Hello Seniors, Yesterday, I received a notice from the income tax department stating that I have not paid taxes for the 2002-2003 assessment years. During that period, I was working for a small company where the tax amount was deducted as TDS, and I have proof of the same. Therefore, it should have been remitted to the tax department.
After that, I joined another company in 2004, where I have consistently paid my taxes, and I have proof of these payments as well. However, the previous company ceased operations in 2005, and I am unaware of the current whereabouts of the owners and accountants.
I am unsure what to communicate to the income tax authorities. I do not have information on whether the previous company submitted my TDS to the tax department, as I assumed they would fulfill this obligation. If the company misused or failed to remit the funds, would I be held responsible? I was solely focused on my role as a developer and had no involvement in the management of financial matters.
I am concerned about the possibility of being asked to repay the outstanding taxes.
After that, I joined another company in 2004, where I have consistently paid my taxes, and I have proof of these payments as well. However, the previous company ceased operations in 2005, and I am unaware of the current whereabouts of the owners and accountants.
I am unsure what to communicate to the income tax authorities. I do not have information on whether the previous company submitted my TDS to the tax department, as I assumed they would fulfill this obligation. If the company misused or failed to remit the funds, would I be held responsible? I was solely focused on my role as a developer and had no involvement in the management of financial matters.
I am concerned about the possibility of being asked to repay the outstanding taxes.