14 September 2012
Dear sir i have small doubt regarding tds on salaries.i.e if employer deduct the tds on salaries but employer didnt pay to IT department.so what to do employee?
14 September 2012
Whether you a collected form 16 from employer??? If it is showing TDS deducted then you can get the credit. You may contact to the employer and tell him about the penalty proceeding u/s 276B- "If a person fails to pay to the credit of the Central Government the tax deducted at source by him as required by or under the provisions of Chapter XVII-B then he shall be punishable with rigorous imprisonment for a term which shall not be less than three months but which may extend to seven years and with fine".
CAclubindia
