TDS on Salary ( Group CEO )

This query is : Resolved

P. Raja (Querist)
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25 January 2010 Dear Sir,

We are paying salary to Group CEO , each company paying salary to the Group CEO seperately , Whether we need to deduct TDS in each of these companies seperately

If each company has to deduct TDS , then how to give form 16

Regards

P. Raja

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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25 January 2010 You can make one calculation for all companies and deduct as proportionately to each company salary payment

P. Raja

P. Raja (Querist)
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27 January 2010 Somebody please help to solve this,

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CA PRIKSHIT GUPTA

CA PRIKSHIT GUPTA (Expert)
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28 January 2010 when companies are related then it is assumed that you can get other's information of salary. So every company will deduct TDS. But for calculation his investment will be adjusted only one time or divided in companies. So he can't take benefit of investment more than one time. Make arrangements so that full tax on salary is deducted.

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