26AS form of a firm, Income Tax

[amit kohli]

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

Posts / Replies

[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/-