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LIVEMINT.COM · GLOBAL ·

Can the tax department deny TDS credit if your employer defaults? ITAT answers

As reported by livemint.com
For most salaried employees, the deduction of tax at source (TDS) from their monthly salary marks the end of their tax obligation on that income. But what happe...
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The Income Tax Appellate Tribunal (ITAT) has provided crucial clarity on tax deducted at source (TDS) for salaried employees. This ruling states that employees can still claim TDS credit even if their employer fails to deposit the deducted tax with the government. This offers…

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