« Top Headlines » Open DEMAT Account in 24 hrs  ITR Filing: 6 Ways to Get Exemption on Income Tax  Income Tax Return Filing: 10 Mistakes To Avoid When Filing ITR For AY 2024-25  Old vs New Tax Regime: Who should move to the New Tax Regime from the old one?  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here  Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals «  ACCA recognition... Your tax returns may gather dust... » CAG to probe defence, rlys for TDS leak August, 03rd 2007 The Comptroller and Auditor General (CAG) will conduct a special audit of departments belonging to the Ministry of Defence and the Ministry of Railways this year, to find out if there is leakage in the tax deducted at source (TDS).   The departments in the two ministries together spent around Rs 1,50,000 crore in 2006-07, but the amount of TDS deducted was only Rs 900 crore.   Either there are irregularities in the departments accounts or many of them are not deducting TDS, an income-tax official said.   Of the Rs 75,000 crore collected in 2006-07 through TDS, only Rs 1,800 crore was amassed from all departments of central government ministries.   Departments are obliged to deduct TDS from expenditure towards salaries, maintenance contracts, works contracts and ads. The I-T department is concerned over the general declining trend in filing of TDS returns, and collections as a proportion of total direct tax collections.