Hello Seniors,
Yesterday I received a notice from the income tax department that I have not paid tax in 2002-2003 assessment years.
I was working for a small company then. As per my tax documents the amount was deducted as TDS. Proof is available.
So it has to have been remitted with tax department.
I then joined another company and have been with them since 2004. Here I have paid my taxes regularly. Proof again available.
Previous company closed down in 2005. I don't know where the owners and accountants live.
What should I tell the income tax people? I do not know if the company gave my TDS to tax dept. I assumed that they will do it.
If they have eaten the money or spent it, then is it my fault? I was only a developer. I had no insight into management functions.
Will tax dept. ask me to pay the money?
Yesterday I received a notice from the income tax department that I have not paid tax in 2002-2003 assessment years.
I was working for a small company then. As per my tax documents the amount was deducted as TDS. Proof is available.
So it has to have been remitted with tax department.
I then joined another company and have been with them since 2004. Here I have paid my taxes regularly. Proof again available.
Previous company closed down in 2005. I don't know where the owners and accountants live.
What should I tell the income tax people? I do not know if the company gave my TDS to tax dept. I assumed that they will do it.
If they have eaten the money or spent it, then is it my fault? I was only a developer. I had no insight into management functions.
Will tax dept. ask me to pay the money?