Would like to ask experts how do I treat Income Tax due of absconding Employee.
We deducted the Tax of an Employee based on the Tax declaration which he has given on April 2020. All of a sudden the Employee has been absconding without serving any notice period since Feb 2021. Neither did he submit his actual Income Tax proof.
Now as per his Tax calculation in February there is a sizable amount of tax shortfall due to non submission of proofs from his end. We deducted his tax from April 2020 to January 2021 based on his declaration. But now he is not submitting the proof of investment. Will the company be liable for non deduction of Tax.
Kindly advice what steps to be taken.
Will the company be liable for non deduction of Tax.
Awaiting for guidance.