Dear Freinds,
As I have came across one case recently, where a employer have deducted tax at source from their emloyees; which employer didn't deposited and not declared.
Due to financial crises employer couldnot able to pay it at one time (company is at the eve of liquidation); so he decided to pay it one by one OR case to case basis.
Could you please share the way, how can that employee pay the tds for employee ? Can he pay on behalf of employee directly, if Yes then what is procedure ? what will be the taxability and allowability as per IT rules and companies rules.
Kindly advice.
Regards
Mandar Hingne
CAclubindia
