Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« General »
Open DEMAT Account in 24 hrs
 Income Tax Refund (ITR) Status Check for FY 2024-25 (AY 2025-26) A Simple Guide
 How to Use Barcode Inventory Software in TallyPrime Complete Step-by Step Guide for Businesses (2025)
 How to Use Barcode Inventory Software in TallyPrime Complete Step-by-Step Guide for Businesses (2025)
 Which Tally is Best for You in 2025? Complete Guide to TallyPrime, TallyPrime Edit Log & TallyPrime Server
 How the IT & Technology Industry Can Use Tally Prime The Complete 2025 Guide to Smarter Finance, Billing & Automation
 How to Create a Proforma Invoice in Tally: A Complete Step-by-Step Guide for 2025
 Tally Prime and the Rise of Cloud-Native Accounting in India
 Step-by-Step: Using Tally Prime for Financial Reports and Cash Flow
 Zero Errors, Zero Hassle: How Tally Prime Reinvents Tax Compliance
 Gold Price Today in South India Madurai, Hyderabad, Warangal & Kochi (10 Nov 2025)
 How to Record Bank Statement Entry in Tally Prime

I-T dept queries
January, 15th 2010

Serious lapses on the part of the accounts department of the Margao Municipal Council (MMC) in maintaining TDS (tax deducted at source) records has landed the chief officer Prasanna Acharya in the dock.

Responding to a summons issued by the income tax department over the matter, Acharya on Wednesday personally appeared before the income tax officials and submitted his explanation.

Acharya, when contacted, confirmed that the IT department had issued a summons to him over irregularities in the TDS records, but sought to downplay the issue.

I personally appeared for the hearing at the income tax office on Wednesday. There is no issue at all. The accounts department had failed to maintain records of TDS receipts in the format prescribed by the IT department and they wanted an explanation, Acharya told TOI, adding that it was not a goof-up by the accounts department. I have inquired with the accounts department.

Though the TDS receipts were being deposited regularly with the income tax department, the issue was about maintaining proper records, Acharya said. Sources in the municipality, however, said that the laxity on the part of the accounts department resulted in the embarrassing situation.

The TDS records are not being maintained properly for the last two and half years. When the IT team came for inspection recently, the accountant failed to give satisfactory replies to their queries.

As the chief officer functions as the drawing and disbursing officer, the income tax department issued summons to him, a MMC source informed. Sources in the IT department, however, said that the matter was a routine inquiry.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2025 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting