Hi,
am paying LIC and after maturity amount I received amount with interest and company has dedcuted yes 1/- my return amount
in this scenario tds how much amount will show in income tax it returns
3 Replies
Miss Mansi Bhojani
(Practicing Chartered Accountant)
(1736 Points)
Replied 22 July 2018
You can check your Tds certificate or form 26as for better clarity of tds amount deducted and to be shown.
srikanth.ravi
(jr.officer)
(30 Points)
Replied 22 July 2018
I checked with form 26AS gross amount with 1% dedcuted tds
now am filling returns what tax I will pay to govt total amount or my net profit (interest) amount
kindly confirm
now am filling returns what tax I will pay to govt total amount or my net profit (interest) amount
kindly confirm
Miss Mansi Bhojani
(Practicing Chartered Accountant)
(1736 Points)
Replied 31 July 2018
You will show the amount on which tds has been deducted ie as per section 194DA on gross amount received.
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