Tds return
This query is : Resolved
19 July 2019
Dear sir/madam,
We have trying to file TDS Return 24Q for the first quarter ending for the financial year 2019-20.
In our company around 1000 employees are there, and we are calculating income tax for all employees on estimation basis.Here around 300 employees are liable to tax and we are deducting the TDS equally for 12 months and paid monthly to the government..out of 1000 employees remaining 700 employees are with in the basic exemption limit. so no need to deduct tds.
Here my doubt is while filling 24Q return whether we are required to give all 1000 employees data to the government or it is required to give only tds deducted employees (i.e 300 ) data to the department.
(please give a reply if there is any tax provision relating to this issue).
Thanks in advance
Regards,
Bheema Reddy.
We have trying to file TDS Return 24Q for the first quarter ending for the financial year 2019-20.
In our company around 1000 employees are there, and we are calculating income tax for all employees on estimation basis.Here around 300 employees are liable to tax and we are deducting the TDS equally for 12 months and paid monthly to the government..out of 1000 employees remaining 700 employees are with in the basic exemption limit. so no need to deduct tds.
Here my doubt is while filling 24Q return whether we are required to give all 1000 employees data to the government or it is required to give only tds deducted employees (i.e 300 ) data to the department.
(please give a reply if there is any tax provision relating to this issue).
Thanks in advance
Regards,
Bheema Reddy.
19 July 2019
It is required to give only tds deducted employees (i.e 300 ) data to the department.
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
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- STCG FOR GOLD ETFs
- Specified Profession
- Suggestions required for income tax filing-software (FY 2025-26)
- GST ON DAMAGED GOODS
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Free lancer income
- Long Term Service award taxability in hands of company
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
