Salary
Suchita Shivaji More (Accountant) (168 Points)
30 April 2018
we have deducted TDS before adding perks in salary ? what should we do now?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178001 Points)
Replied 30 April 2018
Either pay additional TDS liability with interest
Or let the employee pay his tax liability and file return, and keep the proofs in your record.
A deductor who fails to deduct the whole or any part of the tax on the sum paid to a resident or on the sum credited to the account of a resident shall not be deemed to be an assessee-in-default in respect of such tax if such resident—
(i) has furnished his return of income under section 139;
(ii) has taken into account such sum for computing income in such return of income; and
(iii) has paid the tax due on the income declared by him in such return of income,
and the deductor furnishes a certificate to this effect in Form No.26A from a chartered accountant.
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