Online Rectification of TDS Becomes Easy
Posted on: 11/Dec/2015 9:27:59 AM
Making things easier for the tax payers, the IT department has announced about the simplification of processes of online rectification of incorrect details of tax deduced at source (TDS) that are filed with the Income Tax Return (ITR).
Tax payers had to give out all the details of TDS schedule when they wanted to apply for rectification on e-filing portal of IT department. This was the condition that prevailed earlier.
Eliminating the complexity of the procedure, the finance ministry has announced a new facility for correcting or updating TDS details. This is believed to reduce the burden of compliance on the tax payers who seek modification for TDS mismatch, says an official statement from the department.
There is a delay induced by incomplete TDS details in the rectification applications. The delay usually affects processes like application which in turn causes hardships for taxpayers, it added.
