Income as per 26as

This query is : Resolved 

15 July 2015 Dear Experts I have received Rs.Rent(1,40,000)+ST (17,304)-TDS(15,730) = Net Rent (1,41,574=00)per month. My query is that As per 26AS my income is Rent + Service Tax I have already remitted ST To department While filing my IT Return Shall I consider only Rent portion or both please advise me in this regard. Thanks in advance

15 July 2015 First of all, TDS will b deducted exclusive of ST, i.e, on 140K, in ur case. So u must ask ur client regarding that. And regarding income 140k is ur Rental income, so u must show that amount in ur IT Return.

15 July 2015 Please update the rent income in your ITR







15 July 2015 Only rent portion i.e Rs. 1,40,000 is to be considered in income.Service tax is your liability not an income.



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