Tds on salary

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 August 2015 WE ARE A COMPANY PAYING SALARY TO MANAGAING DIRECTOR TOTAL ANNUAL SALARY COMES RS.40 LAKH BUT WE DID NOT DEDUCTED TDS ACCORDING TO SALARY BUT DIRECTOR IN HIS PERSONAL COMPUTATION OF INCOME TAX RETURN HE SHOWED HIS SALARY AMOUNT AND PAID SELF ASSESSMENT TAX , NOW WE RECEIVED A NOTICE DEMANDING SHORT PAYMENT NOTICE FROM INCOME TAX ,AT THIS SITUATION WHAT WILL DO

HOW TO AVOID DEFAULT RETURN

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

05 August 2015 you must have deducted tds and also needs to file tds return for same o u need to face consequence for same.

pay int as applicable and file tds return

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

05 August 2015 Please note, TDS is a VICARIOUS liability. It is NOT possible to run away from the same.

Just for the sake of practical aspect, go to the concerned TDS officer and explain the situation.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Summarize this with AI

ChatGPT Perplexity Claude Google AI Grok

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Ishwar Radhakisan Tawani

DHANASHRI KARMARKAR

Aakash Kumar

RAGHUNATH KASIBHOTLA

Sunder Sadani

Subscribe Now

Tds on salary

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

GST CONSULTANT

Article Assistant

Accountant

CA Final