Non Deduction of TDS
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 January 2010
We own a company. We pay one of our employees a salary that is more than the taxable limit. Unfortunately, we have not withheld any TDS for the employee. Is there a penalty? What needs to be done?
CA Prashant Gupta
(Expert)
27 January 2010
if this is for current year deduct all TDS in Jan to Mar salary.
if it is for previous year then make sure employee deposit his all tax to govt.
if it is for previous year then make sure employee deposit his all tax to govt.
CMA Ramesh Krishnan
(Expert)
27 January 2010
Agree Current year TDS you can deduct the Same in Jan-Mar-10
If it the previuos year - Penalty will be the amount which is not deducted by you
If it the previuos year - Penalty will be the amount which is not deducted by you
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