20 January 2014
SIR, I WANT TO KNOW THAT TDS IS REQUIRED TO DEDUCT OR NOT IN THE FOLLOWING CIRCUMSTANCES:
MY CLIENT HAS SALARY INCOME OF RS.215000/- FOR F.Y.2013-14 i.e MORE THAN TAXABLE LIMIT OF RS.200000/- BUT AS PER SECTION 87a NEW SECTION REBATE OF RS. 2000/- AVAILABLE TO INDIVIDUAL ASSESSEE. SO AFTER AVAIL REBATE THERE IS NO TAX IS REQUIRED TO PAY.
SO IN THE ABOVE CIRCUMSTANCES IF TDS IS NOT DEDUCTED THEN IT IS OK OR NOT. PLEASE SOLVE OUR QUERY AS EARLY AS POSSIBLE.
CAclubindia
