Tds

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AVNEESH KUMAR (Querist)
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16 May 2012 A INDIVIDUALS HAVE INCOME FROM POST OFFICE AS COMMISSION INCOME (HE IS AGENT).THE TDS DEDUCTED IS SHOWN IN FORM 16A FOR 1 TO 4 QUATERS OF FINANCIAL YEAR 2010-11, BUT WHILE SAW 26AS IT IS SHOWN ONLY 1 TO 3 QUARTERS OF FINANCIAL YEAR 2010-11.NOW HE WANT TO SUMMIT HIS INCOME TAX RETURN TO TAKE TDS REFUND,PLEASE TELL ME WHAT IS ADVISIBLE FOR HIM HE CAN SUMMIT REUTURN FOR F.Y. 2011-2012 OR MAKE CHANGE IN 26AS BY POST OFFICE and also tell that which ITR should be used

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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17 May 2012 It is not clear from your query which FY are you talking about.

FY 2010-11 or FY 2011-12.

If you are talking about FY 11-12, then wait for a days for Form 26AS to be updated.

Due date for filing TDS return for last quarter is 15th May.

Form 26AS will be updated in a couple of days and then the TDS deducted in the fourth quarter will appear in Form 26AS.

As far as return form is concerned, you will have to file ITR 4 since commission income is business income.

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