Excess TDS deducted from Employees
This query is : Resolved
25 November 2008
We have deducted TDS from our employees without considering any savings (Medical allowance, sec 80C etc.,) Now some of our employees have resigned and they want to submit the investment & other proofs.
Is it possible for us to pay back the excess TDS deducted (already deposited to Govt)to the employees?
One of friend says we can't pay back the excess TDS, instead we can issue Form 16 by showing refund.
Please suggest.
Is it possible for us to pay back the excess TDS deducted (already deposited to Govt)to the employees?
One of friend says we can't pay back the excess TDS, instead we can issue Form 16 by showing refund.
Please suggest.
25 November 2008
Your friends opinion is correct.
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