Filing income-tax returns not so saral!
July 27th, 2008
Filing income-tax returns not so saral!
MUMBAI: Filing income-tax returns has never been so saral, as is made
out to be. The latest controversy is about filing TDS (tax deducted at
source) certificates. Last year, the department had issued an advise
to taxpayers not to file any attachment with the returns. However,
when taxpayers complied, the department changed its stand.
It said the TDS certificates would have to be filed along with the
returns, else the returns will not be accepted.
Now, taxpayers are in a fix: to file the attachment or not. Chartered
accountant Nilesh Kapadia explains the dilemma. He says the income-tax
commissioners are refusing to accept the returns if TDS certificates
are not filed with the returns.
Even when you produce copies of TDS certificates along with the
returns, the commissioners continue to reject the returns. The
department insists that TDS certificates should be original.
The I-T department says the advise by the tax authorities not to file
any attachment with the returns was part of its ongoing exercise to
automate the whole administration. Office of the chief commissioner,
Mumbai, said the instruction for not filing any attachment with the
return was made in the financial year 2006-07.
The CBDT has already issued instructions that if the TDS claim by the
employer is less than Rs 5 lakh or if the refund is less than Rs
25,000, the taxpayer need not produce the TDS certificate. In all
other cases, the returns should carry the TDS certificate.
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