Dear All,
is it compulsory for a company to show salary of those employees also in there Tds return of salary, who actually have taxable income, but by way of investment , there TAX and taxable income is NIL
Abansal ( Manager) (121 Points)
25 June 2009Dear All,
is it compulsory for a company to show salary of those employees also in there Tds return of salary, who actually have taxable income, but by way of investment , there TAX and taxable income is NIL
Deepak Tapse
(Accounts Manager - Taxation)
(1771 Points)
Replied 25 June 2009
|
I think details should be shown only whose TDS is deducted.
Originally posted by :aashima |
||
| " | Dear All, is it compulsory for a company to show salary of those employees also in there Tds return of salary, who actually have taxable income, but by way of investment , there TAX and taxable income is NIL |
" |
CA Jimmit D Mehta
(Employed)
(494 Points)
Replied 25 June 2009
AS PER MY KNOWLEDGE IT SHOULD BE SHOWN ON BOTH SIDE AS INVESTMENT AS ALSO AS TDS DEDUCTED
AS EFFECTS OF IT WILL BE NULIFIED
Mannurkar
(Accountant)
(159 Points)
Replied 25 June 2009
According to me Mr. Deepak Tapase is right because after introduction of Form No,.24Q, I am showing only the salaries of employees whose tax is deducted. Earlier in Form No.24 I was showing the names of all the employees whose salary was above taxable limit and whether tax is deducted or not.
CA. Rashi Goyal
(Chartered Accountant)
(512 Points)
Replied 25 June 2009
There is no need to include the details of employees on which no TDS have been deducted in the TDS return.
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
CAclubindia
