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Querist : Anonymous

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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.
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
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.
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CA BHARATH KUMAR

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CA BHARATH KUMAR (Expert)
15 November 2013 agreed with PARAS sir
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