Tds return
VIVEK SINGH
(Querist) 21 March 2012
This query is : Resolved
Dear sir,
I am a deductor, liable to deduct on payment of salary. One of my employee has already deposited his advance tax in Feb. 2012. Please advise me, what is expedient for me in respect of TDS return of 4th quarter 2012. Whether still I am liable to deduct tax on said payment or not.
Thanks and regards.
Anirudh
(Expert) 21 March 2012
You have to effect TDS - after taking into account any Savings etc., made by the employee.
You will not be able to take into consideration the tax paid if any by the employee.
If the employee has paid any tax directly, and if he is entitled to any refund, it is for him to file the return and claim refund.
There is an obligation on you to effect TDS. If you fail, then you will expose yourself to consequences.
Guest
(Expert) 21 March 2012
Mr. Vivek,
As a student, better review your own study and ask question about your doubt along with your own understanding about the provisions of law, instead of posting academic question of classroom exercise.
Spoonfeeding at this forum would not help you to properly analyse the real life situation.
