tax on salary
This query is : Resolved
18 July 2011
For 2 employees the tax on salary got missed out (the incentive paid to them were got skipped while arriving at their tax liability.)We have deposited the tax in the month of July (along with the penalty). Form 16 have already been issued to them. How to show this now?. In form 16 the tax liability is more than the tax deposited for them. They will get a notice from IT Dept if they file their return. How to handle this ?
Thanks a lot for the reply. But if we ammend form 16, will their be any type of default we would fall in? (last date of issuing form 16 is 30th April.)
Also we have not made provision in our books for TDS to this effect. How will I match my returns of 24 Q with the ledger balance. Please advise..
Thanks a lot for the reply. But if we ammend form 16, will their be any type of default we would fall in? (last date of issuing form 16 is 30th April.)
Also we have not made provision in our books for TDS to this effect. How will I match my returns of 24 Q with the ledger balance. Please advise..
18 July 2011
you revise your TDS return as per correct calculation and amend the Form 16 accordingly and re issue the same
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
- Gst registered proprietorship firm
- TDS Challan - change of FY 2025-26 to TY 2026-27
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Non filing of I T Returns
- UDIN ISSUE
- SALARY CAN BE CAPITALIZE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- TDS on Fixed Assets purchased
- TDS on purchase of under construction property from a reseller
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
