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Itr-2: schedule tds 2: can you explain columns

ITR 10699 views 3 replies

abhishek sharma

128 Points Joined February 2014

in the new ITR-2, there are 3 columns in schedule TDS 2: 6) Amount b/f, 7) TDS of the current fin. year 8) In own hands

can you explain these columns with some example.

Suppose, I got an interest of 20000 rs., TDS deducted by bank was 2000, and if I was in 30% slab, I paid 3000 as advance tax and 1000 as self assessment tax. Now, tell me that what should be the values of these columns.

Replies (3)

abhishek sharma

128 Points Joined February 2014

there is no tds brought forward from last year, and the bank is not forwarding any tax to next year.

Tribhuvan Aditya Singh

Student as well as Self-employed

3710 Points Joined September 2007

"tds b/f" means the amount of tds that remained unclaimed last year. suppose tds deducted last year was 2000 as per 26as. and you filed your return accordingly. but later on deductor revised its tds return and your 26as showed tds of 2500. now since you have filed your return and time limit to revise return has also expired you cannot claim the excess 500..... but now due to amendment in new itr you will be able to claim that 500 also in current year and this will be mentioned in this column.