31 March 2009
A private limited company. Deducted TDS on salaries, not remitted to the govt. from last 6 months, not filed quarterly returns, and also not paid salary for last 2 months. Unable to pay TDS amount to the govt. and not able to issue form 16 to its employees. What is the best solution for this.
31 March 2009
No solution. It is the liability and must be deposited immediately. Deducting TDS and not depositing it with the Gove can result in Procecution also.
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