My Company deductied TDS but not paying to Govt.

[Guest]

Hi,

My company Deducted Income tax every month as part of payroll process.  But the same is not paying to the Govt. What action we can take.

AI Summary

Company Risks Penalties for Not Remitting Deducted Income Tax; Immediate Payment Advised to Avoid Legal Consequences. An individual raised a concern about their company deducting income tax from salaries but failing to remit it to the government. Two responses addressed the issue. The first response warned that the company could face penalties, including paying the deducted tax with interest. The second response detailed potential legal consequences under various sections of the Income Tax Act, such as asset charges, default status, imprisonment, and penalties. It advised immediate payment of the deducted tax with interest to avoid these repercussions.