Tds
This query is : Resolved
DEEPSHIKHA AGGARWAL
(Querist)
11 January 2012
I HAVE HEARD that certain pvt ltd companies do not deduct t.d.s on salaries of their employees even when the salary stands beyond amt not charged to taxable..
i suggestd those employees to get their t.d.s deducted but here i want to knw how come such co.s adopt such practices n are not even caught?
is it really possible that co. pay salary through cheque does nt deduct t.d.s n nt caught? n if nt then hw such co. wud b managing to escape?
i suggestd those employees to get their t.d.s deducted but here i want to knw how come such co.s adopt such practices n are not even caught?
is it really possible that co. pay salary through cheque does nt deduct t.d.s n nt caught? n if nt then hw such co. wud b managing to escape?
CA Parth Shah
(Expert)
11 January 2012
Hi Deepshikha,
Well, when companies pay salary by cheque, TDS has to be deducted, and at all if its not deducted, they are in risk of being caught.
Due to numerous number of assessees, its not possible for department to locate such defaulters at one go. But companies by doing such practise are endangering their Tax compliance report.
Well, when companies pay salary by cheque, TDS has to be deducted, and at all if its not deducted, they are in risk of being caught.
Due to numerous number of assessees, its not possible for department to locate such defaulters at one go. But companies by doing such practise are endangering their Tax compliance report.
DEEPSHIKHA AGGARWAL
(Querist)
12 January 2012
Thank u sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
