Tds
Asha
(Querist) 24 September 2012
This query is : Resolved
Plzz hepl regarding this prob. When i imported 26AS of a client it gave the amount credited under section 194C near about 18 lacs but no TDS.Is it possible that No TDs is deducted on any payment credited or its the fault???
venkatesh Rao
(Expert) 24 September 2012
It is quite possible that out of the amount paid no TDS is made.
pkpworld..
(Expert) 26 September 2012
every deductor of tax has to file quarterly eTDS return. What the figure of deductee included in the quarterly return of the the deductor, it will reflect in the form no.26AS. So the amount which show in the form no.26AS is nothing but the data uploaded by the tax deductor.
If any person find any error in the 26AS he may intimate this to the deductor and requested to file correction/revised return as soon as possible for rectification.
Form 26AS is a very important for an assessee. If the assessee file his/her return of income the income tax departemnt will give credit prepaid tax on the basis of 26AS.
