Tds form 16

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 May 2013 Employee is working with two at the same time.
company A and company B.
final TDS deducted by Company B.
since data provided by Employee to Company A that overall TDS deducted by Company B,
then Company A have not deducted TDS.

Now while generating form 16, where to show that why TDS not deducted by company A.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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14 May 2013 TDS deduction need to be shown by actual deductor which is Company B in your case.

you can take all the deductions related to Company A service period and try to show as tax liability not arisen that period

Querist : Anonymous

Querist : Anonymous (Querist)

15 May 2013 what company A will show in their 24Q and form 16.

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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15 May 2013 Since Company A not deducted TDS, there is no question of showing in form 24Q, except the quarter 4, Salary sheet, salary sheet need to fill the actual salary income and deduction details

Form 16 also need to fill the same details what ever you are filling the details in form 24Q salary sheet

Querist : Anonymous

Querist : Anonymous (Querist)

16 May 2013 Company A paying salary that is also above taxable limit, how company will not show it 24Q.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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06 September 2013 you can collect the declaration and proofs from the employee and deduct the actual tax, incase any clarifications based on proof it can be justified

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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06 September 2013 you can collect the declaration and proofs from the employee and deduct the actual tax, incase any clarifications based on proof it can be justified