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Issue ID: 112076
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ITR-4S - TDS from Interest / What about business TDS ?

Date 15 Jun 2017
Replies 0 Replies
Views 782 Views
Asked by
TDS reporting: whether client deducted TDS on business receipts can be reported in the ITR 4S TDS section.
The document asks whether TDS entries in the ITR 4S TDS input sheet-which the form and pre XML checks present as relating to Income from Other Sources, such as interest-may be used to report TDS deducted by clients on business receipts, or whether business activity TDS is not accommodated by the form. (AI Summary)

ITR-4S - TDS from Interest / What about business activity TDS ?

While filling ITR4SUGAM form.
Where are we supposed to fill the details of the TDS deducted by our clients.
There is a sheet for TDS. But the way the form states , it seems to be meant for TDS applicable only for "Income from Other sources" ie Interest etc.
It says so : while filling up "Income from Other sources" to fill schedule TDS 2. And after generating XML. in the pre-XML check sheet generate also it states "Tax on Interest". No of entries and amount of TDS.

can this considered for business activity TDS ? or that tds is not allowed ?
that would be shocking !

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