{"id":527235,"date":"2025-09-26T13:38:26","date_gmt":"2025-09-26T08:08:26","guid":{"rendered":"https:\/\/www.spinny.com\/blog\/?p=527235"},"modified":"2025-09-26T13:44:27","modified_gmt":"2025-09-26T08:14:27","slug":"your-tcs-certificate-form-27d-what-it-is-why-it-matters","status":"publish","type":"post","link":"https:\/\/www.spinny.com\/blog\/your-tcs-certificate-form-27d-what-it-is-why-it-matters\/","title":{"rendered":"Your TCS Certificate (Form 27D) \u2014 What It Is &amp; Why It Matters"},"content":{"rendered":"<h2 class=\"wp-block-heading\" id=\"what-is-tcs-for-car-purchase\"><strong>What is TCS for Car Purchase?<\/strong><\/h2>\n\n\n<p>TCS (Tax Collected at Source) is a nominal tax (1% for cars above \u20b910 lakhs) that sellers must collect from buyers under the Income Tax Act, 1961. It\u2019s <strong>not an extra cost<\/strong>,\u00a0 it\u2019s part of your total tax deposited and will be <strong>adjusted against your tax liability at the time of filing your Income Tax Return (ITR), just like TDS<\/strong>.<\/p>\n\n\n<h2 class=\"wp-block-heading\" id=\"what-is-form-27d-tcs-certificate\"><strong>What is Form 27D (TCS Certificate)?<\/strong><\/h2>\n\n\n<p>Form 27D is an official certificate issued by the government. It confirms that <strong>Spinny collected TCS from you and deposited it with the Income Tax Department<\/strong> against your PAN, like a tax receipt.<\/p>\n\n\n<h3 class=\"wp-block-heading\" id=\"why-do-we-share-it\"><strong>Why Do We Share It?<\/strong><\/h3>\n\n\n<p><strong>Proof for records:<\/strong> It\u2019s official evidence in case of any mismatch in your tax details.<br><strong>Helps in ITR filing:<\/strong> Your CA or tax advisor may require it while filing your return.<\/p>\n\n\n<h2 class=\"wp-block-heading\" id=\"how-it-appears-in-your-tax-records\"><strong>How It Appears in Your Tax Records<\/strong><\/h2>\n\n\n<p>The TCS collected by Spinny will reflect in your <strong>Form 26AS<\/strong> and <strong>AIS (Annual Information Statement)<\/strong>.<\/p>\n\n\n<h2 class=\"wp-block-heading\" id=\"how-to-use-the-certificate\"><strong>How to Use the Certificate<\/strong><\/h2>\n\n\n<p><strong>For ITR:<\/strong> If required share it with your CA or upload details when filing ITR.<br><strong>In case of mismatch:<\/strong> Use it as evidence if TCS doesn\u2019t appear in 26AS\/AIS.<br><strong>For future reference:<\/strong> Keep it safely, like Form 16 or property tax receipts.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>What is TCS for Car Purchase? TCS (Tax Collected at Source) is a nominal tax (1% for cars above \u20b910 [&hellip;]<\/p>\n","protected":false},"author":38,"featured_media":527237,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"cos_headline_score":0,"cos_seo_score":0,"cos_headline_text":"Auto Draft","cos_headline_has_been_analyzed":false,"cos_last_analyzed_headline":[],"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"_mbp_gutenberg_autopost":false,"_pgmb_is_evergreen":false,"_pgmb_ap_template_id":0,"footnotes":""},"categories":[5080],"tags":[],"class_list":["post-527235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-car-buying"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.spinny.com\/blog\/wp-json\/wp\/v2\/posts\/527235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.spinny.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.spinny.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.spinny.com\/blog\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.spinny.com\/blog\/wp-json\/wp\/v2\/comments?post=527235"}],"version-history":[{"count":4,"href":"https:\/\/www.spinny.com\/blog\/wp-json\/wp\/v2\/posts\/527235\/revisions"}],"predecessor-version":[{"id":527239,"href":"https:\/\/www.spinny.com\/blog\/wp-json\/wp\/v2\/posts\/527235\/revisions\/527239"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.spinny.com\/blog\/wp-json\/wp\/v2\/media\/527237"}],"wp:attachment":[{"href":"https:\/\/www.spinny.com\/blog\/wp-json\/wp\/v2\/media?parent=527235"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.spinny.com\/blog\/wp-json\/wp\/v2\/categories?post=527235"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.spinny.com\/blog\/wp-json\/wp\/v2\/tags?post=527235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}