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October 2010

IT Dept. worried with 50% TDS data mismatch cases

By Raman Jokhakar
Tarunkumar G. Singhal
Chartered Accountants
Reading Time 1 mins
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13 IT Dept. worried with 50% TDS data mismatch
cases


Tax deducted at source (TDS) has become a
problematic issue with the Income-tax Department, as in more than 50% TDS refund
cases, it is facing an uphill task in matching the data provided in the
assessee’s income-tax returns with the TDS deductor’s information available with
the NSDL.

And the mismatch is resulting in the assessee
running from pillar to post to get back the refund due to him from the
Department.

“It’s a pan-India problem; the Government wants the
system to be fully computerised so that things are streamlined,” said Jamshedpur
Commissariat DCIT (TDS) S. M. S. Tauheed recently.

 

(Source : The Financial Express, dated
10-8-2010)

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