Penalty
This query is : Resolved
16 May 2015
Greetings of the day to all experts!!!
A bank employee declared all incomes including sale and purchase details of a plot. But bank deducted tax only on salary amount and did not consider the short term capital gain on sale of the plot.
Fact came to the notice of the department can penalty be imposed on the EMPLOYEE for not paying tax on short term capital gain.
A bank employee declared all incomes including sale and purchase details of a plot. But bank deducted tax only on salary amount and did not consider the short term capital gain on sale of the plot.
Fact came to the notice of the department can penalty be imposed on the EMPLOYEE for not paying tax on short term capital gain.
16 May 2015
no since he has already declared to his bank employer.
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