return?

[@CASumitSharma]

Wait till 31.3.25

[@kratos692]

Sir I purchased a vehicle on 16th Aug 2024. Dealer claimed a tcs of 1%. I was checking form 26AS as well as AIS but TCS is not showing. When can I expect it to show?

[@CASumitSharma]

Check 26 as others it will get shown in April 2025 no problem

[@kratos692]

@CASumitSharma Thank you so much sir

[@hh-hg2kt]

Sir intraday equity ko delivery mein convert karna kya conversion of stock in trade into capital asset hota hai aur aise hold kiye hue share ka PL kya business income mein show hoga ya short term capital gains mein n🙏

[@CASumitSharma]

Convert krne k baad intraday LTCG STCG ho jayega

[@understandthewordsfeelthes3036]

Thanks for sharing helpful information 👍👌

[@CASumitSharma]

Most welcome

[@vickydesigns1236]

Hello sir, ETSY jo ki ek e-commerce site hai agar as a Indian seller mai India se US based print providers ke through etsy pe (print on demand) business karta hu aur mere customers bhi US based hi hai. Aur Payment mujhe Payoneer ke through milata hai, then is condition me mai gst kaise file karu. Kindly help. There is no video on KZbin regarding this.

[@CASumitSharma]

Ye export of goods ya service ho sakta hai Baki to saare facts dekhna janne k baad hi kisi conclusion pe aa sakte hai Better rhega aap kisi tax professional ki help lelo Taki baad me koi problem na aaye

[@subramanikrishnappa9497]

Hello sharma, Hope your doing good. Please help me out...i took car in 2023 but couldn't file my tds on that year,i got tds form 16 from them ...now how to file in clear tax portal...when i try to upload the form 16 its throwing error its 2023-2024 please upload 2024- 2025 yr showing....now how to upload previous year tds

[@CASumitSharma]

Kindly contact clear tax helpline Or you can take our professional services We will be happy to Provide you our professional services 8875042000 (Call & WhatsApp) 8875242000 (Calling) 9694842000 (Calling)

[@SumitYadav-pz8dd]

Plz make a detailed video about save car loan tax in itr filing

[@CASumitSharma]

No benefit for salaried employees

[@D_Singh1313]

Good information ji

[@CASumitSharma]

Thanks

[@rishabmehto]

Hello Sir, Sir Mene November 2023 me car purchase kari hai more then 10 lakhs ki. Par condtion ye hai ki me student hu mera koi income source ni hai or nahi mene aaj tak itr file kiya hai Father ne paise diye hai car k to kya me itr file karke tcs claim le sakta hu?

[@rishabmehto]

car mere naam par hi hai ...pan b mera hi laga h

[@CASumitSharma]

Yes You can take refund After filing ITR

[@hindustanraj7331]

Thanks for quick response

[@CASumitSharma]

👍

[@kamleshbera87]

Thank you so much ❤

[@CASumitSharma]

Most welcome

[@understandthewordsfeelthes3036]

Agar kisi ne A.Y.2020-21 ka ITR File kiya ho Uske baad koi bhi year me ITR File nahi kiya ho. Aab ye person A.Y.2024-25 Ki ITR File karna Chahta Hai to kya is person ko jo bhich k year me ITR File karna bhul gaya hai wo bhi File karni padegi? Ya phiren bina usko File kiye Direct A.Y.2024-25 ka return File kar de? Please Reply

[@CASumitSharma]

Direct 24.25 Jago tbhi savera

[@understandthewordsfeelthes3036]

@@CASumitSharma Agar Direct 24-25 Ka File kar diya to Future me koi dikkat to nahi hogi?

[@lovelybhargava7694]

Bhai Sumit Sharma ni main Apke channel ka subscriber hun aur regular apke channel ke saare videos bina skip kiye poora end tak dekhta hun, Maine ITR-4 me apna online ITR file kar diya hai maine online verify bhi OTP ke jariye kar diya hai mujhe ye janna hai ki ab CPC Bengaluru se kab tak verify hokar mujhe jankari prapt ho sakti hai, kya iske liye koi time period fix hai ki kitne din me confirm ho sakta hai, Mujhe apke channel se ITR khud se file karne me bahut zyada help mili saari prakriya samajhne me, Kripya batayen zarur apke jawab ka intezar rahega

[@CASumitSharma]

Koi fixed timeline nahi hai Ho sakta hai week Me ho jaye Nahi to kaiyo ki 2 months se pending PDI hai

[@Maps_In_Kannada]

Can we claim TCS in new tax regime also?

[@CASumitSharma]

Yes

[@TheHimym97fan]

I have 2 Lakhs amount paid in TCS & Tax collected is showing 0. Do I still have to file it somewhere in ITR?

[@CASumitSharma]

No

[@VikasSingh-ql7mg]

If I purchase vichele of 15lakh by sold of rural agriculture land in account not in cash & I m not file itr bcoz my income is less than 3lakh so how can I claim my tcs & is my tcs deducted @5% bcoz I'm not itr payer?

[@CASumitSharma]

TDS TCS can be taken Refund only after filing ITR

[@asjadhashmi_00]

Hello sir, Gst certificate ane k bad banks se call arhe h new account kholne k liye apne trade name s usme new acc open mandatory ha ky jabke already bankk acc add krdya h apna personal

[@CASumitSharma]

Better to update current account

[@shivmmehrotra]

how to claim tcs for vehical i purchased last year in january ?

[@CASumitSharma]

By filing ITR

[@shivmmehrotra]

@@CASumitSharma I should have been more clear with my question, i filed the ITR last year but by then I was not aware of TCS claim process. Can I claim TCS for it in current ITR because the vehicle was purchased in last financial year, ie before 1st April 2023

[@nthomotsu409]

Sir i purchased my car in april of 2024 can i claims for tcs now?? If so how will i claim??? Please reply sir

[@CASumitSharma]

April 2025 onwards

[@nthomotsu409]

@CASumitSharma sir means I can claim???

