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)
-
Direct Tax · No change in the rate of corporate tax including surcharge & cess.
-
Buyback is an important provision related to Share Capital of a company. Rule 17 of the Companies Act set out norms for buyback...
-
Particulars in Part 1 and Part 2 of Step-2 of registration form are required to be exactly the same as reported in the TDS statement. Plea...
-
The Input Service Distributor (ISD) mandate, introduced in the Union Budget 2024, will take effect from April 1, 2025, as per amendments to ...
-
In this post, I will discuss Secretarial Standards related to Proxies under SS – 2. Right to Appoint: A Member entitled to attend and ...
-
The Union Budget 2025 introduces significant amendments to transfer pricing (TP) regulations under the Income Tax Act. These changes focu...
-
LEASE-DEED (A brief Introduction) Lease defined. A lease of immovable property is a transfer of a right to enjoy such property, mad...
-
The Income Tax Department has developed the latest JAVA base ITR Forms utility. ITR-1 (Sahaj) and ITR-4S (Subam) JAVA base utility has ...
-
Sr No Due Date Related to Compliance to be made 1 11.02.2025 GST ...
No comments:
Post a Comment