Would I face any adverse consequences if instead of depositing TDS in the government's account I use it for my personal needs? I have not received TDS certificate from the deductor. Can I claim TDS in my return of income? - Tax India

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Friday, February 16, 2018

Would I face any adverse consequences if instead of depositing TDS in the government's account I use it for my personal needs? I have not received TDS certificate from the deductor. Can I claim TDS in my return of income?



 Would I face any adverse consequences if instead of depositing TDS in the government's account I use it for my personal needs? I have not received TDS certificate from the deductor. Can I claim TDS in my return of income?

​​​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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