Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 November 2013
Sir,
one of my friend has salary income from partnership firm of Rs.240000/- which was under the tax audit and had failed to deduct TDS on the salary income of Rs.240000/-
Please suggest me how can handle the situation without revising the return of the partnership firm.
one of my friend has salary income from partnership firm of Rs.240000/- which was under the tax audit and had failed to deduct TDS on the salary income of Rs.240000/-
Please suggest me how can handle the situation without revising the return of the partnership firm.
13 November 2013
In case your friend is a partner in that firm, firm is not required to deduct tax.
.
In case your friend is an employee of the firm , the firm was under obligation to deduct TDS on his salary. However, if your friend is paying LIC Premium and his other deductible savings U/s 80C and 80D are higher than 40000/- then suitable explanation can be framed.
.
In case your friend is an employee of the firm , the firm was under obligation to deduct TDS on his salary. However, if your friend is paying LIC Premium and his other deductible savings U/s 80C and 80D are higher than 40000/- then suitable explanation can be framed.
15 November 2013
agreed with PARAS sir
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
- 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
- Scrutiny and reopening of past returns
- F & O PROFIT REPORTING FOR AY 2026-27
- Booth for sales promotion
- Type of Capital Gain
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Average Cost Of High Quality Diamonds
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- 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
- Taxation in the hands of Landowner under JDA
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
