Karnataka-Goa region tops in TDS collections

The Karnataka–Goa region has clocked the highest growth in TDS collections at almost double the national average, said Ashutosh Chandra, Commissioner of Income Tax, Bangalore.

He said this reflected better understanding of law on the part of taxpayers and urged more individuals to comply with income tax laws.

Chandra was speaking at a Assocham seminar on TDS.

Noting the need to foster culture of compliance with tax laws, Chandra said that more compliance would bring down the need for prosecution or investigation by tax authorities, while at the same time ensuring timely collection of taxes due.

A Central Processing Centre (CPC) to process TDS (Tax Deducted at Source) of the Income Tax Department will soon be operational, he said. The CPC will help substantially reduce problems associated with filing of TDS returns and matching of due refunds.

Chandra said that this would help obviate numerous problems currently faced by taxpayers, particularly those resulting due to errors in feeding of data.

S S Mantri, Additional Commissioner of Income Tax (TDS), Bangalore advised delegates to ensure strict compliance of provisions of tax laws especially in matters related to tax deducted at source. In case of doubt, tax deductors may approach the department for clarification, he said.