Tds on salary

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C A
376 Points Posted on 10 January 2012

Hi Friends

I have submitted 24 Q for last 2 qtr. Now salaries of some employees have been revised with retrospective effect. should i revise the return of 1st 2 qtrs also or simly update the salary detail in employee information. tds have beeen deducted  accordingly in december 2011.

 

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On 10 January 2012 at 11:11 Report
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accountant
241 Points Posted on 10 January 2012

why did you revised your return on salary tds deduction is not compolsory in MONTHLY basis you may deduct the amount in current period also

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On 10 January 2012 at 12:24
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Practicing in GST and MSME
1985 Points Posted on 10 January 2012
SALARY REVISED RETROSPECTIVELY CAN BE TREATED AS ARREAR OF SALARY AND THIS WILL BE TAXABLE WHEN ACTULLY RECEIVED BY EMPLOYEE. SO WHEN THIS ARREAR HAS BEEN PAID, DETAILS WILL BE SUBMITTED IN THAT QUARTER'S STATEMENT.
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On 10 January 2012 at 12:41
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C A
376 Points Posted on 10 January 2012

 

SALARY REVISED RETROSPECTIVELY CAN BE TREATED AS ARREAR OF SALARY AND THIS WILL BE TAXABLE WHEN ACTULLY RECEIVED BY EMPLOYEE. SO WHEN THIS ARREAR HAS BEEN PAID, DETAILS WILL BE SUBMITTED IN THAT QUARTER'S STATEMENT.
 
 
Thanks for help
 
I got ur point that no need to make revise return. But while entering amt for 3rd quater, can i update the amonut of salary etc in previous two quarter instead of showing salary in arrear.
if i arrear in 3rd qtr, HRA exemption will not be computed properly.
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On 10 January 2012 at 13:14
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C A
376 Points Posted on 10 January 2012

 

SALARY REVISED RETROSPECTIVELY CAN BE TREATED AS ARREAR OF SALARY AND THIS WILL BE TAXABLE WHEN ACTULLY RECEIVED BY EMPLOYEE. SO WHEN THIS ARREAR HAS BEEN PAID, DETAILS WILL BE SUBMITTED IN THAT QUARTER'S STATEMENT.
 
 
Thanks for help
 
I got ur point that no need to make revise return. But while entering amt for 3rd quater, can i update the amonut of salary etc in previous two quarter instead of showing salary in arrear.
if i show arrear in 3rd qtr, HRA exemption will not be computed properly.
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On 10 January 2012 at 13:16

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