One of our client's 26AS shows that TDS was deducted on the commission receivable by them inclusive of service tax @ 12.36%. What should be the treatment for the same as I believe one has to declare income which should not be less than the gross amount shown in 26AS while in our case, the client can manage to show only the amount exclusive of service tax. Filing a revised return is one option but since the due date is nearing, that option will be ruled out. An eg. to illustrate my doubt clearly:
Commission (ex of ST): 1000
Amount received in Bank: 1012
Service Tax liability (12.36% on 1,000): 124
TDS: 112 (10% on 1,124 instead of 1,000)
CAclubindia
