Suppose if TDS on salaries deducted by employer results in short deduction as the employee would have given assurance that they will invest the as proposed but do not invest. in such cases what will be the solution as it results in short deduction in Form 16.
06 June 2011
The deductor is supposed to take proof of investment from employee before March 31. if he fails to do that without considering actual investment of employee for 80C he will be liable for interest and penalty
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