Tds in case of outstanding salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 October 2012
as per sec 192 ,tds on salary is to be deducted when salary is paid.
So what happens in case of outstanding salary.Is there any requirement to deduct and pay tds ? If yes , what % of interest be charged under sec 201(1% or 1.5% pm)? Is the employer required to file Quarterly returns?
Plz help.
thanks in advance!
So what happens in case of outstanding salary.Is there any requirement to deduct and pay tds ? If yes , what % of interest be charged under sec 201(1% or 1.5% pm)? Is the employer required to file Quarterly returns?
Plz help.
thanks in advance!
04 October 2012
TDS on salary need to deduct on accrual or paid which ever is earlier. so once accrued TDS need to be deducted. There is 2 situations if the TDS deducted not paid then interest rate is 1.50% per month interest, if TDS need to be deduct but not deducted then 1% per month. so this case 1.50% interest. quarterly return also need to be filed
04 October 2012
Agree with expert.
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Banking Related Issue
- Traces submitting correction statement error
- ITR-Capital Gain
- ITR-3 File/Error Found
- Rent claimed on building given on permissive possession basis
- IT returns for fresh job holders
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
