Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

Tds

Save Share

This query is : Resolved

ankita (Querist)
Follow

11 May 2013 While filing TDS-Return of salary,whether gross amount of salary or net amount of salary should be mentioned where it asks for Taxable amount on which tax deducted.
if we mention net amount of salary under the head taxable amount on which tax deducted then what is uploaded in form 26AS of the deductee under the head amount paid/credited it the net amount.Thechnically, 26as should disclose under the head amount paid /credited gross salary.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

11 May 2013 Form 24Q can contain only Deduction and challan details for 1st, 2nd and 3rd quarters.that is the amount of payment as per Pay slip, TDS deducted with respective rates and the challan remittance details
But Last quarter should compulsorily contain the annual amounts of Investments, Contributions, etc under Chapter VI A, Details of Salary, Perquisites and Any other incomes reported and his net tax liability. Last quarter should also contain the Deduction and challan details of respective quarter.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now