TDS

This query is : Resolved

R SRIDHAR (Querist)
Follow

08 May 2010 dear sir
In respect of salary,if tax was not deducted in a financial year and if the same was found in the month of may of relevant previous year,what is the remedy? whether the tax can be deducted subsequent year and if paid before filing return of income,whether the assessee is liable to penalty and interest.Please clarify.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

08 May 2010 For TDS payment and Form-16 due dates are over with in the April 30th and the employees also they may calculate and paid the tax futher you cannot deduct the same and they will not agree for the second time deduction.So futher deduction in the susequent year practically not possible

Message likes : 1 times

R SRIDHAR

R SRIDHAR (Querist)
Follow

08 May 2010 sir,
Can we collect the tax from employee now and make deposit now. If we do so, then what would be the impact.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

08 May 2010 such as case you are so lucky, collect the same deposit with interest and issue the form 16 and avoid penalty

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Naresh Dhawan

R Prabhudoss

Chnmaya parhi

RAGHUNATH KASIBHOTLA

jayaraman

Subscribe Now

TDS

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA