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wrong TDS disclosure by previous employer

TDS / TCS 566 views 1 replies

Dear Friends

One of my engineer friends who was working for a big consultancy firm, till about 1.5 years ago, received his Annual Tax Statement on email. There his previous employer has shown consultancy fees in his name to the tune of approx 17L annual. the statement shows that the TDS to that effect has been credited. But my friend has filed his return as per the form 16 issued by his present employer. he tried to contact his pervious employer, and has written an email to the effect pointing out the discrepencies. He has even written a mail to NSDL informing them of the discrepencies. But nither of them has replied to him . Also he is wondering this might lead to service tax problems as the amount credited is clearly shows that he has provided professional services. What is the remedy and how can this be sorted out once and for all so that in future there are no problems as far as statutory authorities are concerned

Thanks in advance

Mitesh Bilakhia

 

Replies (1)

I don't think ur friends will be in trouble if he has TDS Certificate issued by company.

he can say that this much i have earned thru this company, proof is this (whenever asked by deptt.)

as far as these TDS Details which is coming thru net Form 26AS is not yet showing correct TDS Details. the amount shown in this form is most of the cases  is lesser than actually deducted by company/party.

so in my view your friend no need to worry as he already informed the authorities just keep those papers / proof of comuniation safe (if asked by deptt.)

:-)

 


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