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Schedule TDS2 question

Dr. Jones (Director) (253 Points)

08 April 2010

A typical Form 16A for professional contains multiple rows of payment as Employer (deductor) makes payment at different dates.

Now when we are filling this detail in ITR4 - Schedule TDS2, do we enter just a one line giving details of the deductor and sum of amounts or do we have to give detail breakup of payment as given in Form 16A?

Thanks!

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12 Replies

Amir (Learner) (4016 Points)
Replied 09 April 2010

Dear Dr. Jones,

Instructions for filing ITR forms clarifies this thing that details are to be furnished in respect of each certificate.

I would say better is to give in respect of each deduction..since instruction also specifies that a separate annexure may be attached with this statement.

https://law.incometaxindia.gov.in/DITTaxmann/IncomeTaxRules/pdf/ay2008-09/InstructionsITR-2.pdf

Sunil Liladhar Kotak (Manager (F & A)) (2025 Points)
Replied 09 April 2010

Agreed with Amir Sir

Dr. Jones (Director) (253 Points)
Replied 09 April 2010

May be I did not explain correctly.

What I meant was : do we have to show one line per deductor (i.e. Summarized one line per Form 16A) or one line for each payment made for each of the deductor.

Thanks!

Ratan Deep Saxena (Asstt Manager (Accounts & Finance)) (2998 Points)
Replied 09 April 2010

one line for each payment made for each of the deductor.

regards,

ratan

Amir (Learner) (4016 Points)
Replied 09 April 2010

Dear Dr. Jones,

I did get ur query in the first place itself.

Thats what I said that Details should be given in respect of each deduction of a TDS Certificate.

and the above info should be given in respect of each TDS certificate(in case there are more then 1)

I hope now it is clear......

Ratan Deep Saxena (Asstt Manager (Accounts & Finance)) (2998 Points)
Replied 09 April 2010

Details of all Form 16 A should be given.

regards,

ratan

Dr. Jones (Director) (253 Points)
Replied 09 April 2010

Yes, I could not understand in the first place.

Got it now...!

Thank you solving all my doubts!

God Bless You.

Dr. Jones (Director) (253 Points)
Replied 09 April 2010

Originally posted by : Amir
	Dear Dr. Jones, Instructions for filing ITR forms clarifies this thing that details are to be furnished in respect of each certificate. I would say better is to give in respect of each deduction..since instruction also specifies that a separate annexure may be attached with this statement. https://law.incometaxindia.gov.in/DITTaxmann/IncomeTaxRules/pdf/ay2008-09/InstructionsITR-2.pdf

Just one thing...as per the instructions given by the link you provided...it says:

(iii) It may please be noted that the TDS certificates are NOT to be annexed with the Return Form.

Amir (Learner) (4016 Points)
Replied 09 April 2010

Dear Sir,

Absolutely TDS certificates neither in original nor in duplicate are to be annexed with the ITR,

A statement is to be prepared by the assesee in the format given in TDS 2 Section where number of entries in the TDS Certificates are more then the space/rows provided in the ITR..

Ratan Deep Saxena (Asstt Manager (Accounts & Finance)) (2998 Points)
Replied 09 April 2010

Original TDS Certificates or Copy thereof are not required to be annexed with the return, assessee has to prepare a statement of Tax deducted as per the TDS certificates as per the prescribed format and such format shuld only be annexed with the return.

regards,

ratan

dkshahca (51 Points)
Replied 09 April 2010

Dear Sir

Instead of going for hard ship, better to enclsoe tax deduction certificates.

Regards CA Dhaval Shah

NEERAJ PANDEY (M.Com) (21 Points)
Replied 01 August 2014


Schedule TDS2		Details of Tax Deducted at Source on Income [As per FORM 16 A issued by Deductor(s)]

	Sl No	Tax Deduction Account Number (TAN) of the Deductor	Name of Deductor	Unique TDS Certificate Number	Unclaimed TDS brought	forward (b/f)	TDS of the current fin. Year	Amount out of (6) or (7) (only if corresponding for tax this year)	being claimed this Year income is being offered	Amount out of (6) or (7) being carried forward
	1	2 If no entry is made in this column, then columns (3) to (7) will not be considered for that row	3	4	Financial Year in which TDS is deducted 5	Amount b/f 6	7	In own hands 8	In the hands of spouse, if section 5A is applicable 9	10
	1	LKNL01049G	Life Insurance Corporation of Inida		2013		12860		0	12860
	2								0	0
	3								0	0
	4									0