What are the consequence if TDS is not deducted by employer while making payment of salary but employee has paid advance tax on his income.
siddharth bodas (CA in practice) (159 Points)
18 December 2012What are the consequence if TDS is not deducted by employer while making payment of salary but employee has paid advance tax on his income.
Durga Prasad
(Trainee)
(392 Points)
Replied 18 December 2012
Sir,
If the employee's income is taxable and the employer is not deducting tax then, it is good for the employee if he is paying advance tax. And if, income is not taxable then the advance tax paid by him can be refunded to him.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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