TDS
This query is : Resolved
CA. Praveen Narayan
(Querist)
11 September 2010
Hi.. can any1 help in ths issue???
Can i disclose my net income if I`m / I cannot claim Tax deducted at source from my gross income???
Eg:- gross income - Rs.100,000
tds - Rs. 1,000
Since TAN is not provided by the deductor, I`m not able to claim TDS.. Can I disclose Rs. 99,000 as my income instead of Rs.100,000???
Can i disclose my net income if I`m / I cannot claim Tax deducted at source from my gross income???
Eg:- gross income - Rs.100,000
tds - Rs. 1,000
Since TAN is not provided by the deductor, I`m not able to claim TDS.. Can I disclose Rs. 99,000 as my income instead of Rs.100,000???
11 September 2010
Ask the deductor to give either TDS certificate or refund the TDS deducted.
Otherwise you can treat the Net Receipt as your income.
Otherwise you can treat the Net Receipt as your income.
Message likes :
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CMA Ramesh Krishnan
(Expert)
11 September 2010
No . Actual Gross income need to be disclose in Return, ask the Deductor to provide the TAN and claim the TDS
Message likes :
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CA. Praveen Narayan
(Querist)
14 September 2010
Thank you Ramesh.. Take care..
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