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Income Tax - Highlights / Catch Notes

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Credit of TDS deducted on salary but not deposited by the ...

Income Tax

July 22, 2023

Credit of TDS deducted on salary but not deposited by the employer (Karvy Stock Broking Limited) - Petitioners directed to furnish evidence to the ITO who has issued notice of demand that tax has been deducted at source from their salaries. If such evidence is furnished, the ITO will not take any coercive steps against those Petitioners. - HC

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