26AS form of a firm

[Guest]

While assessing the 26AS of a firm, please tell me whether the column 'amount paid/credited' is the amount which includes taxes as well

Thanks and regards

[DR.MARIAPPAN GOVINDARAJAN]

In Form 26AS the column 'amount paid/credited' the amount shows is the gross amount payable. The next column is 'Tax deducted' i.e., TDS to be deducted and the next column is 'Tax deposited' i.e., the TDS recovered deposited in the credit of the Central Government. For example-

The amount paid/credit is ₹ 65560/-

Total Tax deducted is ₹ 6556/-

Total tax deposited is ₹ 6556/-

AI Summary

Amount paid/credited reflects gross payment; separate columns record tax deducted and tax deposited for reconciliation. The amount paid/credited in Form 26AS is the gross payment or credit before withholding; separate columns record Tax deducted (TDS withheld) and Tax deposited (TDS remitted to the government), so reconciliation treats amount paid/credited as the pre-deduction base with tax deducted and deposited shown distinctly.