While giving Cr. for TDS in Return... what amount should be written in place of Salary income..
is it gross income or net income that is taxable under the head Income from Salaries?
Aparna Raja K.C (Student) (520 Points)
22 July 2011While giving Cr. for TDS in Return... what amount should be written in place of Salary income..
is it gross income or net income that is taxable under the head Income from Salaries?
Vijay
(Adamo Studio)
(2112 Points)
Replied 23 July 2011
It is gross income.
TDS is one such tax which is paid in advance.
Like in Bus/ pro we dont deduct adv tax paid for calculation of taxable profit.
Mayank
(Sr.Accountant)
(152 Points)
Replied 23 July 2011
gross income to be shown as income & will be written on place of salary because TDS is deductible on Gross Amount & will be allowed as advance tax .
So Only Gross Income should be written.
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