Tds on salary

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CA ANANT KUMAR (Querist)
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08 March 2014 A salaried person has deposited Rs.5000 as advance tax.His tax liability is also 5000.So,co is in dilema w r t deduction of TDS of that person.What is the obligation of the co in this case? Should TDS be deducted? Give reason in support of your answer.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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08 March 2014 it the employee has paid advance tax, then you need to reduce the TDS liability to that extent.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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11 March 2014 yes then also tds needs to deducted and then refund shall be claimed.as deduction of tds is mandatory.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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11 March 2014 no tushar, tds is not compulsory in such a case...any tax paid by the employer, needs to be arrived at the tds liability.

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