Excess salary paid in previous fy recovered this fy
This query is : Resolved
08 May 2018
Amount of Rs. 44000/- was paid excess salary during FY 16-17 and TDS deducted and remitted to govt. account. Now the department says last year amount paid in excess was due to wrong calculation and is now recovered from this FY17-18 on which too TDS has been deducted. Then how to calculate IT for prev year and this year. Am I to submit revised returns and claim IT refund. if so for how many years can I submit revised return now.
CA R SEETHARAMAN
(Expert)
08 May 2018
Excess salary of last year deducted during the year may be reduced from this year's income and TDS deducted accordingly. Request your employer for reduced TDS.
No need of any revised return.
No need of any revised return.
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