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Q. > Please Help: Income Tax
As per the income tax Act Tds on Salary is to be deducted on payment basis. Now if for a F.Y salary provision is made and no payment is made then what will be the consequences ?
1 Answers
answered Jan 12, 2013 by CA Satuti Mahajan , batala
no tds on provision.
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Comments
naga rakesh
07-Dec-2012 , 03:25:12 pmSINCE THERE WAS NO PAYMENT OR CREDIT TO THE EMPLOYEE A/C NO NEED TO MADE TDS
chirag
08-Dec-2012 , 02:37:43 pmSection 192 casts the responsibility on the employer, of tax deduction at source, at the time of actual payment of salary to the employee
chirag
13-Dec-2012 , 03:00:55 pmdeduct TDS at the time of actual payment
vipul jadhav
18-Dec-2012 , 07:55:48 pmtds is to deducted on payment/credit whichever is earlier. if salary expense is not claimed by employer, then its ok. but if salary expense is claimed by the employer, the same would be disallowed since the tds provisions have not been implemented.