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Should we show 27Q TDS payment details in ITR.

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Viswa nath

Sales professional

73 Points Posted on 22 July 2023

Question 1 : Have filed the TDS Return for Q4'23 in 27Q for purchase of property from NRI & generated Form 16A

a. Should I show the house purchase details in ITR. The purchase transaction not shown in AIS or 26AS.

b. Should I show the TDS deducted 27Q details in ITR.

Question 2 : In 26AS Part -I , have the interest from Savings bank and income from professional income (Freelance Training) reported. (Other than Salary)

TDS deducted for professional income is auto filled in ITR-1. But the professional income is not auto added to 'income from other sources' (only Bank interest is included). Should we include this professional income also in other sources manually.

Thanks

Replies (3)

Quick Summary

This discussion addresses whether to include TDS payment details from Form 27Q for NRI property purchases in your Income Tax Return (ITR). It also clarifies reporting professional income and bank interest in ITR, especially when TDS has been deducted. The advice suggests specific ITR forms (like ITR-2 or ITR-3/4) depending on income sources and provides guidance on correctly declaring income and TDS in the relevant schedules.

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

121521 Points Posted on 22 July 2023

1. a. Not possible.

b. Not in your ITR.

2. File ITR 3 or 4 you cannot file ITR 1.

Viswa nath

Sales professional

73 Points Posted on 23 July 2023

Thanks Sir,

Q.2 : If majority of Income is from a full-time Job-Salary and have a very nominal income (<40,000) from Professional Services Fees, for which the TDS @ 10% u/s194J has already been deducted.

1. Do we need to Add this professional income as well in ITR1 or ITR2 while TDS deducted is Auto filled in ITR.

2. No expense claimed for the professional service / No Audit needed, Do we still need to go for ITR 3 / 4?