assistant auditor

Good evening there, One of my friend has withdrawn the PF amount for that TDS has done now wat is the consequences because with draw made before 5 completion of years . Where shall I show that with draw amount either at salary or other sources wats the producer can any one guide me
 
Reply   
 

TDS @ 10% will be deducted by the payer
 
Reply   
 
assistant auditor

How I need to show that In deductee File .
 
Reply   
 

First calculate the overall tax liability of the deducted and then subtract the amt. paid as TDS
 
Reply   
 

Deductee*
 
Reply   
 

And if the amt. Which comes after deducting TDS from the overall tax liability is greater than rs 10000 then deductee will be liable to pay tax in previous year itself(advance tax)
 
Reply   
 

And if the amt. Which comes after deducting TDS from the overall tax liability is greater than rs 10000 then deductee will be liable to pay tax in previous year itself(advance tax)
 
Reply   
 

LEAVE A REPLY

Your are not logged in . Please login to post replies

Click here to Login / Register  

 


×

  CCI MENU