TDS on salary
This query is : Resolved
22 March 2011
when will interest on tds of salary arises can any body help me out in my case
Ex : Salary 2,40,000 p.a
TDS amounts to Rs. 8000 deducted in march month (i.e.,) deducted for the whole year at one shot at the end of the accounting year.
Whether interest applies if so which sec speaks plz somebody help me out in this asap
Ex : Salary 2,40,000 p.a
TDS amounts to Rs. 8000 deducted in march month (i.e.,) deducted for the whole year at one shot at the end of the accounting year.
Whether interest applies if so which sec speaks plz somebody help me out in this asap
22 March 2011
Interest does not apply on TDS on Salary as long as TDS is done within the year and paid to the govt as per the time limit. This is because there is flexibility u/s. 192 to adjust amount of TDS on salary during the year.
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 CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- ITDS U/S.194T of Firm
- EXPORT COMMERCIAL INVOICE HSN CODE
- GST Rate for Catering Services
- LIC maturity claim whether taxable
- TDS AND ITR ISSUE
- Non-Compliance documents have not been submitted by the contractors debited
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
