Tds return - Tds Asset on Other income
This query is : Resolved
10 May 2017
Is it necessary to show Tds Asset on Form 24Q of Tds Return on Salary, also income from other sources in Salary tds return.
As Tax deducted on Salary was after considering Tds Asset of employee from his House property rental income
10 May 2017
Unable to understand your query. Clarigy it
28 July 2025
Great question! Here’s how it works:
**Form 24Q** is strictly meant for reporting **TDS on Salary** only. It contains details of salary paid and TDS deducted under Section 192.
---
### Do you need to show **TDS Asset on Other Income** (like House Property) in Form 24Q?
**No, you do not show TDS deducted on other income heads (like House Property, Other Income) in Form 24Q.**
* Form 24Q is limited to salary income and TDS deducted on salary.
* Any TDS related to **other income** (like rent under Section 194-I, interest under 194A, etc.) should be reported separately in **Form 26Q** (for non-salary payments).
---
### What if employee’s salary TDS was calculated considering TDS already deducted on other income?
* You can factor in the **TDS credit** available from other sources while computing the salary TDS (to avoid excess deduction).
* However, the **Form 24Q** will only show the salary income and TDS deducted on salary.
* The other income TDS will be reflected in **Form 26Q** filed by the deductor of that income.
* The employee can claim the benefit of all TDS while filing his **Income Tax Return (ITR)**.
---
### Summary:
| Aspect | Form 24Q (Salary TDS Return) |
| ----------------------------------- | ------------------------------------- |
| Report Salary Income & TDS | ✅ Only salary income & TDS deducted |
| Report TDS on Other Income | ❌ No, reported separately in Form 26Q |
| Use of TDS credit for TDS on salary | Allowed while computing TDS |
---
**So, you do not need to show TDS Asset on other income in Salary TDS Return (Form 24Q).**
If you want, I can guide you on how to factor TDS credit while calculating TDS on salary to avoid excess deduction. Would you like that?
**Form 24Q** is strictly meant for reporting **TDS on Salary** only. It contains details of salary paid and TDS deducted under Section 192.
---
### Do you need to show **TDS Asset on Other Income** (like House Property) in Form 24Q?
**No, you do not show TDS deducted on other income heads (like House Property, Other Income) in Form 24Q.**
* Form 24Q is limited to salary income and TDS deducted on salary.
* Any TDS related to **other income** (like rent under Section 194-I, interest under 194A, etc.) should be reported separately in **Form 26Q** (for non-salary payments).
---
### What if employee’s salary TDS was calculated considering TDS already deducted on other income?
* You can factor in the **TDS credit** available from other sources while computing the salary TDS (to avoid excess deduction).
* However, the **Form 24Q** will only show the salary income and TDS deducted on salary.
* The other income TDS will be reflected in **Form 26Q** filed by the deductor of that income.
* The employee can claim the benefit of all TDS while filing his **Income Tax Return (ITR)**.
---
### Summary:
| Aspect | Form 24Q (Salary TDS Return) |
| ----------------------------------- | ------------------------------------- |
| Report Salary Income & TDS | ✅ Only salary income & TDS deducted |
| Report TDS on Other Income | ❌ No, reported separately in Form 26Q |
| Use of TDS credit for TDS on salary | Allowed while computing TDS |
---
**So, you do not need to show TDS Asset on other income in Salary TDS Return (Form 24Q).**
If you want, I can guide you on how to factor TDS credit while calculating TDS on salary to avoid excess deduction. Would you like that?
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
- Section 270A penalty
- GST Registration Application -Rejected
- Transport service POS
- E INVOICE, E-WAY, INVOICE
- To Whom the Invoice should be Raise to
- GSTR 9C- Table 9
- Tax liability on gift amount given to blood relation
- Clarification for reversal of IGST on transfer of duty-free imported goods from EOU to DTA unit
- Whether to file ITC 03 for downward GST rate revision - Reg.
- Sale Proceed of Urban Agri. Land received in Advance in FY 24-25 but Registry is made in next year
- GST Implication on Commission / Affiliate Fee received from Booking.com (Netherlands)
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
- Filing GST Returns after death of proprietor
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
