Revised form 3cd for a y 2014-15

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navin agrawal (Querist)
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09 August 2014 Please guide on clause 34 (a) regarding TDS Returns. In the column 4 of the given table in Clause 34(a) we are asked to give figures of Total Amount of Section wise Payment / Receipt for the whole year & in Column 5 we are asked to give figures of amount on which tax was required to be deducted or collected out of column 4.

My query is
1) What amount should be mentioned in Column 4 whether this means amount as per column 4 plus all the amounts on which TDS is not deducted due to amount not exceeding TDS limit.

If this is the case then it will be very difficult & time consuming job to derive such amount.

Can some one guide on this matter.

Regards

Navin Agrawal

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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15 August 2014 You are correct. In Column 4 you need to mention all payment under the specific section i.e., Amount on which TDS required to be deducted + amount on which TDS not required to be deducted due to threshold limit or say because of payment to transporter providing PAN.

In Column 5 you need to mention amount on which TDS was required to be deducted.

Then again there is bifurcation of Tax deductible at specified rate and tax deductible at lower rate.

Lots of information asked for. really very time consuming.

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