Pursuant
to the judgement of the Delhi High Court in Court on Its Own Motion vs. UOI 352 ITR 273, the CBDT has
issued Instruction No. 11 of 2013 dated 27.08.2013 stating that where the report
by the deductor in the TDS statement are not found available in the OLTAS
database resulting in TDS mismatch, the CPC(TDS)/ AOs(TDS) shall immediately
issue letters to the deductors, in whose case TDS challans are unmatched, with a
view to verify and correct these challans. If necessary, the deductors may be
asked to file correction statements, as per the procedure laid down and
necessary follow up action be taken. It has been directed that the task should
be completed by 31st December
2013 for FY 2012-13 in the case of CPC (TDS) and FYs 2011-12 &
earlier in case of AOs (TDS).
Subscribe to:
Post Comments (Atom)
SC holds extended period cannot be invoked if allegations are not justified in the show cause notice issued under section 74
This Tax Alert summarizes a recent judgement of the Supreme Court (SC) [1] on whether a show cause notice (SCN) under Section 74 of the ...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
THE issues before the Bench are - Whether when an expenditure is claimed to have been incurred by an assessee for promotion of his busine...
-
The posting had been move to another website. Please click the link below to get the access of the same. https://taxofindia.wordpress....
-
"whether tds should be deducted u/s 194C for payment made to travel agent for booking of airline tickets by a company for its employee...
-
Any tax, interest, penalty, fine or any other sum payable by virtue of an order passed under the Income Tax Act as specified in the ...
-
This Tax Alert summarizes a recent ruling of the Karnataka High Court (HC) [1] on the constitutional validity of Health Security se Natio...
-
This Tax Alert summarizes a recent ruling of the Delhi High Court (HC) [1] on whether the newly introduced pre-deposit requirement for fi...
-
The India-Mauritius DTAA, which entered into force on 1 April 1983, was amended by way of Protocol signed on 10 May 2016 [1] (2016 Protoc...
-
The overall effective tax rate of a U.S. multinational corporation may have significant impact on the value of its stock. Therefore, it ...
-
This Tax Alert summarizes a recent ruling of the Gujarat High Court (HC)1 on the taxability of corporate guarantee provided by the Petitio...
No comments:
Post a Comment