tds

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Querist : Anonymous

Querist : Anonymous (Querist)

22 March 2010 I am a shopkeeper with annual sales>50 Lacs. I am paying rs/ 1 Lac (one lac) per annum as salary to one of my employee. Now I come to know that he is also working to another place getting salary around 1 lac from there. whether I have to deduct TDS from that.

CMA Arif Farooqui

CMA Arif Farooqui (Expert)

26 March 2010 If there is any tax liability after considering all investment made by him during P/y. then only u have to deduct TdS. TDS will be deducted only at one place, so either u deduct it or ask him to submit a declaration that other employer will deduct it.
other expert view are welcome that is why i still open this quarry.

Querist : Anonymous

Querist : Anonymous (Querist)

27 March 2010 He is saying that he will deposit tax himself.

CMA Arif Farooqui

CMA Arif Farooqui (Expert)

28 March 2010 deduction of tax from employees salary is responsibility of employer. you will be liable in case he has not deposit tax. to be on safer site , u must have to deduct tax

Querist : Anonymous

Querist : Anonymous (Querist)

29 March 2010 If he has paid the tax while filing his return, then is there any liability to me.

CMA Arif Farooqui

CMA Arif Farooqui (Expert)

30 March 2010 no

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