tds

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

22 March 2010 I am a shopkeeper with annual sales>50 Lacs. I am paying rs/ 1 Lac (one lac) per annum as salary to one of my employee. Now I come to know that he is also working to another place getting salary around 1 lac from there. whether I have to deduct TDS from that.

CMA Arif Farooqui

CMA Arif Farooqui (Expert)
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26 March 2010 If there is any tax liability after considering all investment made by him during P/y. then only u have to deduct TdS. TDS will be deducted only at one place, so either u deduct it or ask him to submit a declaration that other employer will deduct it.
other expert view are welcome that is why i still open this quarry.

Querist : Anonymous

Querist : Anonymous (Querist)

27 March 2010 He is saying that he will deposit tax himself.

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CMA Arif Farooqui

CMA Arif Farooqui (Expert)
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28 March 2010 deduction of tax from employees salary is responsibility of employer. you will be liable in case he has not deposit tax. to be on safer site , u must have to deduct tax

Querist : Anonymous

Querist : Anonymous (Querist)

29 March 2010 If he has paid the tax while filing his return, then is there any liability to me.

CMA Arif Farooqui

CMA Arif Farooqui (Expert)
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30 March 2010 no