Advance tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 July 2014
hi,
I am a salaried employee & had been getting my TDS deducted at lower amount than the required amount as per my taxable projections.
Anticipating the shortfall in TDS deducted I wrongly paid advance tax in hurry, whereas my employer also deducted TDS of equal value.
Now, I want my employer to reverse deducted before he deposits the same with Tax authorities, on the basis of showing him the advance tax payment challan.
But my employer's accounts department is not agreeing, though rightly, & wanting me to show some basis to adjust the said advance tax & waive off the balance TDS deduction..
Pls advise how can I save myself from additional TDS & from claiming refund later on due to double taxation.
Thanks..!
I am a salaried employee & had been getting my TDS deducted at lower amount than the required amount as per my taxable projections.
Anticipating the shortfall in TDS deducted I wrongly paid advance tax in hurry, whereas my employer also deducted TDS of equal value.
Now, I want my employer to reverse deducted before he deposits the same with Tax authorities, on the basis of showing him the advance tax payment challan.
But my employer's accounts department is not agreeing, though rightly, & wanting me to show some basis to adjust the said advance tax & waive off the balance TDS deduction..
Pls advise how can I save myself from additional TDS & from claiming refund later on due to double taxation.
Thanks..!
30 July 2014
in all probability your employer wont agree because if he deducts lower tax, he will get a short deduction notice from income-tax department
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Treatment of Pension ?annuity returns on PMVY
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Regarding IMS Mandatory from 1st July 2026
- Free lancer income
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
