06 May 2011
Sometimes the entire amount is not subject to tds. In such a case what would be the amount to be mentioned in the e-tds return. For eg: A customer's bill contains payment of rs 2000 which is not subject to TDS and rs 4000 which is subject to TDS. So in the tds return are we required to mention Rs 4000 or rs 6000(total) as amount paid. If the second is true, would it be a problem if i have mentioned rs 4000 as the amount paid.
Similary in case of rent payments where service tax is not chargeable to tds, if i have mentioned the amount paid as rent before service tax, would it be a problem. Do I have to revise return. A senior is of the opinion that department wouldn't trouble you as long as tax collection is done and credited.
CAclubindia
