Menu
192 TDS and rebate u/s 87A rs 2500
i am liable to deduct TDS of rs 1000 us 192 but the employee is not having income more than 3.5 L and eligible for rebate of rs 2500 us 87A and no tax liability arises to the employee.... whether TDS of rs 1000 is to be deducted ?
Replies (5)
DEDUCT AND TAKE REFUND VIA FILING ITR
No need to deduct TDS as per above Your query.
AGREED WITH RAJA G
AND AS I IGNORE THE SEC SO REPLIED ACCORDINGLY
agree with mr. raja
No need to deduct TDS. Every year CBDT issues circular having guidelines of computation of TDS under S. 192. The circular released for FY 2017-18 clearely states that the rebate U/s. 87A can be taken.
Reference : https://www.incometaxindia.gov.in/communications/circular/circular29_2017.pdf
Recent Topics :
- Non filing of MGT-14 for MD appointment
- HUF AFFIDAVIT vs HUF DEED - REQUIREMENTS & STA
- Free Pre-Filing Tool to Match GSTR-3B vs GSTR-2B (
- MR AASHOK KUMAR SHARMA
- NIC codes for FIRMS registration of entity
- Register on Income Tax as CA
- Deduction In Employee Provident Fund
- This is a gift for all Chartered Accountants and P
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Wallet query for GST.
Related Topics :
CAclubindia
