Tds amount in advance tax??
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 February 2012
Now that Form 26AS is available on website . Why not TDS taken on actual basis then on Estimated basis , while calulating Advance Tax???
Now that Form 26AS is available on website . Why not TDS taken on actual basis then on Estimated basis , while calulating Advance Tax???
09 February 2012
It can be taken.. but what if the deductor delay the remittance of TDS or has remitted but not filed the e tds returns.. should the TDS be of a substantial amount.. it shall always be wise to confirm with the deductor the amount and compute your advance tax payable..
09 February 2012
If you are referring TDS & Advance Tax in Form No 26AS, both are on actual basis.
.
For the purpose of calculating Advance Tax installments, TDS can only be taken on estimated basis.
.
It appears in 26AS, but as on 15th Sep, 15th Dec or 15th Mar, some of these were not appearing there.
.
In the last column of 26AS the Author may see the different dates of Booking. This date if matched with the date of credit and date of deduction, it can be perceived that these depends very much upon the quarter of deduction and TDS return filing date.
.
.
.
For the purpose of calculating Advance Tax installments, TDS can only be taken on estimated basis.
.
It appears in 26AS, but as on 15th Sep, 15th Dec or 15th Mar, some of these were not appearing there.
.
In the last column of 26AS the Author may see the different dates of Booking. This date if matched with the date of credit and date of deduction, it can be perceived that these depends very much upon the quarter of deduction and TDS return filing date.
.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Refund Annexure-B
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
