Tds column in VDA

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ghosh (Querist)
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05 September 2023 Say tds is deudcted rs. 10000 i.e 1% on rs. 10 lakhs. however income from vda is rs.1000.
what to fill in corresponding receipts offered in tds columns as it is default showing rs. 10 lakhs however income is rs. 1000?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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05 September 2023 Show default amount 10 lacs sale receipt.
In the VDA schedule show income as 1000.

ghosh

ghosh (Querist)
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06 September 2023 i am talking about filing TDS column in ITR 2. In which VDA is shown as capital gain.
So in TDS column , tds claimed is rs. 10000 and corresponding income rs. 1000 or corresponding sales rs.10 lakhs? because mostly we show income value against which tds is claimed.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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06 September 2023 Show corresponding sales rs.10 lakhs.
Otherwise ITR will show error.
Show 1000 as income in ITR against sale value 10 lacs.

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