Which Option is Select in Form 26Q in Annexure –I

This query is : Resolved

rajesh (Querist)
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04 June 2009
Dear Sir/Madam

In Form 26Q Annexure-I Paid by Book Entry or Otherwise (420) only Two Options are available i.e. Yes/No.

An Assesse which option is select for Below First Point and An Assessee which Option is Select for Below Second Point

1. An Individual Assessee Amount Paid/Credit, TDS Deduct and Paid Details

Amount Paid/Credit 25-02-2009 Rs. 10,000
TDS Deduct 28-2-09 and paid 07-Mar-09

2. An Individual Assessee TDS Deduct by Provision made in the Month of 31st Mar-09 and paid Aprl-09
Amount Paid/Credit 31-03-2009 Rs. 15,000
TDS Deduct 31-3-09 and paid 07-April-09

This option is select on basis of TDS Paid Date or Gross Amount Paid Date. Please tell its very Urgent.

THANKS IN ADVANCE

CA. Dashrath Maheshwari

CA. Dashrath Maheshwari (Expert)
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04 June 2009 If payment to the parties (on which TDS has been deducted) has been made actually i.e. by cash, cheque, demand draft or any other acceptable mode, then 'otherwise' has to be mentioned in the specified field.
But if payment has not been actually made and merely a provision has been made on the last date of the accounting year, then the option 'Paid by Book Entry' has to be selected.
The book entry field can be used by government accounts officers.

rajesh

rajesh (Querist)
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04 June 2009 Thanks for your Reply Mr. D.M. Sir

Sir in our E-TDS Software dont have 'otherwise' option in Coloum (420) in Annexure -I only two Optins are available i.e. Yes/No. please tell which option is select in these following cases.

1. Amount paid to Parties by Cash/Cheque/D.D.

2. Provision Made for Payable amount of Parties and TDS Paid after the March
Please Tell
Thanks In Advance

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CA. Dashrath Maheshwari

CA. Dashrath Maheshwari (Expert)
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06 June 2009 Select "No" in any of the above cases.
The "yes" is for the book entry, which can be used by government accounts officers.