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CBDT Directs Officers to Identify Top 30 TDS Shortfall Cases by 30th June

Last updated: 10 April 2024

In a recent directive from the Central Board of Direct Taxes (CBDT), income tax officers have been mandated to scrutinize the top 30 cases of short payment concerning tax deducted at source (TDS). Additionally, they are tasked with resolving at least 150 appeals by the Commissioner of Income Tax before June 30 of this fiscal year.

This initiative forms a crucial part of the interim action plan outlined by the CBDT for the fiscal year 2024-25, which delineates priority areas for field formations.

CBDT Directs Officers to Identify Top 30 TDS Shortfall Cases by 30th June

"Apart from addressing statutory limitation matters, our focus lies on achieving the Key Result Areas within specified timelines," stated a recent communication from the CBDT to its officials.

The CBDT traditionally releases an interim action plan at the commencement of each financial year, refining it as necessary before finalizing a comprehensive plan later in the year.

Furthermore, the CBDT has underscored the necessity of conducting seminars and awareness campaigns regarding TDS. Over the years, TDS has emerged as a significant revenue stream for the government, soaring from Rs 2.13 lakh crore in FY 13 to a staggering Rs 8.17 lakh crore in FY23.

In its interim plan for the ongoing fiscal year, the CBDT has also urged the prompt approval of all pending refunds withheld under Section 241(A), following completion of scrutiny assessments and requisite orders, either immediately or by April 30 of this year.

Moreover, the directive mandates the timely sharing of all information requested by enforcement agencies such as the CBI, SEBI, and Enforcement Directorate. Information sought before March 31, 2024, should be shared by month-end, while requests received after April 1 necessitate a response within 15 days.

Field officers are further instructed to identify cases where seized assets are due for release under Section 132B and facilitate their release by June 30 of this year.

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