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I-T Department to ‘clean up’ TDS database to speed up refunds

The department claims that the problem has arisen either due to wrong Permanent Account Number provided by assessees while paying tax or wrong PAN mentioned by the deductor while deducting TDS

Admitting that many income tax (I-T) refunds were still pending, the I-T Department on Tuesday decided to "clean up the mismatched TDS database" due to which the refunds were held up, reports PTI.

An I-T Department release said, "The Income Tax Department has taken the initiative to clean up the mismatched TDS database. Many refunds are pending with the I-T Department due to the mismatch of tax paid by the assessee, but the same is not being reflected in the computer software of the department."

The release said that the department is concerned about the same as the problem has risen either due to wrong Permanent Account Number (PAN) mentioned by assesses while paying tax or wrong PAN mentioned by the deductor while deducting the TDS of the deductee.

I-T Department officials have also commenced on the process of holding discussions with various bodies, including the I-T Advocates' Association and Industries Association, so that the issue of mismatched TDS data could be resolved.

"The adverse consequences of incorrect quoting of PAN are faced primarily by the deductee and, therefore, it is also his duty to provide correct PAN to the deductor and ensure that the same is mentioned during deduction of taxes," the release said.

The department has also decided to generate a list of persons in the next fortnight to identify persons whose refunds could not be issued due to the mismatch of TDS, so affected persons could take remedial action to resolve the issue.

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COMMENTS

stsompura

6 years ago

the actual problem regarding tds is the deducter like sbi bank, post offices & many others who deducts the tds budt does not feed the same in the PAN no of the persons from whom they have deducted the tax & hence it is very difficult to get refund from income tax authorities .authorities must provide the training & software to the deductors the post offices & banks are on national levels & if they donot act properly then they must be punished for not obeying the rules of lawplease find the remedies for the same

Bhadresh Shah

6 years ago

I would like to state that because of the goof up by IT dept, I have been issued a demand notice instead of receiving a refund along with interest for AY 2008-09.
Please advice what should i do?

Anant Kumar Mundhra

6 years ago

I am looking forward for the report form IT Department. My TDS amounting in five digits is not yet refunded from many years.

MOneyLife Team pls help in getting this report.

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