IT Dept to conduct More TDS Surveys: CBDT suggests Measures to Enhance TDS Revenue

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The Central Board of Direct Taxes (CBDT) Chief, Shri Sushil Chandra, last week suggested certain measures for enhancing revenue Collections through Tax Deduction at Source (TDS).

The CBDT Chief, in his letter to the officials suggested that more TDS surveys must be conducted to check non-deduction or under deduction of taxes at source.

“All cases, where the TDS payment by the deductors in the current year is more than 10% lower than the payment in the corresponding period of last year may be examined on priority for possible spot verification or survey based on the compliance background of the deductors. An equally useful step would be monitoring compliance of newly introduced provisions under Finance Act 2017 such as sections 194IB and 194IC of the Income Tax Act,” Shri Chandra said.

 He said that some TDS defaulters may be physically verified for immediate collection of TDS which has been deducted but not deposited to the Government so far.

Criminal complaints under sections 276B and 276BB need to be expeditiously filed before Courts in liable cases, he said.

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