Hi Friends
Can any one tell me about tds on salary?????
one of my client is getting part time salary from a proprietorship firm. they are paying rs. 8000 by cheque and 12000 in cash. my client is having rs. 70000 as investment in previous year and will be in current year also. i am saying to him to get salary aroun rs. 14000by cheque but chartered accountant of proprietorship firm is saying to deduct tds. on whole the amount without deducting savings amount.
whether it is right policy or no.
if a person having rs. 70000 as investment and having rs. 162000 total income why tds should be deducted???
Can anyone solve this problem.
CAclubindia
