banner_ad

TDS on salary

This query is : Resolved 
Profile Image

Profile Image

(Querist)
13 April 2011 One of my employee joined with us in the month of June 2010 and didn't submit 12B form nor given any details of salary with his previous employer. I had deducted and deposited his TDS on the basis of his salary income with my company. Now suddenly this employee has submitted a Form 16 of his previous employer and requesting to adjust. Is there any scope for adjustment and does it have any legal obligation.
Profile Image

CA shilpa shinagare

Profile Image

CA shilpa shinagare (Expert)
14 April 2011 in my op inion there is no scope for any adjustment now since the f.y is already ended.he will have to recompute the tax liability and pay the shortfall in tax liab.as SA tax alongwith interest.if he delays the payment then he will b paying interest if net tax liab.exceeds rs.10000l-
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
08 July 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
10 May 2026
Finance specialist

Right way solution

Ajmer

CA

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
11 May 2026
CA Dropout

Patron Accounting LLP

Pune

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details