It return filling
This query is : Resolved
16 July 2012
Hi,
In 26AS there is shows Deduction TDS u/s 92 (Salray) and 94I (Rent on Plant & Manchinery credit only one time).
1) My Query is if in my return i will show only my salray income and not that Rent income, so is that any problem will came or not, becuase of that rent income (one time only) there is coming Tax Payable.
2) and it copulsary to show interest income on saving account.
Please suggest, it's urgent.
Thanks
In 26AS there is shows Deduction TDS u/s 92 (Salray) and 94I (Rent on Plant & Manchinery credit only one time).
1) My Query is if in my return i will show only my salray income and not that Rent income, so is that any problem will came or not, becuase of that rent income (one time only) there is coming Tax Payable.
2) and it copulsary to show interest income on saving account.
Please suggest, it's urgent.
Thanks
CA Rahul Gupta
(Expert)
16 July 2012
Yes, You will have to show all income earned during the Financial Year i.e Salary Income, Income From House Property and interest income on saving account.26AS is merely to identify whether TDS has been deposited into account in proper manner or not.
CA BHARATH KUMAR
(Expert)
16 July 2012
you can show like that in this financial year
12 August 2012
Better to declare all incomes in the return, else at a later point of time when ITD has to ability to cross verify you can land in trouble.
Honesty is the best policy.
Honesty is the best policy.
Message likes :
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auditor sekar
(Expert)
25 August 2012
ALWAYS TRY to Disclose all the Income earned. It is better for future also.
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