Tds deducted from which i get amount 50000 as variable

Save Share

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2012 I get 50000rs as variable from my company and tds deducted 5000rs so how it is correct and can i claim for refund through return file.

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)

11 July 2012 TDS has been deducted at 10%.

If TDS has been deducted u/s 194J, you will have to file ITR 4 and claim refund of the same.

You can also claim expenses incurred to earn this income.

Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2012 Sir,in which column i have to right this details in itr4 & how means first i have to indicate 50000 as variable and its tds?

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)

11 July 2012 Rs. 50000 shall be your income. Reduce expenses incurred to earn this income.

TDS shall be shown under tax paid.

Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2012 I have to add my regular income in it or i have to file about only 50000 rs

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)

11 July 2012 It seems you have income from more than one source.

Please provide details of sources of income.

Querist : Anonymous

Querist : Anonymous (Querist)

11 July 2012 Thank u veru much

Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2012 I show my gross salary +this insentive which i received=my total income then declare my tds paid on insentive so what will be new tax rate how to show and how to calculate ?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now