short deduction of tds
This query is : Resolved
10 May 2011
Sir
I have for the AY 2011-2012 (F.Y 10-11) short deducted tax amount of Rs.2916/- for the salary of one employee during the month of March 2011. Annual returns were also filed without that amount. But TDS certificate for the employee not yet issued. It will be issued before May 31st 2011. And for the month of April 2011 I have deducted and remitted tds of Rs.4500/- in the month of May 2011. My query is
What will be the consequences of short deduction for the F Y 10-11?
Whether any adjustment can be made with the amount deducted during May 31st 2011 so that the short deduction can be adjusted with the above amount?
Whether I can correct the annual return already filed if any adjustment is possible with the amount deducted during May 2011
I have for the AY 2011-2012 (F.Y 10-11) short deducted tax amount of Rs.2916/- for the salary of one employee during the month of March 2011. Annual returns were also filed without that amount. But TDS certificate for the employee not yet issued. It will be issued before May 31st 2011. And for the month of April 2011 I have deducted and remitted tds of Rs.4500/- in the month of May 2011. My query is
What will be the consequences of short deduction for the F Y 10-11?
Whether any adjustment can be made with the amount deducted during May 31st 2011 so that the short deduction can be adjusted with the above amount?
Whether I can correct the annual return already filed if any adjustment is possible with the amount deducted during May 2011
10 May 2011
Pay the difference amount along with two months interest & file the revised 24Q
Message likes :
1 times
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
- About TDS & Income Tax
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Not able to file ITR
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- Rental income of jointly held property
- Regarding ITR filing with more value than showing in AIS/TIS
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
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
