Can escape
employer make a fixed deposit in the name of emloyee (not in the knowledge of employee
)
At the time of maturity, what the employee will do so that he is not come under the purview of taxation
query:-
1. can employee escape from taxation
2. consequence if,amt of F.D made by giving cash
3. consequence if, amt of F.D made by giving cheque
additional point :- employee is not filing his return (he has no IT file)
Replies (3)
In this case , legally if he dont wish to take liability of Anything then he can say it belong to his employer.
& If employee is ready to take responsibily he must have to file ITR & Show cash deposit is income from salary in all the years.
In this case , legally if he dont wish to take liability of Anything then he can say it belong to his employer.
& If employee is ready to take responsibily he must have to file ITR & Show cash deposit is income from salary in all the years.
thank you sir
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