TDS on Bonus and Leave Pay
This query is : Resolved
19 April 2008
TDS Certificate for Salary is required to be issued to employees before 30th April. In most cases accounts are finalized after that date and Provisions of Bonus is made as per availability of Profit and sometime after negotiation with employees/ union etc. Since Bonus and Leave Pay are related with the accounting year ended on 31st March, a provision is made for the same in accounts on 31st March at the time of finalization of accounts.
Hence, it is difficult to deduct TDS before March end, payment of the same to the Government and issue of TDS Certificate before 30th April.
Please enlighten the Provision for deduction of TDS, payment thereof and issue of Certificate. Like wise Employees are also not in the position to wait till finalization of account for filing their Individual Returns.
Hence, it is difficult to deduct TDS before March end, payment of the same to the Government and issue of TDS Certificate before 30th April.
Please enlighten the Provision for deduction of TDS, payment thereof and issue of Certificate. Like wise Employees are also not in the position to wait till finalization of account for filing their Individual Returns.
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
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Withdrawal in cash from partners capital account by partner
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Putting a heading on received mail
- Section 50-fixed asset-->building ceases to exist
- TDS on TRUST
- Regarding Applicability of Tax Audit u/s 44AB
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
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
