tds not deducted

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piyush jindal (Querist)

01 July 2016 hello, my friend is working in MNC, he switched his job during the last 6 months of financial year 2014-15..so the later company has paid salary of Rs.4 lacs for last 6 month approx and has not deducted tds ...and he also did not his income tax return of PY 2014-15... if he file return now...and any penalty will be arise...??? and also interest of which period should be charge..?? please suggest....

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

01 July 2016 For Ay 2015-16 still time is there to file till 31st March but due date filing is lapsed. Salary income for 2014-15 both employment to be calculated, if tax liability arise than same has to be paid. Interest liability u/s 234A, 234B and 234C will be there if tax liability may arise.

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piyush jindal

piyush jindal (Querist)

02 July 2016 are he liable to pay any penalty...on the taxable income of PY 2014-15

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KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)

02 July 2016 No penalty only interest to be paid.

piyush jindal

piyush jindal (Querist)

04 July 2016 thanks sir...😂

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