The government is expecting about Rs. 46,739 crore through TDS from the Delhi region in 2016-17, a top Income Tax Department official said at an ASSOCHAM event held in New Delhi .
“Our target as on date is about Rs. 46,739 crore out of Rs. 1,15, 000 crore overall target for current fiscal”. She further said , TDS system is improving day by day and we are trying to bring most of things under TDS net to facilitate the taxpayers only and make them more compliant also” said the Chief Commissioner of Income Tax-TDS, Ms Nutan Sharma while inaugurating a national seminar on ‘Tax Deduction At Source (TDS)’ organised by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
Tax deduction at source (TDS) is major source of revenue and it has risen very fast over the last few years and it is one of the main sources of tax collection. We have collected almost 45% of the entire collection of Delhi through TDS, said Ms Sharma.
“TDS is our main source of collection and it is main source of our revenue not only in direct taxes, but in the overall collection of the government, said Ms Sharma.
For Delhi region, the tax department has been seeing a consistent growth of 14-15 per cent in TDS collection since restructuring of the department in 2014, said Ms Sharma.
Talking about the TDS performance in Delhi, Ms Sharma said that when there was a slowdown but TDS always remain high and I trust that this will continue and our partnership will be longer and forever.
Mr. Sandeep Bandhu, Additional Commissioner of Income Tax (CPC–TDS) highlighted the proactive approach at Centralized Processing Cell (TDS) is e- awareness drive, over 3.5 Crore educational and awareness emails sent to specific target group of deductors to sensitize them on the specific area of TDS compliance–special drive for better TDS compliance.
“Identifying challan and PAN errors at preliminary stage of processing and providing one week window to resolve to avoid any TDS defaults; Step towards Non adversarial TDS administration”.
Connecting back to 1000 deductors per week who raised grievances earlier to know their feedback on its resolution-over 70% satisfaction rate and “Callback” option on IVR, around 100 deductors per day are using this facility.
Grievance Resolution –four channels of communication (online grievance/ email/call centre/ postal letter), Online reporting for lesser deduction/payment of tax and non-filing of TDS statements to avoid notices, Online 197 certificate application –work in progress, form 15G/H –submission of physical forms -done away, Corporate Connect-aggregated TDS compliance, secured access, kyc relaxation, view 26AS, 40a(ia) and the Capacity building of deductors through e tutorials/FAQs.
“26QB Correction enabled through DSC and Net-banking, online submission of Refund Request, Online filing of TDS/TCS Statement with DSC on e-Filing website, Salary Details reported by Employer in 26AS part H” the recent release for ease of doing business.
Amid others who addressed the ASSOCHAM seminar included Mr Sandeep Nagpal, Director, Nangia & Co., Mr Aditya Gupta, Director, PwC, Mr Navin Kumar Gupta, Partner, BSR & Co. LLP and Mr Rahul Garg, Chairman, ASSOCHAM National Council on Direct Taxes