B.K.Ray (Student CS) (42 Points)
23 September 2013A company had issued Form-16 to its employee where the TDS deducted is mentioned. But now IT dept has sent notice that there is mismatch in tax credit. After enquiry at company it was observed that the TDS deducted has not been deposited yet. In spite of several request by the person , the company is not updating the deposit.
IS there any penlty to be imposed on the employee!!! Should the company be responsible for this!!!
Seniors, please advise ...Thanks
Gaurav Jain
(ca)
(42 Points)
Replied 23 September 2013
only company shall be penalised for non depositing of tds under various section of income tax department.
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