tds

This query is : Resolved

CA Anurag Shukla (Querist)
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31 July 2010 MY QUERY WAS THAT THE EMPLOYER COMMITTED UNINTENTIONALLY MISTAKE WHILE CALCULATING HRA OF SOME EMPLOYEES THIS RESULTED IN SHORT PAYMENT OF TDS FROM EMPLOYEES.
HOWEVER AFTER KNOWING IT THE EMPLOYEES DEPOSITED THEIR CORRECT TAX AFTER CALCULATION THROUGH SELF ASSESSMENT.
SO HERE COMM. OF IT(TDS)RAISED DEMAND WITH INTEREST.
SO, PLEASE OFFER YOUR CORRECT VIEWS IN THIS REGARD.
is there any remedy available to the employer any case law is it be beneficial to go to appeal.

Shyam Lal Naik

Shyam Lal Naik (Expert)
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31 July 2010 The employer need to produce the copy of IT return/computation of the employee.

Tax/penalty can not be imposed. However, interest till the submission of return by the employee can be imposed.