Tds deduction after allotment of tan.
This query is : Resolved
06 August 2012
A company has got incorporated on 19.06.2012 and before its incorporation was paying salary to its employees cum director. the company has applied for TAn on 21.06.2012 and allotted TAN on 26.07.2012. Whether the company needs to pay TDS before 7.08.2012? Does the company needs to pay interest for salary paid for the month of june.
06 August 2012
Please check the amount of Salary Paid to the employee.
.
In case the amount is below the taxable limit i.e. 2.00 lac, you would not require to pay any interest.
.
The TAN No has been obtained for the very purpose of TDS matters only. It is workable and becomes effective as and when it is issued. If the director-cum-employee will be retained by the co. , then start deducting Tax on his salary by averaging out his total Tax Liability.
.
.
In case the amount is below the taxable limit i.e. 2.00 lac, you would not require to pay any interest.
.
The TAN No has been obtained for the very purpose of TDS matters only. It is workable and becomes effective as and when it is issued. If the director-cum-employee will be retained by the co. , then start deducting Tax on his salary by averaging out his total Tax Liability.
.
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
- Section 270A penalty
- GST Registration Application -Rejected
- GSTR 1- Amend Credit Note
- GSTR 9C- Table 9
- International transfer pricing- -> father entity vs son entity ->WHERE NO mutual say in management
- Tax liability on gift amount given to blood relation
- To Whom the Professional Invoice should be Raise
- Form 104 stamp paper deed
- Reimbursement of expense- GST applicable or not
- Acting as an Agent
- Problem in filing Returns for International workers in EPFO
- Clarification for reversal of IGST on transfer of duty-free imported goods from EOU to DTA unit
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
