17 April 2012
Sir Kindly advise that: 1. I had deposited a TDS of Rs 4000/- in Q1. The Salary of the employee is Rs.62000/- in that Quarter. But I had shown Rs.50000/-. I had not deducted T.D.S for the m/o April 11 on the amount of Rs.12000/- and not shown in the return. Is it right or wrong. 2. Now in the return of Q4, what should I fill the Gross Salary in Annexure II. The Gross Salary is Rs.287000/- for the asstt year 2012-13. Is it can be 287000/- or 275000/- so that there should be no problem in getting Form 16. Kindly reply soon. Regards Sanjay
19 April 2012
GROSS SALARY SHOULD BE RS.287000/- AND YOU SHOULD DEDUCT AND PAY TAX ON TOTAL TAXABLE SALARY. FURTHER YOU CAN ALSO FILE REVISED RETURN FOR THE Q1 AND PAY BALANCE AMOUNT OF TDS WITH INTEREST.
QUERY IS STILL OPEN, EXPERTS ARE REQUESTED TO GIVE THEIR OPINION.
CAclubindia
