TDS us 194N
This query is : Open
26 July 2020
Tds deducted u/s 194N but this not my income, at the time of bifurcation of tds under which head it will be shown?
If I choose other sources then it will be taxed and 2nd option is exempt income.
Should I proceed with exempt income
If I choose other sources then it will be taxed and 2nd option is exempt income.
Should I proceed with exempt income
26 July 2020
Dear Satyam
TDS u/s 194N will be deducted on cash withdrawal above a certain limit. Unlike other TDS provisions, it is not TDS on any income. Therefore question about showing it as income from other sources and then showing it as exempt income does not arise.
TDS u/s 194N will be deducted on cash withdrawal above a certain limit. Unlike other TDS provisions, it is not TDS on any income. Therefore question about showing it as income from other sources and then showing it as exempt income does not arise.
26 July 2020
Dear Sir,
at the time of ITR while filling schedule TDS 2(1) tds other than TDS on salary:
we have to choose"Head of Income" and which is mandatory then which head should I choose for TDS 194N?
26 July 2020
Dear Satyam,
I think such issue will be addressed in the ITR forms for AY 2021-22 i.e when you file the return in July 2021.
27 July 2020
Dear Raj Sir,
this is applicable for AY 2020-21. there is an amendment that is applicable from 1st july2020.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
