Tds deduction on salaries
This query is : Resolved
Praveenveldhi
(Querist)
13 September 2014
Dear Expert,
A Tax audit covered software company giving salaries up to 3 to 4 lakhs per month.. some employees having taxable salary..
But the company is not deducting any TDS on employees..
Will this become any problem under the income tax act provisions..
Dear Expert,
A Tax audit covered software company giving salaries up to 3 to 4 lakhs per month.. some employees having taxable salary..
But the company is not deducting any TDS on employees..
Will this become any problem under the income tax act provisions..
13 September 2014
YES,
Defaulter under chapter XVII-B and required to pay interest u/s 201(1A) as well as other penal provisions.
Refer - F No. 237/475-A & PAC dt. 23.11.1976
Defaulter under chapter XVII-B and required to pay interest u/s 201(1A) as well as other penal provisions.
Refer - F No. 237/475-A & PAC dt. 23.11.1976
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