{"id":1521,"date":"2025-06-17","guid":{"rendered":"https:\/\/APNOKACA.com\/blog\/?p=105601"},"modified":"2025-06-17","slug":"got-tcs-on-your-tax-statement-here-s-what-it-means-for-you-","status":"publish","type":"post","link":"https:\/\/APNOKACA.com\/blog\/got-tcs-on-your-tax-statement-here-s-what-it-means-for-you-","title":{"rendered":"Got TCS on Your Tax Statement? Here's What It Means for You!"},"content":{"rendered":"\n
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<\/i> Income tax <\/a>

Got TCS on Your Tax Statement? Here's What It Means for You! <\/h1> <\/div>

This blog demystifies Tax Collected at Source (TCS) for taxpayers, especially for Financial Year 2024-25 (Assessment Year 2025-26). It explains what TCS is, lists common transactions where it applies (like motor vehicle sales, overseas tour packages, and foreign remittances under LRS), and details how TCS affects one's tax liability. The post guides readers on how to reconcile TCS entries using their AIS\/TIS and claim the correct credit when filing their Income Tax Return, helping them ensure accurate tax compliance and avoid discrepancies. <\/p>

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<\/div> Krishna Gopal Varshney <\/a>

An editor at Myitronline<\/p> <\/div>