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Tds return

TDS 516 views 1 replies

Deena.Vanan

Grad. CWA ACA CS(F)

120 Points Joined July 2010

Dear All,

My client had deducted TDS from the employees salary and they have remitted it to IT authorities. Since the employees does not have PAN No they have not shown the TDS deduction in 26Q return. They are planning to show it in return after getting the PAN No from the employees? That is by amending the TDS return already filed or by showing it in the return of the subsequent quarter. Is it correct? please clarify.

Replies (1)

Tribhuvan Aditya Singh

Student as well as Self-employed

3710 Points Joined September 2007

firstly, 24Q is required to be filed for tds deducted from salary and secondly tds @ 20% on amt paid is to be deducted in case where employee does not have pan.... now, assuming tds at normal rates was deducted even for employees not having pan and details of such employee was not given in tds return then you must ask your employees to first get pan as soon as possible and when they submit their pan detail with co., the co. can revise its tds return accordingly.