Declaration about tds to employer
This query is : Resolved
14 April 2013
WE DEDUCT TAX FROM SALARY UNDER SECTION 192B.
IF ANY EMPLOYEE GIVES DECLARATION ABOUT HIS INVESTMENT WITHOUT COPY OF INVESTMENT OR RENT RECEIPT, IS IT SUFFICIENT FOR EMPLOYER TO FULLFIL HIS OBLIGATION REGARDING TDS ?
IF SO AND SUBSEQUENTLY IF IT IS SEEN DUE TO WRONG DECLARATION EMPLOYER DEDUCT LESS TAX FROM SALARY WHAT WILL BE THE CONSEQUENCE FROM DEPARTMENT.
A DATTA
IF ANY EMPLOYEE GIVES DECLARATION ABOUT HIS INVESTMENT WITHOUT COPY OF INVESTMENT OR RENT RECEIPT, IS IT SUFFICIENT FOR EMPLOYER TO FULLFIL HIS OBLIGATION REGARDING TDS ?
IF SO AND SUBSEQUENTLY IF IT IS SEEN DUE TO WRONG DECLARATION EMPLOYER DEDUCT LESS TAX FROM SALARY WHAT WILL BE THE CONSEQUENCE FROM DEPARTMENT.
A DATTA
14 April 2013
It will be deemed as furnishing inaccurate details in TDS return and penalty ranging from Rs 10,000 to Rs 1,00,000 can be imposed in addition to other consequences like penalty & interest for short payment of TDS.
14 April 2013
To avoid the penalties etc. the employer collects the tax saving proof from the employees at the year end & falling of which employer deducts the TDS according to the proof submitted by employees.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
