Hello
We have stated to deduct TDS from Nov-2016 for one of our employee.(for the f.y.2016-17)
for the period of Apr-2016 to Oct-2016 we paid him salary but TDS has not been deducted that time.
thereafter preparation of tax calculation we started to deduct his TDS. Entire year tax liability been covered through 5 months (Nov-16 to Mar-17) same has been mentioned in tds return 24Q.
but for the previous salary amount which was credited in his account do not reflect in form 16 as the same was not mentioned in 1st & 2nd qtr return of f.y.2016-17.
if i see the form 16, amount credited is less than actual. tax deducted amount is correct.
please let me know should i revise his final qtr return only or 1st two qtr return?
CAclubindia
