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Q. > Please Help: TDS Grossing up
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285 views • Question added Jan 08, 2014 • Income Tax • By CA. Krishnakant Agrawal , CA


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?

1 Answers

answered Jan 09, 2014 by Vikash Kumar Jha , Cuttack

It should be 5556


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amit gupta

09-Jan-2014 , 01:34:30 pm

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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