Excess Advance Tax Credit adjustement against tds lia Tds l
This query is : Resolved
Vicky C Lakhwani
(Querist)
26 March 2011
Hi Dear
Suppose employer start to deduct tds on salary but in the mid of financial year he stop to deduct tds on salary for further months as employee has paid more advance tax hence when we are computing overall income of employee we find that tds already deducted+ advance tax paid is already more then what employee tax liability comes hence because of which employer subsequent doesn't deduct tds from salary> Now tds officer issue notice to employer that why tds not deducted for renaming months & he is demanding now tds liability with interest amount. Employer explain to tds officer but he want some strong evidence. So please friends & experts kindly advise on above mater and provide any case law reference u had
Suppose employer start to deduct tds on salary but in the mid of financial year he stop to deduct tds on salary for further months as employee has paid more advance tax hence when we are computing overall income of employee we find that tds already deducted+ advance tax paid is already more then what employee tax liability comes hence because of which employer subsequent doesn't deduct tds from salary> Now tds officer issue notice to employer that why tds not deducted for renaming months & he is demanding now tds liability with interest amount. Employer explain to tds officer but he want some strong evidence. So please friends & experts kindly advise on above mater and provide any case law reference u had
Ram Avtar Singh
(Expert)
26 March 2011
Advance tax seperet issue.
TDS to be deduct at timely and to be deposit timely.
TDS to be deduct at timely and to be deposit timely.
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26 March 2011
Challan for payment of advance tax by the employee is the strongest evidence. Produce it before the authority.
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Ram Avtar Singh
(Expert)
27 March 2011
Yes, If you have copy of advance Tax of Employee and Income Tax return then you can produce it.
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