―Deepak Jaiswal
The tax officer cannot recover the TDS amount from you, provided the tax was deducted from your income by your employer. Here's why: Section 205 of the Income Tax Act explicitly states that no demand for TDS can be made against the employee if the tax was deducted by the employer but not deposited.
This story is from the December 14, 2024 edition of Financial Express Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 14, 2024 edition of Financial Express Delhi.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Dilip Kumar's Bandra bungalow turns into 'Legend'
AS THE COUNTRY celebrated the 102nd birth anniversary of Bollywood legend Dilip Kumar, news of the redevelopment of his family bungalow in Bandra's Pali Hill area, in Mumbai, has made headlines.
Will India's chess triumphs help attract marketing dollars?
RBL Bank lost no time and on Friday released advertisements congratulating its recently recruited brand ambassador D Gukesh for the World Chess Championship title win.
India's ₹50,000-cr submarine plan stalls after sea tests
INDIA'S $6 BILLION (₹50,000-CRORE) plan to build submarines has stalled because of contractor complaints over whether proper procedures were followed during tests at sea, delaying the navy's efforts to bolster its capabilities as China expands its presence in the Indian Ocean.
Swiggy does a Zomato with Scenes
Swiggy's quick-commerce service Bolt rivals Zomato-owned Blinkit's pilot initiative Bistro as well as Zepto's offering Cafe
Algo trading for retail soon
ADDITIONALLY, SEBI HAS suggested that exchanges must tag all algo orders with a unique identifier issued to ensure an audit trail.
Brent prices climb 1% to 3-week high
OIL PRICES EDGED up about 1% to a three-week high on Friday on expectations additional sanctions on Russia and Iran could tighten supplies, while lower interest rates in Europe and the US could boost demand for the fuel.
Cars that reigned supreme in 2024
There were almost 50 car launches this year, but a dozen-odd stood out. Of these dozen, a handful not just rocked the segment, but also the industry — even changing the fortune of parent carmakers.
Sebi needs to ensure people don't approach tribunal: ED
SEBI SHOULD WRITE regulations in such a way that people do not disagree and end up challenging decisions in the Securities Appellate Tribunal, a senior official said on Friday.
Not your fault if employer did not deposit TDS
● My previous employer had deducted the TDS before giving the salary every month, but did not deposit it to the government. Will the tax department recover the amount from me?
With rider, diabetics get cover from Day 1
SPECIAL PLANS COVER EVEN THOSE ON INSULIN THERAPY OR WITH RENAL FAILURE