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.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- LTCG EXEMPTION AND TAX APPLICABILITY
- ITR 3 VALIDATION
- Brokage income from sale and purchase of property
- EPF withdrawal before 5 years and Disclosure in ITR-2
- Error while validating
- UNUTILISED CAPITAL GAIN FD
- 44AD business and F&O loss
- Regarding Withdrawal of unused amount in Capital Gain account scheme
- Clarification on ITR 3: Is Sl. No. 64 required for 44ADA income?
- ITR-4- U/s.44AD- Financial Particulars of Business
- How to show P2P lending income (IndiaP2P, Mobikwik Xtra etc.) in ITR-3?
- How to show Capital Gain from Debt Mutual Funds in ITR?
- Input tax credit availed but not utilized
- Accounting entry for instalment payments and gst obigations
- Purchase of Time Deposit in AIS
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Stamp Duty & Registration Fees on Sale Deed
- GST on Restaurant service
- Revision under Section 264 in The Income Tax Act, 1961
Trending Online Classes
-
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
CA Nipun Arora03 September 2025 -
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)
Industry Expert15 September 2025
CAclubindia
