Confused in form 26as.
This query is : Resolved
28 June 2014
SIR I HAVE A FORM 26AS WHICH SHOWS
RENT INCOME RS. 910116 (as per form 26AS)
TDS RS. 18202 (SECTION 194C)
SERVICE TAX 12.36%
BUT ACTUAL RECEIVED IS RS. 891914 (as per bank statement)
PLESE HELP ME TO BIFURCATE THE AMOUNT IN
TDS?
SERVICE TAX?
RENT RECEIVED?
WHICH FORMULAS TO B USED
RENT INCOME RS. 910116 (as per form 26AS)
TDS RS. 18202 (SECTION 194C)
SERVICE TAX 12.36%
BUT ACTUAL RECEIVED IS RS. 891914 (as per bank statement)
PLESE HELP ME TO BIFURCATE THE AMOUNT IN
TDS?
SERVICE TAX?
RENT RECEIVED?
WHICH FORMULAS TO B USED
30 June 2014
(A)Rental Income = 8,10,000
(B)Service tax @12.36%=1,00,116
(C)TDS @2% on 18202
Bank statement amount =A+B-C=8,91,914
(B)Service tax @12.36%=1,00,116
(C)TDS @2% on 18202
Bank statement amount =A+B-C=8,91,914
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30 June 2014
THANX FOR THE ABOVE REPLY BUT IN THE FORM 26AS OTHER RENT SHOWS SOMETHING TOO DIFFERENT WHICH SHOWS
RENT INCOME RS. 540000 (as per form 26AS)
TDS RS. 54000 (SECTION 194IB)
SERVICE TAX 12.36%
BUT ACTUAL RECEIVED IS RS. 552744 (as per bank statement)
PLESE HELP ME TO BIFURCATE THE AMOUNT IN
TDS?
SERVICE TAX?
RENT RECEIVED?
WHICH FORMULAS TO B USED
RENT INCOME RS. 540000 (as per form 26AS)
TDS RS. 54000 (SECTION 194IB)
SERVICE TAX 12.36%
BUT ACTUAL RECEIVED IS RS. 552744 (as per bank statement)
PLESE HELP ME TO BIFURCATE THE AMOUNT IN
TDS?
SERVICE TAX?
RENT RECEIVED?
WHICH FORMULAS TO B USED
30 June 2014
194IB is tds on rent for land building and etc.,
.
.
Hence,
(A)Rental income = 540000
(B)tds=54000
(C)servicetax=540000*12.36%=66744
.
.
amount in bank statement=A-B+C=552744
.
.
Hence,
(A)Rental income = 540000
(B)tds=54000
(C)servicetax=540000*12.36%=66744
.
.
amount in bank statement=A-B+C=552744
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