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TDS - headache

shrikant , Last updated: 22 November 2010  
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All my friend & colleagues as you know that we are leaving in Information technology era. The all things are online now, online buying, online tax payment, online tax credit check etc.

 

But this technology also creates procedural problems for us.

 

The big problem is TDS returns, in 08-09 & before the NSDL accept the returns if minimum PAN No. was 75%, and this was the same case in 09-10 but percentage change is to 90% but from 10-11 onwards 100% PAN no. is compulsory.

 

The first problem is to how to get 100% PAN if the party who’s TDS are made do not have PAN no. and before return filling he have not allotted the PAN No.

 

The second problem is that the revision of old return (09-10 and prior years return), the AO sends notice to tax payers for revision of old return due to non availability PAN no. in old returns. The said notices also gives time lines for revision in returns.

 

The third problem is that income tax department changed FVU version for every year & also NSDL not accept the revise return in old FVU format, they require the FVU as per the new version. This is the big problem to migrate the data into the new FVU format. The helpline of NSDL suggest to reenter all the details, which will be additional burdon on the tax payers as it requires time & skill labour.

 

My opinion from this entire scenario is that the government needs revenue, but shifts the procedural part to tax payer. This causing extra expenditure burdens on tax payers against this the income tax department not able to give proper technical support to the tax payer.

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shrikant
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Category Taxpayers   Report

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