Tds on salary
This query is : Resolved
CA Shyam Agarwal
(Querist)
18 November 2015
Hello
A company started to pay salary to director for Rs. 1 lac per month from 01.10.2015. But company didn`t deducted TDS on salary for the month of oct salary. but co.want to deduct TDS from Nov`s salary. can co. do so without any penalty under IT ACT.
THANK YOU IN ADVANCE
A company started to pay salary to director for Rs. 1 lac per month from 01.10.2015. But company didn`t deducted TDS on salary for the month of oct salary. but co.want to deduct TDS from Nov`s salary. can co. do so without any penalty under IT ACT.
THANK YOU IN ADVANCE
CA R SEETHARAMAN
(Expert)
18 November 2015
Yes you can do so without any penalty.
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