Tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

30 July 2014 Which amount should be entered in income chargeable under the head salary in TDS schedule in ITR 1 Form. It should be either from Part B attached with form 16 or amt mentioned in Form 16 under total amt paid or credited.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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30 July 2014 In TDS Schedule you should show the total amount paid or credited.

Vishnu Saboo

Vishnu Saboo (Expert)
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30 July 2014 show net income from salary which excludes exemptions like transport convayance, proffesional tax pais and deductions and show that figure in the return

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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30 July 2014 Dear Vishnu Ji Net Income from salary is to be shown under Income from Salary in Income Details Sheet. In TDS Schedule amount paid credited (As per 26 AS and Form 16 generated from TRACES) needs to be mentioned.