« Top Headlines » Open DEMAT Account in 24 hrs  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money  ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR  ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief  ITAT Delhi Quashes Tax Notice on AMU PG Student’s ?18.34 Lakh Stipend, Declares It Tax-Free Under Section 10(16)  Advance tax deadline September 15: What happens if you missed the previous instalment payment?  How much gold jewellery can you keep at home? Nagpur ITAT explains rules on ownership, gifts, taxability  ?5.31 lakh TDS refund allowed by ITAT Delhi: Why absence of an original ITR did not block the taxpayer  Missed the ITR Filing Deadline? How to Claim Your Income Tax Refund and Correct Mistakes Before December 31, 2026  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session) «  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.