TDS on Salary to Director.
Salary decided at the start of the year and TDS was deducted properly every month (exact total tax liability of salary amount divided by 12).
But after 11 months due to less than expected income in company it was decided to reduce total salary of Director, now TDS already deducted out of 11 months salary is more than actual tax liability of salary income, due to reduction in total salary amount.
Will there be any compliance problem for this excess deduction of TDS from salary.
Please guide.
CAclubindia
