Interest to be charged under which section for short-deducti
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 August 2013
An assessee worked under 3 different employers in a financial year (on account of job change).when the final deduction was done by the current employer, it resulted in short deduction of TDS (it was so because the assessee being ignorant did not furnish his income earned from the previous employers).
kindly tel
1) who is finally liable for this short-deduction?
2) under which section the interest wil be charged?
3) wil there be any penalty charged for this?
thanking in advance
kindly tel
1) who is finally liable for this short-deduction?
2) under which section the interest wil be charged?
3) wil there be any penalty charged for this?
thanking in advance
13 August 2013
i) Employee is liable.
ii) 234B and 234C.
iii)No penalty on employee.
ii) 234B and 234C.
iii)No penalty on employee.
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