tds on salary incom
This query is : Resolved
D C Sivastava
(Querist)
10 May 2008
one drawing officer joined duty from anoher tan in the month of april.08 and submitted salary bill wef dec,07 tofeb08 inmay08 after sanction of medical leave dec to feb07.he has drawn salary of march 07 to nov 07 in previous place of posting which is a sister unit of this office.pl. advise his salary for dec.07 to feb08 will be included in the income of f.y.08-09 on the basis of its receipt orit is an incom for f.y.07-08on accrual basis.
CA Hemant T Dewani
(Expert)
10 May 2008
if salary is not received during the year then it is not shown in the f y 2007-08 but for tax purpose you will calculate tax for f y 2007-08 if tax is lower in this year then you will shown & submi return but the employer gives form no 16 salry accred but not paid so depends upon your form no 16
CA Hemant T Dewani
(Expert)
10 May 2008
if salary is not received during the year then it is not shown in the f y 2007-08 but for tax purpose you will calculate tax for f y 2007-08 if tax is lower in this year then you will shown & submi return but the employer gives form no 16 salry accred but not paid so depends upon your form no 16
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