19 October 2010
Employer has forget to deduct TDS on Salary but Employee has paid Advance tax properly Will Salary b disallowed to employer or what will be the consequences to the employer as tax has been paid and revenue authorities has no loss of tax
19 October 2010
There are certain case laws which say if the advance tax has been paid by the deductee, nothing can be recovered from the deductor as the revenue is not at loss. However this situation may lead to a very long drawn battle between tax authorities and the assessee.