Excess Advance Tax Credit adjustement against tds lia Tds l
This query is : Resolved
26 March 2011
Hi Dear
Suppose employer start to deduct tds on salary but in the mid of financial year he stop to deduct tds on salary for further months as employee has paid more advance tax hence when we are computing overall income of employee we find that tds already deducted+ advance tax paid is already more then what employee tax liability comes hence because of which employer subsequent doesn't deduct tds from salary> Now tds officer issue notice to employer that why tds not deducted for renaming months & he is demanding now tds liability with interest amount. Employer explain to tds officer but he want some strong evidence. So please friends & experts kindly advise on above mater and provide any case law reference u had
Suppose employer start to deduct tds on salary but in the mid of financial year he stop to deduct tds on salary for further months as employee has paid more advance tax hence when we are computing overall income of employee we find that tds already deducted+ advance tax paid is already more then what employee tax liability comes hence because of which employer subsequent doesn't deduct tds from salary> Now tds officer issue notice to employer that why tds not deducted for renaming months & he is demanding now tds liability with interest amount. Employer explain to tds officer but he want some strong evidence. So please friends & experts kindly advise on above mater and provide any case law reference u had
26 March 2011
Advance tax seperet issue.
TDS to be deduct at timely and to be deposit timely.
TDS to be deduct at timely and to be deposit timely.
Message likes :
1 times
26 March 2011
Challan for payment of advance tax by the employee is the strongest evidence. Produce it before the authority.
Message likes :
1 times
27 March 2011
Yes, If you have copy of advance Tax of Employee and Income Tax return then you can produce it.
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?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
