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Centre likely to ease TDS pain

Taxpayers have protested that often tax is deducted by their employers but not transferred to govt

Policy Pulse
Publish Date: Jul 19 2016 11:36AM | Updated Date: Jul 19 2016 3:39PM

Centre likely to ease TDS pain

 The Centre is likely to ease the problems related to tax deducted at source (TDSa report in ‘The Economic Times’ has said.

 
Several taxpayers have protested that often tax is deducted by their vendors or employers but not transferred to government, which results to harassment as refunds can't be processed, the report added. 
 
Though the commissioners have the power to offer relief up to Rs 1 lakh if a certificate of deduction is produced, taxpayers have not been getting much breather when they facer such problems.
 
Officers have now been asked to use the power so that sincere concerns are addressed. Government has already asked officers to check on those who do not deposit tax after deducting.
 
While the problem had been affecting many employees, the Central Board of Direct Taxes (CBDT) had failed to provide much relief. 
 
Revenue secretary Hasmukh Adhia is learnt to have instructed CBDT officials last week  to find a solution at the earliest.