26 q return
This query is : Resolved
25 January 2014
As tds is not required to be deducted on the amount of service tax specifically mentioned in the invoice, what amount is to be shown in amount paid to the contractor in 26 Q return? Value of professional service, say Rs.100 and service tax Rs.12.36 ,so total amount of invoice raised by the contractor is Rs.112.36,now tds u/s 194J is Rs. 10, what is the amount to be shown in 26 Q as amount paid to the contractor Rs. 100 or Rs. 112.36?If we show Rs.112.36 then IT authority will raise demand for short deduction as tds is Rs.10.
25 January 2014
Hi
You should mention amount on which TDS deducted.
Thanks
You should mention amount on which TDS deducted.
Thanks
26 January 2014
The amount of Rs. 100 to be shown in Form 26Q and not Rs. 112.36.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Tax on Deemed Capital Gain
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- ASMT-10 received from A O
- Rental income of jointly held property
- Accounting with Claude
- Difff in ais receipts and gst turnover
- ITR-3 File/Error Found
- Exiting partner in partnership firm in gst portal
- Taxability of credit in canara bank ET & T section (NRO)
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
