Tds related

TDS 1458 views 13 replies

My query is, suppose i am earning 39000 rs as intrest on FD and aproxy total 4000 rs TDS deducted by bank then which amount is mentioned in efilling. (income other then salary).

39000/- or 35000/- ????

Replies (13)

Rs.39,000/- will be mentioned under the head Income from other sources in the interest column

gross amount that is 39000 will be the income

Rs 39000/- is to mentioned

Originally posted by : MAHESH GARG

Rs.39,000/- will be mentioned under the head Income from other sources in the interest column

 

YES AGREE....

Rs. 39000 would be mentioned as the Income from Fixed Deposit and Rs. 4000 would be mentioned as the TDS deducted thereon..

Yes Will be mentioned Rs39000 income from other.

Rs.39000 will be shown as income from other sources

 

and rs.4000 will be show as prepaid tax and can be claimed as refund or adjusted against tax as the case may be.

 

Rs 39000/- will be taken as TDS is a deemed income.

 

Gross 39000/- will be shwn as income from interest.

TDS of 4000/- will be deducted from Tax Payable on Total income...

Income From Other source Rs.39000/- & TDS Rs.3900/-

Rs. 39000/- as your Gross Total Income....

Rs 39000  income will be taken as other than salary  (recieved + tds). Tds which is deducted is part of our income


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