TDS
This query is : Resolved
MAKARAND DAMLE
(Querist)
11 May 2020
Person doing business of rent a car
TDS has been deducted from payments by party u/s 194IB @ 10% instead of 2%
Now TDS returns cannot be revised by party.
However income needs to be shown under rent a car and not income from house property
whether after filing return of income income tax department will raise any query ?
TDS has been deducted from payments by party u/s 194IB @ 10% instead of 2%
Now TDS returns cannot be revised by party.
However income needs to be shown under rent a car and not income from house property
whether after filing return of income income tax department will raise any query ?
Soumitra Basu
(Expert)
11 May 2020
only the income mentioned in your return should tally with 26AS and your bank account.
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