Regarding tds deduction
This query is : Resolved
19 March 2014
Sir,
If any employee have Fixed Deposit and bank has not deducted TDS on the said FD.
In this connection employee has declared the said income to employer to deduct the TDS bacause he is in tax limit.
Now, Pls. tell me can employer can deduct TDS on the said declared income?
If any employee have Fixed Deposit and bank has not deducted TDS on the said FD.
In this connection employee has declared the said income to employer to deduct the TDS bacause he is in tax limit.
Now, Pls. tell me can employer can deduct TDS on the said declared income?
19 March 2014
yes you can do so...make sure you allow him deduction of Rs 10000 under 80TTA,
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20 March 2014
sir
I have few question regarding the above :
01. if bank deduct tds on said interest they will deposit the same under Section 194 A and if an employer will deduct the TDS then they will deposit the same under section 192B. Can we do so?
02.Should we include their interest amount in paid Salary to file 24Q ?
03. If any employee getting pension and he declare the income from pension to new employer then should we deduct TDS on that Pension amount and what about 24Q in this ragard.
Sir. Pls. clear the above doubts.
I have few question regarding the above :
01. if bank deduct tds on said interest they will deposit the same under Section 194 A and if an employer will deduct the TDS then they will deposit the same under section 192B. Can we do so?
02.Should we include their interest amount in paid Salary to file 24Q ?
03. If any employee getting pension and he declare the income from pension to new employer then should we deduct TDS on that Pension amount and what about 24Q in this ragard.
Sir. Pls. clear the above doubts.
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