TDS Deducted by Employer based on investment declaration from employee
This query is : Open
30 June 2017
TDS Deducted by Employer based on investment declaration from employee in the beginning of the year but in the middle of the year employee left the job and he has not provided any investment proof.
in this case is there any penalty on employer for deducting tax based on investment declaration given by employee?
In any way employer will be responsible for short deducted or excess deducted of tax based on investment declaration given by employee.
CA R SEETHARAMAN
(Expert)
30 June 2017
In this case there is no penalty on employer for deducting tax based on investment declaration given by employee. In any way employer will not be responsible for short deducted or excess deducted of tax based on investment declaration given by employee.
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
- Gst credit note by supplier
- Missed uploading GST Invoice
- Query on effect of registration of property
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Whether output tax is taken credit by purchaser
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Additional trade name
- Visiting card purchase
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
