Consequences for Booking false bill to reduce tax liability
This query is : Resolved
06 June 2020
in a company suppose a sales staff to reduce TDS amount on his salary he takes as a commission amount to his wife name from which he can minimize his TDS amount . can company face any consequences on complaint made to income tax department.
14 June 2020
Company needs to deduct TDS based on the information and documents submitted by the employee which is based on mutual trust and good faith. Hence company may not be held liable in case of misrepresentation by the employee.
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