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(Querist)
22 February 2014
(1) meaning of amount credit or payment in 26 Q TDS return.

(2) Meaning of amount credit or payment in 24 Q return is Gross amount paid to employee.

(3) Meaning of Amount credit or payment in 26 AS Tax credit statement.

Thanks in Advance.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
23 February 2014 (1) Amount which has been credited to the payee account or amount which has been paid. It refers to amount paid or payable without considering the TDS amount.

Say Rent paid Rs 200000/- So TDS will be Rs 20000/-. Here amount paid or credited will be Rs 200000/- and not Rs 180000/-.

(2) Yes it means gross amount.

(3) Its same which is shown in our TDS return i.e., the amount as stated in point 1 and 2 above.
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