Sucheta Dalal :New TDS procedure just announced will mean more coercion and blackmail by I-T department
Sucheta Dalal

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New TDS procedure just announced will mean more coercion and blackmail by I-T department  

August 11, 2014

A new procedure announced by the income tax (I-T) department on Saturday will coerce you to pay unethical and punitive tax demand even for clerical errors

 

Girish Borkar

 

The Centralised Processing Cell (CPC) of Income Tax (I-T) Department has mandated by a communication dated 9 August 2014 that “Short Payment Defaults” in the quarterly tax deducted at source (TDS) statements due to unmatched challans has to be closed before you are allowed to download the “consolidated” files from the website of TDS Reconciliation Analysis and Correction Enabling System (TRACES) for relevant statements.

 

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-- Sucheta Dalal