Tds on salary
Querist : Anonymous
One of my friends owns a Proprietorship company, has not deducted TDS on salary for any of the employees through out the year. No advance tax was even deposited by employees from their side as well. Now, what are the consequences, how to correct this default. My Freind says he cannot afford to disallow salary expenses, he is willing to comply with the law and do everything necessary.
Should i approach a CA for Form 26A Certificate ?
Or Whether, tds amount can now be recovered from employees and deposited with Governement along with Interest and TDS returns ( with late fees)
Kindly solve the problem.
Querist : Anonymous
Thank you , can you kindly elaborate. Can we recover the amount from employees now and remit to government
Or
Just a Form 26A from a CA, plus Interest for non deduction would be sufficient to claim allowance of salary expenses, since the employees are filing ITR and paying taxes thereon ???
Querist : Anonymous
Thank you so much, Can you kindly tell me if i get a Form 26A certificate from a CA, will my salary expense be allowed ?
Where to file form 26A ? Online submission or any particular letter to dept ?
However, Form 26A shall be required to avoid the consequences under section 201.
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