Tds on salary
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 August 2015
WE ARE A COMPANY PAYING SALARY TO MANAGAING DIRECTOR TOTAL ANNUAL SALARY COMES RS.40 LAKH BUT WE DID NOT DEDUCTED TDS ACCORDING TO SALARY BUT DIRECTOR IN HIS PERSONAL COMPUTATION OF INCOME TAX RETURN HE SHOWED HIS SALARY AMOUNT AND PAID SELF ASSESSMENT TAX , NOW WE RECEIVED A NOTICE DEMANDING SHORT PAYMENT NOTICE FROM INCOME TAX ,AT THIS SITUATION WHAT WILL DO
HOW TO AVOID DEFAULT RETURN
HOW TO AVOID DEFAULT RETURN
05 August 2015
you must have deducted tds and also needs to file tds return for same o u need to face consequence for same.
pay int as applicable and file tds return
pay int as applicable and file tds return
05 August 2015
Please note, TDS is a VICARIOUS liability. It is NOT possible to run away from the same.
Just for the sake of practical aspect, go to the concerned TDS officer and explain the situation.
Just for the sake of practical aspect, go to the concerned TDS officer and explain the situation.
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