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..
where a person who is required to deduct tax at source, does not deduct or does not pay or after deducting fails to pay the whole or any part of tax, as required by the Act, then such person shall be deemed to be as assessee in default.
Salary Expenses shall be disallowed under secton 43B.
CA Suraj Garg & Associates
New Delhi
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