Please Help: TDS Grossing up
Posted Date : 08-Jan-2014 , 02:19:36 pm | Posted By: CA. Krishnakant Agrawal
Category :
Income Tax | Answers :
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Comments :
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is it mandatory to gross up amount?
if we have paid 50000 and forgot to deduct tds @10%
afterwards if we want deduct tax then it will be 5000 or 5556? |
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Answers:
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 Answer by: Vikash Kumar Jha |
| It should be 5556
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| Comments |
| Posted By : Amit Gupta |
09-Jan-2014, 01:34:30 |
| The question is not clear , tax is deduct under which section.... it will gross up 5556 and it it is deduct U/d 94C then it will be gross up 50505 0r 51020.. depend on the situation |
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