Income tax
This query is : Resolved
16 December 2014
Sir suppose Mr Y(Properitorship under audit) has filled tds return of salary employee with net taxable income and employee has filled his return and it is processed at cpc and Mr.y has filled his audited report with total salary. It will make any problem kindly reply us on urgent
16 December 2014
why there will be problme????
16 December 2014
audit report show of total salary paid and tds return amount with net taxable salary
16 December 2014
then u rectify either of them...............
17 December 2014
u file a revise return for the employee as time limit for fy 12-13 is 31.3.2015
17 December 2014
Suppose if employee not revised the return what will happen
reply on urgent
reply on urgent
19 December 2014
Suppose if employee not revised the return what will happen reply on urgent
19 December 2014
then in assessment they will find out the mistake and penalty may be imposed.
19 December 2014
cant say which assessmnet will be done like 143 (1) or 143(3) or 153 or 148 etc all have diff time limit and penalty min of 100% till 300 % of tax sought to be evaded.
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