Hii
My query is a person has switched in 3 companies in FY10-11. He has form 16 of the first two company. The third company which was joined on mid feb has paid salary of 90,000 had not deducted any tax and hence no Form 16 issued by it.
Now, he doesnt want to show details of third company and salary of rs 90000 in return.(by doin this escape self assessment tax payable 5000). Is it advisable?
no its not adviceable to hide the income .coz the bank statements would reveal the truth
dont hide your income it may cause to harm to u because of bank statement...
Even if TDS is not deducted from the salary, it is mandatory for the company to issue Form 16 for all employees.
Even if TDS is not deducted from the salary, it is mandatory for the company to issue Form 16 for all employees.
1) Even if TDS is not deducted from the salary, it is mandatory for the company to issue Form 16 for all employees.
2) He should have deposited some tax before 15th March as now he will be reqd. to pay extra as per section 234B & C.
3) He should not hide income & pay tax as per rule.
1) Even if TDS is not deducted from the salary, it is mandatory for the company to issue Form 16 for all employees.
2) He should have deposited some tax before 15th March as now he will be reqd. to pay extra as per section 234B & C.
3) He should not hide income & pay tax as per rule.
| Originally posted by : A K Jain | ||
 |
1) Even if TDS is not deducted from the salary, it is mandatory for the company to issue Form 16 for all employees. 2) He should have deposited some tax before 15th March as now he will be reqd. to pay extra as per section 234B & C. 3) He should not hide income & pay tax as per rule. |
 |
fully agree with mr. jain
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