Yes. Tax Collected at Source (TCS) paid on your transaction may be adjusted against your total tax payable when you file your Income Tax Return (ITR) in India, subject to applicable income tax regulations.
Any TCS remitted by your bank will be reflected in Form 26AS under the PAN holder’s account. You can use this information when filing your tax return.
Please note that this process is handled directly by you with the tax authorities and is not managed by Convera.