Salary details in tds return
This query is : Resolved
11 February 2017
Respected Experts,
We are manufacturing & Pvt. Ltd. unit and having turnover around 20 Cr.
Should we show the below details in TDS Return (24Q) :-
- Gross Salary is above Rs. 2.5 Lacs but net salary is below Rs. 2.5 Lacs.-
Is there any compliance to collect copy of PAN of employee whose Gross Salary is above Rs. 2.5 Lacs?
Regards,
Rakesh Sharma
We are manufacturing & Pvt. Ltd. unit and having turnover around 20 Cr.
Should we show the below details in TDS Return (24Q) :-
- Gross Salary is above Rs. 2.5 Lacs but net salary is below Rs. 2.5 Lacs.-
Is there any compliance to collect copy of PAN of employee whose Gross Salary is above Rs. 2.5 Lacs?
Regards,
Rakesh Sharma
11 February 2017
as far as liability of TDS is concerned, if you are required to deduct TDS then and only the same is req. to be reported in TDS return.
For other compliance,
1. if salary is > 1.5 lakh = issue Form 12BA and collect mentioned proof in form from Employee + Form 16
2. if salary is < 1.5 lakh = Form 16
apart from this Form 12BB is required to be maintained by Employer if particulars of Form is attracted
For other compliance,
1. if salary is > 1.5 lakh = issue Form 12BA and collect mentioned proof in form from Employee + Form 16
2. if salary is < 1.5 lakh = Form 16
apart from this Form 12BB is required to be maintained by Employer if particulars of Form is attracted
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Off Market debit and credit transaction
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Treatment of Pension ?annuity returns on PMVY
- Last year TDS Claim
- RNOR Status but Investments more than Income
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
