01 April 2013
There is a difference in normal TDS on salaries{192(1)} and TDS u/s 192(1A)
192(1A) reads out as follows: "Without prejudice to the provisions contained in sub-section (1), the person responsible for paying any income in the nature of a perquisite which is not provided for by way of monetary payment, referred to in clause (2) of section 17, may pay, at his option, tax on the whole or part of such income without making any deduction therefrom at the time when such tax was otherwise deductible under the provisions of sub-section (1)."
It basically talks about the TDS on perks in kind.
i humbly request you to reply in clearcut manner whether tds deducted from normal salary of employees without any perquisites during march 2013 can be deposited till 30.04.2013
CAclubindia
