sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« Direct Tax »
 Time to do away with angel tax?
 CBDT directs tax sleuths to survey, inspect high value transactions
 Filing your income tax returns? Here are four challenges that you may face
 Filing your income tax returns? Here are four challenges that you may face
 Here's a list of things to remember while filing income tax returns this year
 How to fill salary details in ITR1 for FY 2017-18
 Filing income tax returns? You need to disclose these assets to the taxman
 Here's why you should not delay filing your income tax returns
 Six changes in ITR 1 form that you must know ITR 2018-19
 Here are top 5 ways to save money, and you won’t even feel the pinch
 Why checking Form 26AS is necessary Income tax return (ITR) filing

No direct demand on assessees if TDS already deducted: CBDT
March, 12th 2016

The Income-Tax Department today asked field offices to refrain from raising tax demand against assessees whose TDS has already been deducted but not deposited to the exchequer.

Issuing an office memorandum, the Central Board of Direct Taxes (CBDT) said there is an embargo on direct demand against the assessees in cases where the tax demand is on account of tax-credit mismatch due to non-payment by the deductor.

"It has been re-emphasised that the assessing officers shall not enforce demands created on account of mismatch of credit due to non-payment of TDS amount to the credit of the government by the deductor," CBDT said.

The CBDT had in June last year issued directions to field offices that taxpayers whose tax has been deducted at source but not deposited to the government's account by the deductor, will not be asked to pay the demand to the extent tax has been deducted from his income.

"Instances have come to the notice of the Board that these directions are not being strictly followed in field offices," it said, adding the Office Memorandum has been issued reiterating the contents of the letter.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions