Tds return
This query is : Resolved
K BHEEMA REDDY
(Querist)
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.
CA R SEETHARAMAN
(Expert)
19 July 2019
It is required to give only tds deducted employees (i.e 300 ) data to the department.
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