ICAI Requests Members to Share Hardship Being Faced with Regard to TDS Returns. - (18-02-2012)

The Direct Taxes Committee of ICAI makes suitable representations to the Central Board of Direct Taxes or other appropriate bodies on various issues arising out of direct tax laws from time to time which are brought to the notice of the Committee by the members.

Recently, it has been brought to the notice of Direct Taxes Committee that demand notices are being served on the Deductors on account of various possible reasons. The said matter was placed by ICAI before the Central Direct Taxes Advisory Committee in its meeting which was chaired by Hon’ble Finance Minister Shri Pranab Mukherjee. Considering the fact that there may be other difficulties which are being faced owing to rectification of TDS returns the ICAI was requested to compile all such difficulties being faced by the assessees and discuss the same with appropriate authorities.

Thus, the members are requested to share the difficulties, if any, being faced in respect of demand notices, rectification of TDS returns etc latest by 25th February, 2012 at dtc.memoranda@icai.org. The issues so received will be compiled and considered by the Committee for making appropriate representation.