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Tds Receivable

Others 237 views 4 replies
Dear Sir

I have billed 500,000 to a party for fy 18-19 and he has paid me rs 100000 after deducting TDS please suggest how to show it in income tax return now.

Tds deduction- us 194J 10000
Actual deduction should be - 50000
Replies (4)
u should show the actual deduction.
although in ITR, it would be automatically put the balance from 26AS.
dear sir please give the example 🙏I m Still a little confused

1. TDS is the responsibility of the payer and you cannot do anything if he dint deduct or short deducted. 
2. If your income is Rs. 500,000 from profession show the same under the appropriate category and show the amount of TDS deducted as per 26AS. 
3. If you prefill the ITR the income and TDS column in ITR will automatically get filled and you can file it directly. 
4. There is nothing to worry if the payer has short deducted the TDS as it is his responsibility to deduct the correct amount of TDS. 
Please correct me if the above solution has an alternative view. 

but sir if Deductor submits to the next year, then how will we show in the Itr filling


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