Answer Posted / pankaj sharma
Under Income tax act 1961 it is mandatory for the employer
to deduct the tds or to make a provision of tds for the
financial year depending on the asessee expected total
income for which tds needs to be deducted at source .
however if the assess does not fall under taxable assee then
he/she cantake refund of tds by filing a return.
but tds deduction is a liability in tha hand of the
employess otherwise deduction will not be available under
the head Business & profession to the employer............
this tds needs to be submitted normally before 7th date of
next month of paymnet of tds
| Is This Answer Correct ? | 43 Yes | 13 No |
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