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.
From India, Bangalore
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1After 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.
From India, Bangalore
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Hi,
A lot of people are facing these problems nowadays. You must approach your IT Officer, as he is the only one who can help you solve this issue. Present the TDS Certificates and Income statements to him and convince him that the liability is not on your shoulders. He will make the necessary corrections.
Regards,
REJI
From India, Kottayam
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A lot of people are facing these problems nowadays. You must approach your IT Officer, as he is the only one who can help you solve this issue. Present the TDS Certificates and Income statements to him and convince him that the liability is not on your shoulders. He will make the necessary corrections.
Regards,
REJI
From India, Kottayam
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Previous Employer.xls
TDS circular.pdf