Would I face any adverse consequences if instead of depositing TDS in the government’s account I use it for my personal needs?

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, NIRAJ ASHOK DAVE 4 months 1 Answer 45 views 0

Answer ( 1 )

  1. ​​​Yes, failure to remit tax deducted by me in the government’s account within stipulated time-limit would attract interest, penalty and rigorous imprisonment of upto seven years.

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