[@CASumitSharma]

Yes

[@nthomotsu409]

@@CASumitSharma ty sir 4 the reply

[@kuhurani2815]

Sir.. I have cancelled my gst registration of my shop on dated 15-09-21(cancelled suo moto) .Form 10 has been filed on dated 05-08-23. Can i now apply for Gst no again with the same PAN no on same shop address. GSTR3B & 1 for 2020-21 filled up to June. Please advice

[@CASumitSharma]

You can apply Department may ask you to start previous gst instead of issuing the new certificate

[@kuhurani2815]

@@CASumitSharma What option you advice me go for the old certificate or apply for new. Please say pros & cons

[@kamalyadav9003]

Sir, i purchased vehicle in June,24, Can i claim TCS in this year or i need to claim next year. My annual income is greater then 25Lakh.

[@CASumitSharma]

Next year You can claim if you tax is already deducted on all other income

[@thakorsinhbparmar624]

Pension income 909950 and Agricultural income 64000 hai to new regime me kitna income tex bharna padega.

[@CASumitSharma]

Use income tax calculator available on website

[@SumitYadav-pz8dd]

Sir meri annual income 6 lakh hai aur m 600000 ka car loan lena hai to income tax m kitna kam ho jayega

[@CASumitSharma]

No benefit

[@Stay_Soul]

Hmara ek society registration hai UP me hum log use National registration krwana chahte hai please uska tarika bataiye aur kaha se ho sakta hai ye bhi batane ki kripa kare

[@CASumitSharma]

Registrar of firms Cooperative society 80g 12A Niti AAYOG Or in your trust deed working place extend

[@Kanut92]

Sir car was given as gift during marriage in my name but payment was done by inlaws mail received from income tax by showing high value transactions

[@CASumitSharma]

Yes The person received mail Whose pan card used Better to file ITR

[@Kanut92]

@CASumitSharma itr has been filed by me Payment done by inlaws account and registration of car is in my name I.e the groom Tcs was claimed by me only mail received that it is high value transactions and there is variance between itr and ais Do we need to disclose purchase of vehicle in itr as only tcs is being claimed??

[@charanjitkaurvashisht7367]

Beta Parents ne son ko carke paise apne bank account sa diya Son ki ITR mei car ki cost show ho rehi hai To kya parents v son ko apni apni ITR mei Paisa udhar diya hai show kerna hoga j Please please bataye

[@CASumitSharma]

No need to Now As discussed over call

[@ahanapal4055]

Hello Sir, I received 24000 rs of Uniform Allowance from my employer which is tax exempt. Could you please guide whether I should input this amount in 10 (14)(i) or 10(14)(ii) section of ITR1 form? Many thanks for your kind help.

[@CASumitSharma]

n the ITR-1 form, which is used for filing Income Tax Returns for individuals with income up to ₹50 lakh, the exemption for Uniform Allowance falls under section 10(14)(ii). This section specifically deals with allowances or perquisites granted to meet expenses incurred on purchase or maintenance of uniforms. Since your Uniform Allowance is tax exempt, you should report it under section 10(14)(ii) of the ITR-1 form. This ensures that the income is correctly categorized as exempt from tax.

[@ahanapal4055]

​@@CASumitSharmathank you for your kind response 🙏

[@annurani2089]

Sir car purchase wala tds kitne timem wapas aata hai

[@CASumitSharma]

Depend on department

[@updatewithankit3133]

Dealer ne bola ki tcs deposit kr diya h lekin abhi tak reflect nhi kr rha h . Kya karun

[@CASumitSharma]

Complaint to local income tax office

[@asimdas7885]

Mere clubbing se 7 din se itr 3 fill korne keliye bola tha abhi tak kuch nehi hoga

[@CASumitSharma]

Kuchh technical issue hai site PE Under process hai Ho jayega Be assured

[@pinakiranjansen8981]

I have total taxable income of about 4.5L. In AY 24-25 I have a foreign trip through Make My trip with total cost of 1.5L in which they had deducted 6.5k TCS which is indicated in TIS/ 26AS. Can I take refund of TCS & how? I shall be obliged if u guide me. Thanks

[@CASumitSharma]

Yes

[@pinakiranjansen8981]

Thanks but you didn't tell where to indicate the TCS amount in ITR. Pl.reply

[@CASumitSharma]

In taxes paid

[@pinakiranjansen8981]

Thanks

[@parmjitsingh7333]

Agar annual income 13 Lakh hai to tcs refund ho sakta hai ( 10 lakh loan liya hai)

[@CASumitSharma]

If other income pe TDS already kata hua hai to

[@parmjitsingh7333]

Total 13 lakh salary income hai tax deduct ho kar salary milti hai. Other source of income koi nahi hai

[@solemanali4882]

​@@parmjitsingh7333 If you have LIC or other life insurance policy, then you can avail deduction amount of upto 150000. Agar Donation hein usmein bhi Deduction le sakte hein. House rent hein to Deduction le sakte hein. Agr genuine deduction leke 5 lakhs ki niche aye to full refund hoga aur nehi to baca hua paise ki upar tax pay karne honge. Agar TDS se cover ho jate to then in that case you don't have to pay seperately. I hope you need to take support from CA in this case.

[@kunalray9330]

Hello brother Did u get refund for TCS ... I also want to know if salary is more than 10 lakh in govt service will TCS is refunded ?? ​@@parmjitsingh7333

[@travelwjv3147]

Loan 695000 ka h but interest bi hota h ya nhi

[@CASumitSharma]

Only loan amount