I-T department finds mismatch of statistics

I-T department finds mismatch of statistics

Chief Commissioner of Income Tax M L Agarwal has said that there has been mismatch between the tax credits claims made by the tax payers and the statements in the TDS returns filed by the tax deductors.

The Chief Commissioner, addressing mediapersons here on Friday said there was mismatch of statistics related the tax of Rs 1,200 crore of the total Rs 33,000 crore collected in 2008-09 in Karnataka. He said that 35 pc to 40 pc of the total revenue collected comes through the TDS.

The mismatch in claiming the tax credits and actual statements in TDS returns are due to many factors.

They are-wrong quoting or non quoting of PAN (Permanent Account Number), delay in filing of returns by the deductor or wrong quoting of TAN (Tax Deduction and Collection Account Number). Agarwal said the department had enabled the tax payers view the credit available in his/her account online to check discrepancies in passing on the credits. The tax payers can view the 26 AS (tax credit statement) on the website (www.tin-nsdl.com) and verify the taxes deducted at source.

If the tax deducted at source is not reflected in the website within a month after the end of the quarter in which the tax was deducted, the tax payers can approach the deductor to seek the remedy.

Any tax payer can log on to the website by registering his/her PAN. For details visit - www.tin-nsdl.com

The Income Tax department is celebrating 150th anniversary of the tax collection in the country. The first legislation to collect income tax was passed on July 24, 1960.
The office of Chief Commissioner of Income Tax in Bangalore held a function to celebrate the occasion on Saturday.
DH News Service