Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: empanelment :: TDS :: ACCOUNTING STANDARDS :: form 3cd :: ACCOUNTING STANDARD :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment :: VAT RATES :: VAT Audit :: cpt :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: list of goods taxed at 4% :: articles on VAT and GST in India :: Central Excise rule to resale the machines to a new company
 
 
General »
 Consumer goods distributors, wholesalers to bear the brunt of GST
 GST classification woes to continue
 There will be no tax on farm or agriculture income
 RBI, Income Tax Acts to be amended for electoral bonds, Jaitley says
  Clarifications on the Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016
 I-T zeroes in on Mumbai trader in first crackdown after demonetisation
  Tax queries answered by Dilip Lakhani, Senior Chartered Accountant
 Income Tax Department Failed To Unearth Black Money Despite Information
 Govt filing twice as many cases as private cos in Supreme Court
 Taxes under GST 'to increase a bit', says CBEC Chairman
 Google Tax could soon make even downloading apps on your smartphone a costly affair!

Employer to blame for excess tax refund delay
September, 05th 2009

Many government employees do not get refund of excess tax deducted at source (TDS) from the income-tax department in time because of what they say I-T department's laxity. There are, however, other reasons for this delay, one of them being the fact that many a drawing and disbursing officer (DDO) of the state and Central government offices in Bihar and Jharkhand have not obtained the TAN (tax deducted at source account number).

These DDOs, on behalf of the employer, deduct tax from the salaries of employees. Only 60% of the estimated 50,000 such DDOs of the two states have obtained TAN.

The I-T commissionerate of Bihar/Jharkhand (TDS) has now launched a month-long special drive, christened `Operation Sampark' to ensure that all the DDOs of Central and state governments get TANs.

"Employees suffer due to laxity of their DDOs," said a senior I-T official, adding the TDS benefits are not passed on to the employees because TAN is a must for proper accounting of tax deducted at source.

He said in the absence of TAN, an employee's tax deducted at source is not shown in the I-T records against the name of the particular employee. The tax refund process is, therefore, kept in abeyance. "There are thousands of such cases pending," the taxman said.

Incidentally, the I-T Act provides for a penalty of Rs 10,000 on the DDOs for their failure to obtain a TAN.

During the special drive, designated I-T officials would carry out an operation in all the revenue districts of Bihar and Jharkhand and send TAN allotment application forms to respective treasury officers with a request to distribute the same to all DDOs. The completed forms can then be submitted to the treasury officers from whom the I-T officials would collect the same.

The DDOs who would fail to obtain TAN during the drive would be later contacted personally so as to achieve the target of giving TAN to all the DDOs.

Subsequently, steps would be taken to ensure that all the DDOs file their TDS returns for the fiscal year 2007-08 and 2008-09. Filing of TDS returns is a must but many DDOs do not file the returns because they do not have TAN.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Our Experience

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