Consequences for Booking false bill to reduce tax liability
This query is : Resolved
06 June 2020
in a company suppose a sales staff to reduce TDS amount on his salary he takes as a commission amount to his wife name from which he can minimize his TDS amount . can company face any consequences on complaint made to income tax department.
07 June 2020
IF THE COMPANY MAKES THE PAYMENT BY FOLLOWING THE PROVISIONS OF INCOME TAX ACT, 1961 AND THEN EXPENSES CAN BE ALLOWED. HOWEVER, ON COMPLAINT MADE TO INCOME TAX DEPT. SUCH EXPENSES WILL BE DISALLOWED TO THE COMPANY.
07 June 2020
if a employee knows the issue then where have to complain . please advice me.
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