Employee furnishes all his other income and deduction details to employer , (2019-20)
Salary Income - 480000
Other Income - 20000
Deductions(LIC) - (100000)
Net total income - 400000
Tax Liability/TDS -. Nil due to rebate u/s 87A
My question is that in such case whether employer required to furnish TDS Return in 24Q or not ? if he has not filed TDS return and employee files his ITR within due date then will it be OK? or employer have to face any negative consequences ?
CAclubindia
