banner_ad

Excess Advance Tax Credit adjustement Against Tds liability

Tax queries 948 views 2 replies

Hi friends & Dear Ones

Employer start to deduct tds on salary but in the mid of financial year he stop to deduct tds on salary for further months as employee has paid more advance tax hence when we are computing overall income of employee we find that tds already deducted+ advance tax paid is already more then what employee tax liability comes hence because of which employer subsequent doesn't deduct tds from salary.

Now tds officer issue notice to employer that why tds not deducted for renaming months & he is demanding now tds liability with interest amount. Employer explain to tds officer but he want some strong evidence. So please friends & experts kindly advise on above mater and provide any case law reference.

Replies (2)

 

Your company should have to deduct tds whether employee deposit advance tax or not its company responsibility hence you have to pay as demand raise by IT… well before depositing try to convince to AO that employee give us on writing their income  with calculated of tax liability in that tax liability advance tax was already included so we deduct tds accordingly on remaining their tax liability 

take a letter from employee requesting not to deduct TDS, as he has paid advance tax , but this is not a valid reason. however u can try this 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
ARTICLESHIP 08 June 2026
Internal & Taxation Article

O P Bagla & Co LLP

New Delhi

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details