01 May 2014
Should rebate of Rs. 2,000/= be claimed by deductor employer while deducting T.D.S. as there is no column to mention the same in T.D.S. Return 24Q Annexure II?
02 May 2014
well this is the problem many deductors are facing. While circular 8 of 2013 dated 10 october 2013 does allow providing rebate under 87A, TDS returns/Form 16 have not covered the same. Out of abundant caution, i would suggest that you should not consider the deduction since there is a risk of TDSCPC issuing notice for short deductions.