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Postponement of Deduction of Tax at Soure, Income Tax |
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Postponement of Deduction of Tax at Soure |
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Postponement of Deduction of Tax at Source without written request from employee is equivalent to Non-Deduction of Tax at Source and attracts interest and penalty. whether written request is enough for non deduction of TDS or deposit to such TDS amount is mandatory. Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
Sir, the responsibility of deduction of TDS of employees is the responsibility of Employer. However employee can submit Income Tax Declaration Form to his/her employer in the beginning of the Financial Year declaring his/her propsed investments which qualify for deduction from Gross Total Income. Investment declaration should be done in a format prescribed. Thanks.
Ok Thank for your valuable reply Thanks & Regards S.Sivanandu Write me on :-sivanandu11@gmail.com
Deduction of tax at source is a must for the employer from his employees. There is no option for the request by the employee not to deduct tax at source to the employer. Recovery and deposit of TDS is mandatory in respect of employer. Page: 1 Old Query - New Comments are closed. |
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