Direct tax payment liability continues where withholding fails, while eligible start-up employee share taxation receives deferred payment treatment. Section 391 requires an assessee to pay income tax directly where no tax deduction at source provision applies or where required tax has not been ... Summary
Direct tax payment liability continues where withholding fails, while eligible start-up employee share taxation receives deferred payment treatment.
Section 391 requires an assessee to pay income tax directly where no tax deduction at source provision applies or where required tax has not been deducted. Employees receiving specified securities or sweat equity shares from eligible start-ups receive deferred payment treatment, with tax payable under section 289(3). Where a deductor or specified employer fails to deduct, deposit or pay tax, and the assessee also fails to pay directly, that person is deemed an assessee in default and may face interest, penalty, prosecution and other statutory consequences.
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