Zen IT || Transfer TDS to Another Person as per 5A/Rule 37BA (2)
How to Transfer TDS to Another Person’s as per 5A/Rule 37BA(2)
This process enables you to transfer your TDS (Tax Deducted at Source) to another person's as per 5A/Rule 37BA(2). Please follow these steps:
Step 1:
Go to Transaction >> Tax Details:
1. Click on the option "Amount Claimed as per 5A or 37BA(2)." Then, enter the total income/amount paid/credited that is transferred to another person in the annexure.
2. Enter the TDS amount you wish to Transfer.
3. Enter the PAN number of the person who has claimed the TDS.
4. Enter the Aadhar number of the person who has claimed the TDS.
To Claim another person's TDS amount as per Rule 5A/37BA(2), please follow the knowledge base provided: Click here to follow me.
Upon completion of these steps, the TDS will be transferred to the other person’s account, allowing it to be claimed under their profile.
Hope this Helps.