Individual having salary income ₹2500000. After taking all deduction a tax liability of ₹500000 arises and total tds deducted during the year ₹450000 arises. Now ₹50000 shown as short deduction in 24q. Whether I have to pay the remaining ₹50000 as tds although I paid ₹ 150000 as advance tax
Please help me out as tomorrow is last date for tds return....
1 Replies
Bala Pullaiah
(16 Points)
Replied 31 May 2018
Discharge of tax liability is the responsibility of assessee. but since TDS is deduction at source,expenses will get disallowed & procecution will arise. instead pay with interest and file the return will be advisable
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