Short deduction of tds as the employee has paid advance tax
This query is : Open
Pradeep Vishwakarma
(Querist)
14 April 2016
On Traces portal we are showing with a short deduction default. Which is right as per their calculation but the reason for short deduction was due to the advance tax paid by the employee.
Please let me know how to solve this default problem.
Please let me know how to solve this default problem.
kamal p keswani
(Expert)
15 April 2016
COMPANY WILL HAVE TO DEDUCT TDS AS PER THE SLAB RATE ELSE DEMAND WILL ARISE ON TRACES. EMPLOYEE WILL HAVE TO CLAIM REFUND OF ADVANCE TAX/TDS AFTERWARDS BY FILING HIS RETURN.
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