Tuesday, June 9, 2009

Income Tax Dept to send TDS details to individual tax payers

The Income Tax Department will now mail to individual assessees the details of the tax deducted at source (TDS) on their income from different sources like banks, employers or post offices.
Officials said the move is aimed at preventing any discrepancy between the TDS actually deducted and the TDS received by the tax department.
A circular to this effect has been sent by the Central Board of Direct Taxes (CBDT) to all offices across India.

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