Dear friends,
I have a query please help me if u can
whether it s mandatory for a salaried employee to disclose its all incomes
or based on his choice
Sucheta Chawla (article) (32 Points)
28 February 2011Dear friends,
I have a query please help me if u can
whether it s mandatory for a salaried employee to disclose its all incomes
or based on his choice
Kannan M
(Consultant)
(85 Points)
Replied 28 February 2011
It is the choice of an employee to disclose all his income to his employer for TDS deduction purpose. If his income from all his sources disclosed to employer, the employer will deduct TDS based on that. Otherwise, the employee can disclose his other sources of income when filing income tax return.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
