How does the department find out that someone had deducted tax (tds) on right invoice date or right payment date.?
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Quick Summary
This discussion explores how the tax department identifies whether Tax Deducted at Source (TDS) has been correctly deducted on the invoice or payment date. Currently, there's no automated system, meaning tax officers typically uncover discrepancies during surveys or assessments. The thread also touches upon how interest is levied for late TDS deductions.