Arrear of salary
This query is : Open
02 April 2015
Pls tell about the taxability of arrear of salary.
If xyz co. had stopped working in the year 2000 and now company has been taken over by ABC co. Now in 2015 ABC co. Pays compensation as Arrear of salary to the employee of XYZ co. then,,
1. Taxabilty of such income in the hands of employee?..
2. is the ABC co. liable to deduct TDS on such income?
If xyz co. had stopped working in the year 2000 and now company has been taken over by ABC co. Now in 2015 ABC co. Pays compensation as Arrear of salary to the employee of XYZ co. then,,
1. Taxabilty of such income in the hands of employee?..
2. is the ABC co. liable to deduct TDS on such income?
02 April 2015
1) Taxable in the hands of Employee under the head Income from Salary as per applicable slab.
2) Yes ABC Co. Is liable to deduct TDS as per the provisions of Section 192.
2) Yes ABC Co. Is liable to deduct TDS as per the provisions of Section 192.
03 April 2015
no doubt, it wil b taxable in the hand of employee only.. and co. had to deduct TDS as per his salary
05 April 2015
Thnx 4 rply
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
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
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
