In the last quarter of Form 24Q, if the details of salary of one employee is wrong for ex- tds deducted figure is wrong and differs from form16 issued to him and the return is submitted, wht is the impact of this error?
1 Replies
Sorabh Gupta
(Manager ( Taxation ))
(877 Points)
Replied 10 June 2009
Sweta
Main impact is , that particular employee can't get the credit of TDS as deducted by u when he is filing his personal return .
And as of now govt has also introduce the concept of UTN no. which will match the TDS deducted & TDS credit claimed and this concept is also aaplicable for the last F.Y. i.e. 2008-2009.
it may be that this fault can be hide but if it doesn't then may be you will face the penalty as you are liable to deduct TDS & you didn't that..........
So contact to NSDL , they will definitely give you solution.........
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