Tds
This query is : Resolved
25 July 2012
Dear All
If TDS of any employee is not deducted and company filed the TDS return, what will be the consequences, when employee files his income tax return and pay taxe.
Hope for an eraly reply
Thanks
Aadish
If TDS of any employee is not deducted and company filed the TDS return, what will be the consequences, when employee files his income tax return and pay taxe.
Hope for an eraly reply
Thanks
Aadish
25 July 2012
Yes. if the employer not deducted TDS , employee need to pay tax directly before filing the return
25 July 2012
employee pay tax directly . if tds not deducted
25 July 2012
Dear all asked what will be the consequences of not deducting tds on employer ???????????????/
25 July 2012
as an employer prospects, while TDS assessment they will be attract penalty for non deduction of TDS the amount equal to TDS amount u/s.271C
26 July 2012
Mr CMA Ramesh Krishnan,
The present system is that if an employee pays his tax liability himself and files Return of Income Tax well in time then Employer will not be fined. However, all depends on amount of tax.
The present system is that if an employee pays his tax liability himself and files Return of Income Tax well in time then Employer will not be fined. However, all depends on amount of tax.
26 July 2012
yaar tds is to be deducted within financial year and employee will pay tax when he file his return .....i think ramesh ji is right.
26 July 2012
Mr Aadish!
Yes Mr Ramesh ji right. I talked about penalty.
No doubt employee will pay tax later on while filing ITR. I also quoted that amount of tax also matters.
I never said Mr Ramesh Ji wrong but carried his word onward.
contact@vkbajaj.co.in
Yes Mr Ramesh ji right. I talked about penalty.
No doubt employee will pay tax later on while filing ITR. I also quoted that amount of tax also matters.
I never said Mr Ramesh Ji wrong but carried his word onward.
contact@vkbajaj.co.in
26 July 2012
Penalty Clause wiil be there, if employer fails to deduct tax.
Even after employee paid his amount of tax due.
Even after employee paid his amount of tax due.
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
- Short Term Capital gain on shares bought and sold after 2018 onwards
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- Soyabean hsn code and gst rate
- Treatment of Pension ?annuity returns on PMVY
- Capital Gain on EUITY Shares
- Scrutiny assessments u/s 143(2) for AY 25-26
- TDS on payment to CHA as per new section
- Sale of Forign Shares
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Form 10E u/s 89(1). Need clarification because experts opinions differ !!!!
- 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
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
