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Form 26AS section 192

SANJU LIKHARE (MARINE FACULTY) (13 Points)

10 July 2018

My institutes has not given the payment last one year but institute has shown in Form 26AS Under section 192 that payement has been made with TDS.which i have not yet received, as per C/A info.get clear otherwise will face problems.

Kindly suggest above.

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2 Replies

CA Sunil Kumar (Chartered Accountant) (4514 Points)
Replied 10 July 2018

TDS under section 192 is deductible on payment basis. If you have not received the amount than there is no question of deduction of TDS. Ask your institution to revise TDS return otherwise you should have to file ITR and claim tds against tax liability.

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160327 Points)
Replied 10 July 2018

The employer has deposited the TDS over the salary payment on due basis, to claim the salary deduction. But payment to employees is due. Employee can offer salary income on due or on actual payment basis.

So, as and when you receive salary, you can offer to tax, till then the TDS can be carried forward.

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