Tds
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 August 2012
Sir,
Ours is a pvt ltd co. In our company our MD remuneration is Rs.30,000/- pm. From Apr'11 we have not paid him his remuneration and we just booking the expenditure (payable). We have not paid any TDS. Now we want to pay him Apr'11 to till date total remuneration. So how to calculate TDS.
Thanks in Advance
Ours is a pvt ltd co. In our company our MD remuneration is Rs.30,000/- pm. From Apr'11 we have not paid him his remuneration and we just booking the expenditure (payable). We have not paid any TDS. Now we want to pay him Apr'11 to till date total remuneration. So how to calculate TDS.
Thanks in Advance
02 August 2012
TDS needs to be done on amount paid or credited. The deduction date shall be computed accordingly. Do hesitate to pay the interest and penalty. Do not forget that you are claiming the expenditure since April 2011.
02 August 2012
first check what is part of remuneration. if it is only salary, then in my point of view, you can argue that TDS on salary is due in next month when you pay salary.
So if you didn't pay the salary till yet, you can fight on this ground.
let's see other experts advice also
So if you didn't pay the salary till yet, you can fight on this ground.
let's see other experts advice also
02 August 2012
TDS is applicable on payment or CREDIT whichever is earlier.
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