TDS Deductation
This query is : Resolved
28 July 2009
If employer not deducted TDS on salary of Employees properly and issued form 16 and at the time of filling return, Employee finds that tax liability on salary is more than employer‘s TDS deduction then what remedy have for employee. Is it required to deposit tax by employees for own liability or company liable for this and what is the consequences for this?
28 July 2009
If the TDS is less deducted, then before filing of return, assesee has to deposit the balance amount of tax payable i.e self assessment tax in Challan No. 280 in bank by cash or cheque.
The detail of the same will be filled in respective ITR applicable to assessee.
In case the assessee get the tax deposited within due date, the return can be filed even after 31st July but the same will not be revised at any later stage.
The detail of the same will be filled in respective ITR applicable to assessee.
In case the assessee get the tax deposited within due date, the return can be filed even after 31st July but the same will not be revised at any later stage.
28 July 2009
Thanks a lot
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- TDS ON CASH WITHDRAWALS...
- Reporting of STCG on Property in ITR
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
