TDS
This query is : Resolved
SIJU VARGHESE
(Querist)
02 July 2011
Dear Experts,
A Pvt.Ltd.Co. has deducted TDS on salary, but the employee has no PAN.He has resigned and gone abroad. Now the Co. cannot file TDS Return without his PAN card.
Pls give a solution.
A Pvt.Ltd.Co. has deducted TDS on salary, but the employee has no PAN.He has resigned and gone abroad. Now the Co. cannot file TDS Return without his PAN card.
Pls give a solution.
DEEP SINGH TOMAR
(Expert)
02 July 2011
in this case, TDS on salary has to deduct @ 20% under section 206AA without given any slab deduction.
the diff if any has to bear by com, itself
the diff if any has to bear by com, itself
SIJU VARGHESE
(Querist)
04 July 2011
Sir,
The employee has received salary 50000/- p.m. and he worked only for 3months ie.total salary he received is 1,50,000/-.
Will it make any change in your answer?
Pls reply.
Thanks & Regards
Siju
The employee has received salary 50000/- p.m. and he worked only for 3months ie.total salary he received is 1,50,000/-.
Will it make any change in your answer?
Pls reply.
Thanks & Regards
Siju
DEEP SINGH TOMAR
(Expert)
04 July 2011
According to section 192 of income tax act, tds has to be deducted on the average basis
Total tds will deduct rs. 30,000/-
( @20% of 1,50,000/-)
Total tds will deduct rs. 30,000/-
( @20% of 1,50,000/-)
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