Income Tax

CPC-TDS to provide window to taxpayers to report non-compliance by deductor

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:

Action against non-filers of TDS quarterly returns

Non-filing of TDS statements results in consequential mismatch of TDS in the case of deductee taxpayers and consequent avoidable grievances.

The CPC (TDS) shall provide a window to the taxpayers to flag non-compliance on the part of the deductor.

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.

Share

View Comments

Recent Posts

  • Income Tax

Prima facie satisfaction u/s 148 can not be a non-existing or incorrect information

The prima facie satisfaction u/s 148 cannot be stretched to a non-existing information or incorrect information - ITAT In a…

15 hours ago
  • SEBI

Mutual Funds to value physical Gold and Silver by using the polled spot prices

Mutual Funds to value physical Gold and Silver by using the polled spot prices published by the recognized stock exchanges…

1 day ago
  • bankruptcy

SC allows simultaneous CIRP proceedings against principal debtor & corporate guarantor

Supreme Court allows simultaneous CIRP proceedings against principal debtor and its corporate guarantor, declines to frame any guidelines In a…

1 day ago
  • Income Tax

Merely because sales were declared for only one month, same cannot be treated as bogus

Merely because assessee had declared sales for only one month, the same cannot be treated as bogus on the basis…

2 days ago
  • Income Tax

ITAT deleted addition as method of accounting had been accepted in earlier years

ITAT deleted addition as the method of accounting had been accepted by the department in earlier years and the entire…

3 days ago
  • Benami

Orders passed under Benami Act cannot be challenged under IBC 2016 – SC

Orders passed under Benami Act cannot be challenged under Insolvency and Bankruptcy Code, 2016 - SC In a recent judgment,…

4 days ago