Tds u/s. 192
This query is : Resolved
Paras Jain
(Querist)
11 August 2014
In case of salary paid by a company the company did not deducted TDS U/s. 192 but the employee calculated and deposited Taxes due upon such salary before 31.03.2014 (for the FY 2013-14)
The company filed its TDS return for the FY 2013-14 but didnt disclosed salary for all the employees.
What should be the next step for the said FY 2013-14 (AY 2014-15) for employer and employee.
The company filed its TDS return for the FY 2013-14 but didnt disclosed salary for all the employees.
What should be the next step for the said FY 2013-14 (AY 2014-15) for employer and employee.
Nikhil Kaushik
(Expert)
11 August 2014
for employee, its business as usual. For employer, TDS assessment exposures remain open as salary as per accounts and TDs returns may not match!
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Paras Jain
(Querist)
11 August 2014
what would be the consequences??
Nikhil Kaushik
(Expert)
11 August 2014
refer section 201 220, 221 for the consequences...
Nikhil Kaushik
(Expert)
11 August 2014
refer section 201 220, 221 for the consequences...
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