23 December 2014
What will be happen in this case? Mr A (Proprietor Under audit) file tds return of Salary employee with net taxable salary not with gross salary in FY 2012-13 and issued salary certificate with Gross salary less allowance and Employee has file his return and processed at CPC. What to do?
23 December 2014
Nothing will happen. The employee has offerred CORRECT income to REVENUE
And so far as TDS return is concerned, many people make the same mistake...CPC TDS is well aware of that. (This is because the words used as "Salary paid or credited" always makes confusion even in the minds of Commerce person) So dont worry
23 December 2014
If employee has filed the return based on gross salary less exempted allowances no problem. Tell me what problem you faced after processing at CPC.
24 December 2014
TDS return processing is separate and tax return processing is separate tell me what is your problem. you can correct/revise your TDS return.
24 December 2014
You have to consider it make TDS and pay it with interest and revise TDS return else the expenditure will be disallowed it will also be highlighted in the tax audit report.
26 December 2014
If employee filed the return including the bonus and paid tax obtain a certificate from CA of employee no further deduction is required. The facts may be reported in the audit report no dis-allowance will be there.
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