TDS or Advance tax!

Last post 07-12-2011 7:57 AM by suryadeep. 6 replies.
Page 1 of 1 (7 items)
Sort Posts: Previous Next
  • 07-08-2011 10:15 PM

    • AMITANSHU
    • Not Ranked
    • Joined on 06-11-2011
    • Posts 1
    • Points 20

    TDS or Advance tax!

    I have got arrears in june 2010 on which my employer deducted tax of 2100 rs. should I show it in TDS or in advance tax In ITR?
    • Post Points: 20
  • 07-09-2011 1:37 AM In reply to

    Re: TDS or Advance tax!

     Hello Amit,

       

    You need to show the the tax deducted by your employer in TDS  not in advance tax 

     

    With Regards!!!!

    • Post Points: 20
  • 07-10-2011 10:22 AM In reply to

    Re: TDS or Advance tax!

    If My Employer has deducted some amount of Tax from my Salary and I show it in TDS , then do i need to fill the BSR Code & Challan No. in the Saral Form
    • Post Points: 20
  • 07-10-2011 10:29 AM In reply to

    • gurubhai
    • Top 25 Contributor
    • Joined on 02-24-2011
    • Posts 80
    • Points 775

    Re: TDS or Advance tax!

    No you don't need to else it will lead to double counting.

    • Post Points: 20
  • 07-10-2011 10:34 AM In reply to

    Re: TDS or Advance tax!

    But in my form 16 , the employer has indicated the BSR Code , Challan No. & the Date of Deposit...then How would the IT authorities would verify the submission amount and its validity
    • Post Points: 5
  • 07-12-2011 7:40 AM In reply to

    Re: TDS or Advance tax!

    Please reply to the earlier querry
    • Post Points: 20
  • 07-12-2011 7:57 AM In reply to

    Re: TDS or Advance tax!

    Since the tax has already been deposited against your PAN no., the IT department already has all the data with them. You need not worry about it.

    The details in form 16 is merely for your reference so that you can verify against form 26AS. You can see actually how much tax was paid to the Govt and when.  You should check it out. Here is an article about it http://www.investmentyogi.com/taxes/how-to-view-your-tax-credit-form-26as.aspx

    • Post Points: 5
Page 1 of 1 (7 items)
Control Panel
Admin Console