form 26as actually shows what are the financial transaction exactly??
here tax deduction at source detector details is showned
here what is mean by Tax amount paid/credited???
credited means what actually please explain elabrotely
6 Replies
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 02 March 2023
26AS shows Tds , Tds , Advance Tax , Refund paid details and also financial transactions like sale of house , purchase of house , Buy and redemption of mutual funds , Dividend, interest etc
MPR Sanjay Kumar
(3118 Points)
Replied 02 March 2023
Dear eswar Reddy sir here amount paid or credited means???
V SUBRAMANIAM
(504 Points)
Replied 02 March 2023
Tds to be deducted amount paid or account credited whichever occurs earlier.
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 02 March 2023
@ MPR Sanjay Kumar,
Amount paid means the actual payment from bank or cash ,
Amount credited means , full invoice value
Amount paid means the actual payment from bank or cash ,
Amount credited means , full invoice value
MPR Sanjay Kumar
(3118 Points)
Replied 02 March 2023
@ eswar Reddy sir for an example IAM paying dividend to my shareholder so TDS applicable 10% of exceed 5000
Sixthousand * 10% = 600 TDS amount
So remaining five thousand four hundred IAM paying to my share holder
So here how it will reflect in form 26 AS....
Eswar Reddy S
(CFO- at NHTF)
(58270 Points)
Replied 02 March 2023
5000/- will be amount paid / credited
Since 4500 + 500 ( Total amount paid or credited 5000/-)
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