Tds return filled but raised demand in salary

Page no : 2

nitinjain (accountant) (395 Points)
Replied 07 June 2022

Yes by payer, exact reason is I have shown interest income with their tds deducted by payer but portal dose not consider tds deducted in interest income so for correction can I revise by remove interest income and only show salary then may no tds default

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 07 June 2022

If you have deducted tds then only you have to show the tds under 24Q but tds deducted by should not be shown in 24Q.

1 Like

nitinjain (accountant) (395 Points)
Replied 07 June 2022

If you have deducted tds then only you have to show the tds under 24Q but tds deducted by should not be shown in 24Q.
is it correct sentence

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 07 June 2022

You may add deducted and paid

CA Rashmi Gandhi (Chartered Accountant) (86285 Points)
Replied 07 June 2022

File correction Statement removing interest income and your demand will be nil

2 Like

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 07 June 2022

If employee has given declaration about additional income then it can't be removed just like that

CA Rashmi Gandhi (Chartered Accountant) (86285 Points)
Replied 07 June 2022

It can be removed as we always do in most of our clients and no demand notice issued till date,

1 Like

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 08 June 2022

If it is so then one must inform the employee

CA Rashmi Gandhi (Chartered Accountant) (86285 Points)
Replied 08 June 2022

There is no need to inform employee only correct 16A to be genrate

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 08 June 2022

It appears in form 16 part-b also. So employee may oppose it

CA Rashmi Gandhi (Chartered Accountant) (86285 Points)
Replied 08 June 2022

Why employee will opppose

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 08 June 2022

When employee given declaration about additional income then it will be autopopulated to tds reports

CA Rashmi Gandhi (Chartered Accountant) (86285 Points)
Replied 08 June 2022

What you want to say

CA Rashmi Gandhi (Chartered Accountant) (86285 Points)
Replied 08 June 2022

There is no need for providing additional income other than salary in TDS return for Salary

Eswar Reddy S (CFO- at NHTF) (58213 Points)
Replied 08 June 2022

Any other income reported by employee has to be considered..

It's not only salary, many employees submit housing loan interest certificate.

Housing interest has to be shown under loss from house property.

Open RPU Q4 4.1 version and check once