CBDT has issued Circular No. 8 on Tax Deduction at Source. A clarification on taxability of arrears of salary received/receivable on account of 6th Pay Commission recommendation is also placed at Page-39 of the Circular.
Circular 8
CBDT has clarified in the Press Release issued on 30th September, 2008 that that TDS would be deducted u/s 192 only from the arrears of salary actually paid during FY 2008-09. On the balance, tax would be deducted during the financial year in which these pay arrears are actually paid.
Press release
Part of the Dream Weave Walk Network 1998-2010
No comments:
Post a Comment