20 May 2012
Say for eg. there is Employee A whose TDS for the entire year required to be deducted was Rs. 48,000/- i.e. Rs. 4,000/- per month. But due to some mistake TDS was deducted at Rs. 6,000/- per month from the Salary of April to November 2011 and hence no further TDS was deducted from his Salary for the month of Dec 2011 to March 2012. So at the time of filing TDS Return for the Third Quarter, should we provide details of his Salary for the month of December 2011 showing TDS as NIL and for the Fourth Quarter TDS Return, should the details of his Salary be provided in Annexure 1 for the months of Jan to Mar 2012 showing TDS as NIL (Details of his Salary for the entire year is to be provided in Annexure 2 in the Fourth Quarter....that is clear and known).
If details of Salary for the months of Dec 2011 to Mar 2012 is not provided in Annexure 1 then the total of the Salaries of Annexure 1 would not be equal to the Salary for the entire year as given in Annexure 2 of the fourth Quarter TDS Return. So will that be correct??
CAclubindia
