E-tds return

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 October 2013 I am now using RPU version 3.7 software for filing up e-TDS Return in Form-26Q. My client has deducted tax on Rent on Plant & Machinery @ 2% U/s 194I(a). But in Form 26Q Annexure Part TDS Section Column there is section given in drop down box Section 194IA & 194IB. Now my question is in the case above mentioned what section I will mention? Where as a new Section inserted in the Act, U/s 194IA i.e. TDS on sale of immovable property. Please help me in this case.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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30 October 2013 194IA and IB are not covered under TDS return scheme. So you don't have to mention such deductions in the TDS return.

Querist : Anonymous

Querist : Anonymous (Querist)

30 October 2013 Then what should I do at the time of filing up the e-TDS return in such case where the TDS has already been deducted U/s 194I(a)?

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Nikhil Kaushik

Nikhil Kaushik (Expert)
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30 October 2013 please note that 194IA TDS is not deducted against any TAN. Therefore it wont reflect in your TDS return. You need to issue Form 16b. thats all is sufficient.