Sal & remu details in resp to income tax asesment u/s 142

This query is : Resolved

Puran Singh Dangwal (Querist)
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17 November 2018 Dear Experts

In response to the documents asked by tax department for assessment of ITR of the company for a particular year ,the employer is required to submit salary/remuneration details with below details along with other non-salary details of financials.

My queries are

1, Are all details are mandatory and relevant ? Why are they asking Banking details.?

2. At Sr. no. 6, what details should be provided ?
(i) Gross salary as per salary registers(all twelve months) before any deduction(PF/Tax) will suffice ? This details will not have reim(tele/books/LTA etc) and other perqs directly paid by employer for employees ? or
(ii) details from 24Q Annual salary details( that has gross taxable salary including taxable Perqs), will serve the purpose ?
With which they will cross check the above submitted details ? Please guide all the query.

1, Name of employees 2. Address along with contact nos 3.Designation and Nature of work 4. Qualification 5. Permanent Account Number 6. Amount of salary and remuneration paid during the year 7.Account number and bank address of the employee where salary/remuneration is deposited

Many thanks
Regards
Puran

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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25 November 2018 All the details asked for by the assessing officer should be provided.
Details of bank account in which the salary has been deposited have been asked for to check compliance with Section 40A(3),

Puran Singh Dangwal

Puran Singh Dangwal (Querist)
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25 November 2018 Dear Mr. Bhardwaj
Thanks.
The said section deals with the disallowance of the expenditure if payment for the same has been made in cash for amount exceeding Rs. 10 000 in a day. Not able to understand how the AO will determine this. Anyway we have been making payment via direct transfer to bank only.
I wanted to know if details (already in form 16) should be provided.

Regards
Puran

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