Income tax payment through challan 280
This query is : Resolved
18 July 2013
Dear Sir,
I want to ask on thing in the following case :
I have prepared ITR 4 as per Figure filling in it Tax comes.
INCOME TAX 4569
EDU CESS (INCL SHE) 137
But there is Prepaid Tax i.e TDS Rs 53.
then which amount I shall consider for Payment in Challan 280?
Income Tax
and
Edu Cess (INCL SHE)
Either
1) Income Tax 4506
Edu Cess (INCL SHE)137
Or
2)Income Tax 4653
Edu Cess (INCL SHE) NIL
I want to ask on thing in the following case :
I have prepared ITR 4 as per Figure filling in it Tax comes.
INCOME TAX 4569
EDU CESS (INCL SHE) 137
But there is Prepaid Tax i.e TDS Rs 53.
then which amount I shall consider for Payment in Challan 280?
Income Tax
and
Edu Cess (INCL SHE)
Either
1) Income Tax 4506
Edu Cess (INCL SHE)137
Or
2)Income Tax 4653
Edu Cess (INCL SHE) NIL
18 July 2013
what is prepaid tax? is it advance tax ?
18 July 2013
Actually it is TDS which has been deducted on commission Rs 53/- (TDS Amount)
18 July 2013
challan is ment for paying tds is the tds u have deducted of some1 else ur querry is not clear.
18 July 2013
Sorry that by mistake I asked the Challan 280 instead of Challan 281.
Simply There is Income Tax Liability as per below details :
Income Tax Rs 4569
Edu Cess (Incl SHE) Rs 137
But He has TDS Receivable Amt Rs 53
Then which amount I should Consider for remittance of payment through challan 281
Income Tax & Edu Cess (Incl SHE) in Challan?
Simply There is Income Tax Liability as per below details :
Income Tax Rs 4569
Edu Cess (Incl SHE) Rs 137
But He has TDS Receivable Amt Rs 53
Then which amount I should Consider for remittance of payment through challan 281
Income Tax & Edu Cess (Incl SHE) in Challan?
18 July 2013
pls mention whether somebody has deducted tds of rs 53? what is tds recievable?
18 July 2013
ya somebody has deducted TDS RS 53.
18 July 2013
In that case u final tax liability is 4569-53=4516+3% ec and shec.
u need to deduct 53 from principal income tax payable and then add 3%
u need to deduct 53 from principal income tax payable and then add 3%
Message likes :
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11 August 2013
Dear Sir,
Thanks for suggestion.
Thanks for suggestion.
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