Salary class
This query is : Resolved
02 January 2013
WHTHER SALARY CLASS PEOPLE CAN PAY ADVANCE TAX INSTEAD OF TDS DEDUCTION, IN CASE THERE TAX LIABLITY EXCEEDS 10000RS OR MORE?
CA PARAS BAFNA
(Expert)
02 January 2013
THEY ARE NOT DENIED FROM MAKING ADVANCE TAX PAYMENTS, BUT THE EMPLOYER MUST HAVE PROPER EXCUSE FOR NON DEDUCTION OF TDS.
.
IF THE TAX LIABILITY IS IN RESPECT OF SALARY INCOME ONLY, THEN , IT'S COMPULSORY FOR THE EMPLOYER TO DEDUCT TAX. HE IS NOT SUPPOSED TO CONSIDER THE ADVANCE TAX, EVENTHOUGH HE MAY CONSIDER ANY OTHER TDS.
.
IF THE TAX LIABILITY IS IN RESPECT OF SALARY INCOME ONLY, THEN , IT'S COMPULSORY FOR THE EMPLOYER TO DEDUCT TAX. HE IS NOT SUPPOSED TO CONSIDER THE ADVANCE TAX, EVENTHOUGH HE MAY CONSIDER ANY OTHER TDS.
CA PARAS BAFNA
(Expert)
02 January 2013
HE CAN SHOW THE SAME IN HIS RETURN AND CAN GET REFUND.
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