Letters sent by ITR Deptt. for TDS
This query is : Resolved
Padmaja M Naidu
(Querist)
13 December 2010
Dear Sir,
The letters sent by ITR Deptt. gives information like this
PAN NO. DEDUCTEE TDS/TCSAMT AMT AS PER 26AS
XXXX XXXX XXXX XXXXXX
My query is what does both the coloumn means or whats the diff between them????
TDS/TCSAMT AMT AS PER 26AS
XXXX XXXXXX
The letters sent by ITR Deptt. gives information like this
PAN NO. DEDUCTEE TDS/TCSAMT AMT AS PER 26AS
XXXX XXXX XXXX XXXXXX
My query is what does both the coloumn means or whats the diff between them????
TDS/TCSAMT AMT AS PER 26AS
XXXX XXXXXX
CA Navin Jain
(Expert)
13 December 2010
TDS/TCS AMT means TDS/TCS as deducted or credited from/by the assessee.
AMT AS PER 26AS means TDS/TCS AMT which has been deducted or credited and actually deposited in the Central Government's Account.
If TDS/TCS has been correctly deposited by the deductor, AMT AS PER 26AS and TDS/TCS AMT will always match. If there is difference,i.e., AMT AS PER 26AS is less, it means you have not been given credit for the TDS/TCS.
AMT AS PER 26AS means TDS/TCS AMT which has been deducted or credited and actually deposited in the Central Government's Account.
If TDS/TCS has been correctly deposited by the deductor, AMT AS PER 26AS and TDS/TCS AMT will always match. If there is difference,i.e., AMT AS PER 26AS is less, it means you have not been given credit for the TDS/TCS.
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