A Pvt. Ltd Company is paying Rs50000.00 pm. to its director (who works as a faculty for the coaching run by the company), without Deducting TDS for FY 2012 13.however director shows his salary income for the computation of income tax an also deposited the advance tax.
Since the company doesn't get TAN no. till the date, what will be possible consequences which the company may face and how it will rectified.
CAclubindia
