TDS in case of salary
This query is : Resolved
21 March 2009
In case of salary TDS will be attracted as & when payment is made. Therefore if in a previous year say 2007-08 salary is only due i.e.whole years salary is paid in subsequent year 2008-09 and the TDS accordingly. My question is in A.Y 2008-09 salary is taxed on due basis and as there is no TDS whether employee has to pay the tax from his hand or can he use TDS certificate of pertaing to A.Y.2009-10?
21 March 2009
Sir,
If I am able to understand your query, the answer of your question is as below
Income-tax (Sixth Amendment) Rules, 2009 - Insertion of rule 37BA
NOTIFICATION NO. 28/2009, DATED 16-3-2009
Rule 37BA
(3) (i) Credit for tax deducted at source and paid to the Central Government, shall be given for the assessment year for which such income is assessable.
Please inform me is they serves your purpose
so as per my perceptive the person can claim TDS credit shall be available to the person.
Regards,,,,,,,,,,,,!
If I am able to understand your query, the answer of your question is as below
Income-tax (Sixth Amendment) Rules, 2009 - Insertion of rule 37BA
NOTIFICATION NO. 28/2009, DATED 16-3-2009
Rule 37BA
(3) (i) Credit for tax deducted at source and paid to the Central Government, shall be given for the assessment year for which such income is assessable.
Please inform me is they serves your purpose
so as per my perceptive the person can claim TDS credit shall be available to the person.
Regards,,,,,,,,,,,,!
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