Tds on salary
This query is : Resolved
19 April 2013
Dear sir,
Whether TDS has been deduct and remittance monthly basis for a employee or can we remittance at the end of march month for whole year? Please suggest me sir.
if monthly basis whether we have to pay any interest for delay remittance?
Kindly suggest the answers at the earliest.
Whether TDS has been deduct and remittance monthly basis for a employee or can we remittance at the end of march month for whole year? Please suggest me sir.
if monthly basis whether we have to pay any interest for delay remittance?
Kindly suggest the answers at the earliest.
19 April 2013
tds to be deducted on payment basis in case of salary, if late yes you have to pay the interest.
Message likes :
1 times
19 April 2013
Dear Raghu
We can deduct TDS on salary in March month only. only 192 allows to deduct TDS not on regular basis, if we didn't deduct TDS in previous months then we can adjust that in till March.
but if you deducted TDS in any month then you need to deposit it till 7th of next month.
We can deduct TDS on salary in March month only. only 192 allows to deduct TDS not on regular basis, if we didn't deduct TDS in previous months then we can adjust that in till March.
but if you deducted TDS in any month then you need to deposit it till 7th of next month.
Message likes :
1 times
05 June 2013
Dear Prashant you are not correct as TDS has be deducted every month and deposit it accordingly the provision which you are mentioning is that if any short or excess TDS has been made then it can be adjusted against deduction for the month of March and not for the whole year. Any delay in deduction and delay in payment shall be liable for Interest. If this procedure of late deduction and late payment is followed on regular basis then there can be prosecution
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Donation Receipt u/s 80G
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
