TCS Employees Get Notice From Income Tax Department

TCS Latest News: Employees of Tata Consultancy Services have received tax demand notices from the Income Tax department over Tax Deducted at Source claims. On Sept. 9, employees in the organisation across domains received an intimation under Section 143(1) of the IT Act, stating that there was no record for the full amount paid by the assessee for Q4 FY24. Further, the notice said that the non-recorded amount, along with interest and charges, was to be paid. The intimation necessarily serves as a preliminary assessment of the taxpayer's income tax return filed for a particular financial year. The tax demand received by various employees spans from Rs 50,000 to Rs 1,45,000.

#tcs #incometax #news

[gokusam-ej]

See they cant calculate tax properly and they talk about ai people blindly investing money. Offering 3.2 lacs to ca and giving large ctc to mgmt lands u in this situation . Cutting va of employee and showing profit. May be earning interest as well and showing profit.

[ritswik]

I haven't yet received my TDS refund. How long is it going to take maximum ? These junk meat bags at IT dept are there just to draw salary and buy stuff on emi they are least concerned about work

[abcabc-wxnl]

It's shocking that after several bankruptcies since last 20yrs and same recurring issues of employees TDS not deposited by company ..the gov continues to demand the same TDS already deducted by co again from employees...I am personally facing it and am appalled that neither FM neither the judiciary and neither NCLT nor PM have been able to provide any relief to employees...if farm loans can be waived, if industrialists loans can be given 90%haircuts then why can't employees whose (meagre) TDS which has been already deducted be given respite by waiving thr TDS demands ...first foremost why demand it from employees when company has deducted n not deposited...can't modi gov not do this much for taxpaying employees???

[e_samurai]

What if someone diverted that much TDS to stock market and made quick money? How tf can this happen at TCS's end.

[Rahul_Mehra]

Looks like the issue is resolved now...check ITR status on income tax portal...it is showing refund/demand as NIL.

[gen-zmultibaggers]

CFO must be fired for these kind of serious mistakes.

[PEARLUAL]

Something fishy.. there can be a chance due to financial crunch they didn't pay it on time..

[matheenmohd]

It seems corrected now on income tax portal
But the rectification on ITR is still pending

[mdzaid]

Even I received intimation, not sure what actions has to be taken as I am ex employee.

[ps-ghhu]

Infosys employees trolling TCS employees

[jacobtrr]

TCS employees ko utnaaa jyaaada tax kya kaata ???

[foramsojitra]

I am about to get refund of 20k and instead now i got demand of 30k