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Explained: Byju’s Employees TDS Fiasco — Legal Remedies And Employer Liability
Here are the available legal remedies against companies that do not deposit TDS with the government.
19 Jul 2024, 09:51 AM IST ![NDTV Profit](/icons/feather-without-circle.svg)
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![<div class="paragraphs"><p>File photo. (Source: Byju's/Facebook)</p></div>](https://media.assettype.com/bloombergquint%2F2024-06%2Ff794efb4-528b-4427-aea1-3536f6d21a79%2FByju_s_FB.jpg?rect=0%2C0%2C1642%2C924&auto=format%2Ccompress&w=200)
File photo. (Source: Byju's/Facebook)
Several employees of embattled ed-tech company Byju's have recently discovered that tax deducted at source, or TDS, has not been deposited with the government, according to various media reports. Though rare, one must wonder what happens if confronted by a similar situation. What are the available legal remedies, and is the company liable?The reasons for non-deposit of TDS can vary from genuine cash-flow issues or business downfall t...
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