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TMI BlogTDS on SalariesX X X X Extracts X X X X X X X X Extracts X X X X ..... TDS on Salaries X X X X Extracts X X X X X X X X Extracts X X X X ..... alary for 5 months on average basis. On F&F, the company is further going to deduct TDS of around Rs.60,000. Since, i m leaving this job and going to search a new one. suppose that I didnt get the jo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... b in this financial year. And my taxable income paid by the company comes to Rs. 6,00,000, can I stop the company for not deducting the TDS under the provisions of Section 192(2B) ? Reply By CA GOPAL ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... JI AGRAWAL: The Reply: No, section 192(2B) is for enhancement of income and tax liability not for reduction. Employer has to deduct TDS on estimated basis. The unemployment condtition etc can not be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... anticipated. Reply By Siraj Shaikh: The Reply: You mean to say that the only option with me is that, in case my income for the financial year did not exceed, say Rs. 4,00,000, I need to file the ret ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... urns and then claim refund. Reply By SATHEESH NAIR: The Reply: THE INCOME TAX OFFICER MAY GIVE CERTIFICATE TO NOT DEDUCT THE TDS FROM YOU PAYMENT. THIS IS ONLY THE WAY. PL . APPROCH YOUR JURI., ITO. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TKS Reply By CA GOPALJI AGRAWAL: The Reply: No deduction certificate is not given in case of salary income. Lower deduction certificate application would not be entertained by AO under the cited ci ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rcumstances. X X X X Extracts X X X X X X X X Extracts X X X X
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