Salary & tds
This query is : Resolved
23 December 2014
What will be happen in this case?
Mr A (Proprietor Under audit) file tds return of Salary employee with net taxable salary not with gross salary in FY 2012-13 and issued salary certificate with Gross salary less allowance and Employee has file his return and processed at CPC.
What to do?
Mr A (Proprietor Under audit) file tds return of Salary employee with net taxable salary not with gross salary in FY 2012-13 and issued salary certificate with Gross salary less allowance and Employee has file his return and processed at CPC.
What to do?
23 December 2014
Nothing will happen. The employee has offerred CORRECT income to REVENUE
And so far as TDS return is concerned, many people make the same mistake...CPC TDS is well aware of that. (This is because the words used as "Salary paid or credited" always makes confusion even in the minds of Commerce person) So dont worry
And so far as TDS return is concerned, many people make the same mistake...CPC TDS is well aware of that. (This is because the words used as "Salary paid or credited" always makes confusion even in the minds of Commerce person) So dont worry
23 December 2014
If employee has filed the return based on gross salary less exempted allowances no problem. Tell me what problem you faced after processing at CPC.
23 December 2014
Is audit report should be check with TDS return?
Reply me on urgent
Reply me on urgent
24 December 2014
Tax auditor will only check TDS not TDS return.
24 December 2014
is department will check audit report file by assess with tds return.
rply on urgent
rply on urgent
24 December 2014
is department will check audit report file by assess with tds return.
rply on urgent
rply on urgent
24 December 2014
TDS return processing is separate and tax return processing is separate tell me what is your problem. you can correct/revise your TDS return.
24 December 2014
yes it is part of salary only ...........
24 December 2014
i am not considereing in tds calcuation what will i do?
i dont want to revised the tds return
i dont want to revised the tds return
24 December 2014
You have to consider it make TDS and pay it with interest and revise TDS return else the expenditure will be disallowed it will also be highlighted in the tax audit report.
24 December 2014
agree with seetharam's view
25 December 2014
If it is shown in the audit report the expenditure will be disallowed.
26 December 2014
Mr X Prop. whose books is not audited for the FY 2013-14 know it is found that tds on salary of 1 employees has deduted short?
now doing the audit should i suggest him to pay tds with interest?
It should be shown in audit report as disallowed expenditure?
kindly rply me on urgnet
now doing the audit should i suggest him to pay tds with interest?
It should be shown in audit report as disallowed expenditure?
kindly rply me on urgnet
26 December 2014
If employee filed the return including the bonus and paid tax obtain a certificate from CA of employee no further deduction is required. The facts may be reported in the audit report no dis-allowance will be there.
26 December 2014
sir shuld we convert bouns to advance given to empolyee and take chq from employee for bonus amount
26 December 2014
Will not help you any thing done now.
26 December 2014
sir pls suggest what will i do? as employee has also not show bonus in his return.
pls help me
pls help me
26 December 2014
Better to comply with tax rules.
29 December 2014
as an auditor go by income tax rules.Report it. As tax auditor you are protecting REVENUE and NOT your client.
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