Sir,
In my 26AS an income u/s 194IB of ₹ 1,71,410/- is shown and ₹ 17,141/- is shown in TDS deducted column. I don't know about this income. What should I do before filing my ITR for the previous year.
ABHAY JAIN
+91-9013535053
mailID: [email protected]
Withholding under Section 194IB: reconcile unexplained Form 26AS entry with the deductor before filing the income tax return. An unexplained entry in Form 26AS records income under withholding (u/s 194IB) and matching TDS; the taxpayer must identify and reconcile the reported income and TDS with the deductor or record custodian before filing the income tax return to resolve the mismatch. (AI Summary)