Whether it is required to collect evidences of employees declaration by employer regrding investment,HRA,etc while deducting TDS on Salaries.
9 Replies
Dipjyoti Majumdar
(CA in service & CS. dipmaj@ rediffmail.com )
(3468 Points)
Replied 19 December 2011
Yes. Evidences are to be collected as . The ITO of TDS section sometimes want the evidences to be furnished when he takes the matter for scutiny.
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 19 December 2011
yes after furnishing details then only he will deduct TDS..
Shyam Kanabar
(Article)
(160 Points)
Replied 19 December 2011
What is the Exact difference between ESIC AND EDLI.
Ashwin
(Consultant)
(142 Points)
Replied 19 December 2011
But in the Case law of ITI V/s Commissioner Feb-11, Supreme court told that u/s 192 does not mention that evidence needs to be collected.please study the case and reply
CA Kiran Sutrave
(CA)
(428 Points)
Replied 20 December 2011
Yes the evidences are required to be collected before deducting TDS under Section 192 of the Act. For further clarification refer Circular No. 5/2011 dated August 16, 2011.
CA Pooja Agarwal
(Chartered Accountant)
(3228 Points)
Replied 20 December 2011
refering to case CIT VS. LARESN AND TOUBRO LTD..it was hald the assessee employer was under no statutory obligation to collect the evidence to show that itss employees had actually utilised the amounts paid towards the allowance while deductind TDS. further there is no circulur of CBDT under section 192 to collect and examine the supporting evidence to the declaration submitted by th employess
CA PRAVEEN SINGH
(MANAGER ACCOUNTS)
(2277 Points)
Replied 20 December 2011
Yes.Must collect....
Evidences are to be collected as . The ITO of TDS section sometimes want the evidences to be furnished when he takes the matter for scutiny.
Ashwin
(Consultant)
(142 Points)
Replied 20 December 2011
Based on the case law of CIT V/s Larsen & Turbo Ltd has mentioned,can anybody please let me know whether it is required or not.
shaikh Gulam haidar
(Article)
(21 Points)
Replied 21 December 2011
24Q TDS RETURN FOR SALARY , IF CHALLAN IS ALREADY BOOKED THEN HOW CAN I REVISED MY TDS RETURN FOR BOOK OR CASH ENTRY PURPOSE?
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