Whizkid (student) (640 Points)
16 June 2010If TDS for any particular month has been deducted "Short" by an employer in previous assessment year....ll de employer be liable to deduct the said amt in the next year..?? or ll de "Employee" be liable..? Will any interest be charged for the said amt..>!?
Revert asap
CA SANJAY TALWAR
(Job)
(222 Points)
Replied 17 June 2010
mam,
firstly tell me kon se assessment year ka tax short deducted hua hai aur kon se quarter ka ?
kya us quarter ki return file ho gayi hai
sanjay
Vinodh Kothari
(Chartered Accountant)
(25 Points)
Replied 17 June 2010
If TDS is deducted short by employee there are two options either the employer will remit the TDS amount which is short and issue you Form 16A or If he does not remit the employee has to pay the difference between the tax payable and tax deducted to the credit of government by using challan ITNS 280. In case the employer is remitting the TDS short he will deduct the same from the salary payable to employee
The employer cannot deduct TDS for one assessment year in another assessment year.
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