Friday, December 11, 2015

CBDT provides new facility of pre-filling TDS data for online rectifications

Central Board of Direct Taxes has simplified the process of online rectification of incorrect TDS details filed in the Income Tax Return.

Earlier taxpayers were required to fill in complete details of the entire TDS schedule while applying for rectification on the e-filing portal of the Income-tax Department ( Errors due to incomplete TDS details in rectification applications were leading to delays in processing of such applications thereby causing hardship to the taxpayers. To avoid this inconvenience, a new facility has been provided for pre-filling of TDS schedule while submitting online rectification request on the e-filing portal to facilitate easy correction or up-dating of TDS details. This is expected to considerably ease the burden of compliance on the taxpayers seeking rectification due to TDS mismatch.-Press Release, dated: 10-12-2015.