Incorrect section mentioned in 26AS - how to file ITR
This query is : Resolved
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Gopalakrishnan. S
(Querist)
04 July 2022
Sir
One of my friend is about to file ITR for FY 21 - 22. On downloading the Form 26AS, he found that the TDS deducted from his commission payments by one of his principle, has been shown under Section 194I(b) - Rent on other than Plant and Machinery, instead of section 194H. My friend does not own a house.
The auto populated ITR form is showing the said amount as Income from house property.
Shall we make it as "Zero" under the head "Income from house property " and add that amount
with commission income ?
Pls. advice.
One of my friend is about to file ITR for FY 21 - 22. On downloading the Form 26AS, he found that the TDS deducted from his commission payments by one of his principle, has been shown under Section 194I(b) - Rent on other than Plant and Machinery, instead of section 194H. My friend does not own a house.
The auto populated ITR form is showing the said amount as Income from house property.
Shall we make it as "Zero" under the head "Income from house property " and add that amount
with commission income ?
Pls. advice.
CA R SEETHARAMAN
(Expert)
04 July 2022
Yes, add that income in commission income and also disclose in TDS schedule where the income is disclosed.
Gopalakrishnan. S
(Querist)
05 July 2022
Thank you very much Sir
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