CPC-TDS to provide window to taxpayers to report non-compliance by deductor
CBDT has issued its Central Action Plan (CAP) for FY 2017-18. As per the said plan, the contribution of TDS to the overall gross direct taxes collections during FY 2016-17 was about 37%. The CAP 2017-18 has emphasised the importance of Tax Deduction at Source as a non-obtrusive but powerful instrument for preventing tax evasion, widening the tax base and augmenting revenues over the years.
CAP 2017-18 recognises an effective and efficient TDS administration as a key area, not only for achieving the above tax collection objectives but also for providing better taxpayer service.
The CAP 2017-18 has outlined several objective for FY 2017-18. As per the Action Plan, the strategy to augment revenue through TDS requires a combination of proactive measures related to enforcement, capacity building (external and internal) and leveraging of information that is now available with the Department through the CPC (TDS).
One of the action items laid down as guidance to the field officers is as under:
Non-filing of TDS statements results in consequential mismatch of TDS in the case of deductee taxpayers and consequent avoidable grievances.
This feedback shall be made available to the relevant field TDS officer for further action. List of non-filers of TDS statements would also be available to the field TDS Officers on the MIS section of the AOs portal.
Penalty u/s 271B for unfilled column 40 in Form 3CD related to details regarding turnover, gross profit etc. for previous…
Merely rectifying computation without amending assessment order without notice to assessee does not nullify the entire assessment - ITAT In…
Once assessee discharges primary onus of providing basic documents in support of the identity, genuineness and the creditworthiness it shifts…
CBDT has notified Cost Inflation Index for Financial Year / Tax Year 2026-27 CBDT has notified "384" as Cost Inflation…
Power of CIT(A) under section 251(1)(a) to remand case could be exercised only when the assessment is passed u/s 144…
ICAI (Global Networking) Guidelines, 2025 kept in abeyance In February 2026, ICAI had issued ICAI (Global Networking) Guidelines 2025 to…
View Comments
Income tax deduction by employers and not credited in income tax department.