Nil return
This query is : Resolved
18 July 2009
Dear sir,
If an assessee earns a salary form two difference companies say Rs. 10,000 each. The two employer also not deducting the tax at source since the assessee is below the basic exemption limit. However, Assessee earns Rs. 20,000 per month and he also not disclosing this information to any employer. He files the return every year as nil return.
1. whether he is lible to tax?
2. if yes, what are the consequences faced by the assessee and employer?
If an assessee earns a salary form two difference companies say Rs. 10,000 each. The two employer also not deducting the tax at source since the assessee is below the basic exemption limit. However, Assessee earns Rs. 20,000 per month and he also not disclosing this information to any employer. He files the return every year as nil return.
1. whether he is lible to tax?
2. if yes, what are the consequences faced by the assessee and employer?
18 July 2009
yes he liable to tax & return.
18 July 2009
1. yes he is liable to pay tax as he is earning more than the exemped limit.
2. No consequence to the employer as employee has not provided the information about the another employment income.
For Assessee, there will be only trouble in the future if his case is considered for scrutiny and it is proved.
Please pay the taxes as per the income.
2. No consequence to the employer as employee has not provided the information about the another employment income.
For Assessee, there will be only trouble in the future if his case is considered for scrutiny and it is proved.
Please pay the taxes as per the income.
18 July 2009
AGREE WITH EXPERTS
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- FORM 26A APPLICABILITY
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
