Tds return 24q4

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79 Points Posted on 15 August 2020
Can employer adujust advance tax paid by employee against short payment of tds aginst tds on salary of the employee?
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On 15 August 2020 at 10:53 Report
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This discussion clarifies whether an employer can offset an employee's advance tax payments against a shortfall in Tax Deducted at Source (TDS) on salary. According to the Income Tax Act, such an adjustment is not permissible. Advance tax paid by an employee cannot be used to cover TDS liabilities.

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accountant
888 Points Posted on 15 August 2020
As per IT act No
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On 15 August 2020 at 11:59
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Tax and Business Consultant
11616 Points Posted on 16 August 2020
No, As per Income tax Act, adjustment of advance tax paid by employee is not allowed for TDS liability.
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On 16 August 2020 at 01:33

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