11 August 2014
In case of salary paid by a company the company did not deducted TDS U/s. 192 but the employee calculated and deposited Taxes due upon such salary before 31.03.2014 (for the FY 2013-14)
The company filed its TDS return for the FY 2013-14 but didnt disclosed salary for all the employees.
What should be the next step for the said FY 2013-14 (AY 2014-15) for employer and employee.
11 August 2014
for employee, its business as usual. For employer, TDS assessment exposures remain open as salary as per accounts and TDs returns may not match!