Wrong deduction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 May 2013
The tax assessment of an employee under our establishment was wrongly done. His tax amounted to Rs.8450 and TDS already deducted was Rs.4000. So Rs.4450 was payable by deducting from his salary before 31st march 2013. But in the assessment it was wrongly shown that Rs. 9000 was already deducted from his salary. So it appeared that he is entitled to refund. Now during preparation of Form 16, the true picture came out. How can the tax be paid now and what are the rules? Please advice.
06 May 2013
It seems that you have already filed your Quarterly TDS Return for Quarter 4, and you have realized your mistake while preparing details for Form 16.
Now, the best option for you is to pay the balance tax (with interest) immediately, and then revise your Q4 Return before 15th May 2013.
Now, the best option for you is to pay the balance tax (with interest) immediately, and then revise your Q4 Return before 15th May 2013.
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
- Reporting Income under Section 44ADA
- ITR 2 Short Term gain & Long term gain
- Off Market debit and credit transaction
- Itr 1 processing
- Showing Gift from relative in ITR for this year
- ITR 1: Details for showing Exempt Income
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR returnFY25-26
- Share accounting-->fifo - capital gain - period as per fifo?
- ITR selection for salaries and capital gain less than L
- ITR validation error - Balance sheet is not filled
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
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
