hello,
my brother is working in MNC,last year he switched his job during the last 2 months of financial year ..so the later company has paid salary of Rs.2 lacs for last 2-3 month approx and has not deducted tds and has not even issued form 16 so will be correct if I don't show that salary in the return.
if I don't show the income in the return what will be the further consequences he will have to face apart from interest.
You must show that salary in your return and pay Self assessment tax on it even if the employer doesnt deduct tds or give you form 16.
If you dont show that income in tour return then it would amount to under reporting of income and tax evasionary fir which apart from paying the related tax and interest , you may face penal consequences also.
CAclubindia
