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How to fill 'Tax Details' section in ITR1
June, 25th 2018

The fourth tab in the online ITR1 form is 'Tax Details'. This tab has all the details of the taxes that are deducted from your income in FY 2017-18. This tab comes after you have filled all your income details, i.e., income from salary, house property and other sources, and deductions under sections 80C to 80U (which is tab 3 (Income Details) in the ITR form 1). After tab 3 details are filled on the e-filing website, the online ITR-1 form will automatically calculate the tax that you are liable to pay.

The 'Tax Details' tab shows all the details of the tax deducted, collected, and deposited with the government against your Permanent Account Number (PAN). These details are automatically populated in the online ITR1 from your form 26AS by the e-filing website software.

Form 26AS is your annual consolidated tax passbook containing all the details of tax that has been deposited against your PAN. It usually contains tax deducted by your employer, banks, and advance-tax and self-assessment taxes paid by you. You can download this statement from the TRACES website.

While this section of ITR1 auto-populates the taxes paid from Form 26AS, you must cross check each of these details with the relevant documents (TDS Certificates - Form 16, 16A, etc., tax challans) to ensure that there is no error. If you have provided the wrong PAN information, then taxes deducted will not be reflected in Form-26AS.

1. Details of Tax deducted at source (TDS) from Salary (As per Form-16)
This contains details of tax deducted by your employer from your salary. It shows TAN number, name of your employer (present and former), employer wise break-up of the income chargeable under the head salary and tax deducted at source (TDS) by each of them in FY 2017-18.

You should match tax details in Form 26AS with TDS certificates received by you. If there is a mis-match in your tax details, you should bring it to the deductor's notice and get it corrected. Chartered Accountant, Naveen Wadhwa, DGM, taxmann.com says, "If there is a mis-match in your Form26AS and TDS certificate, you will not get credit of the tax deducted. You can enter these details manually in the schedule but remember that the tax department can ask you about the details of the tax credit availed."

2. Details of TDS from Income other than Salary (As per Form16A)
The second schedule contains details of TDS deducted on incomes other than salaries such as TDS from interest earned from fixed deposits, taxable bonds etc. If interest earned from fixed deposits, recurring deposits or any other bonds or deposits exceeds Rs 10,000 in FY 2017-18, then TDS would be deducted and it would be reflected in this schedule.

3. Details of TDS (As per Form 26QC furnished by the Deductor)
In FY 2017-18, if you have received monthly rent of Rs 50,000 or above, then your tenant should have deducted TDS. These TDS details would be reflected in schedule 3 of 'Tax Details'. You should ask your tenant to provide Form 16C for the details of TDS and match these with the amount reflecting under this head.

4. Details of Tax Collected at Source (TCS) (As per Form 27D issued by the collector)
This schedule contains the details of the tax collected by the seller. Wadhwa says, "TCS will be collected if you have bought any old or new motor vehicle whose value exceeds Rs 10 lakh. The seller will collect tax at the rate of 1 percent of the amount paid by you to buy that motor vehicle. The seller would have issued you Form 27D for the tax collected from you and deposited against against your PAN."

Therefore, if you have bought a motor vehicle in FY 2017-18, whose value exceeds Rs 10 lakh, then make sure this schedule is reflecting the correct details.

5. Details of Advance Tax and self- assessment tax
The last schedule in this tab will show the details of advance tax and self-assessment paid by you. These details are auto-filled from your Form-26AS. It is advisable to check these with the challan of the tax paid details to ensure there is no mis-match.

Wadhwa says, "At times, there can be a delay in updation of Form 26AS with details of advance tax and self-assessment paid by you. In case there is a mis-match, you can enter these details manually and claim tax credit. But do keep tax challan receipts safely in case tax department asks you to provide the proof for the same. "

Taxes paid and verification
Once you have checked the details in the 'Tax Details' tab, the next tab, i.e., the fifth tab 'Taxes Paid and Verification' automatically calculates the tax payable/refundable, if any, to show if there is any amount payable by you or any tax refund due to you.

This tab will show the total amount of taxes paid by you and total tax payable or tax refund, if any. If there is any amount to be paid by you, you should pay it before submitting your ITR. If there is no balance tax payable, then 'Amount Payable' will shown as zero. If any tax refund is due to you, it will be shown in the corresponding cell.

There are certain information that you are required to furnish in 'Taxes Paid and Verification' tab. This includes reporting of exempted incomes and bank details. Click here to know how to report exempted incomes and other information in ITR1.

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