To create awareness about TDS (tax deduction from source) and TCS (tax collection from source), Income Tax department hosted a workshop on Thursdayduring which the IT department officials made presentation about the tax cut and tax collection system.
They also explained in details about the tax deduction slabs and how things are calculated. They warned the tax payers against presenting wrong PAN/TAN numbers and wrong information about the financial year and assessment year, saying that it might land them in difficulty.
Additional commissioner Shumna Sen said that maximum cases of tax being evaded this way or the other come from the contractors, schools and private firms. He asked the DDO/ head of department to take tax deduction seriously and to impose penalty and lodge FIRs on cases of non deduction, short deduction and late deduction.
He said that the maximum penalty is imposed under late deduction head. This entails imprisonment between three months to seven years.
He said the maximum defaulters are from the education department, saying that the DDOs must be serious regarding the IT notice. He also said that if any department wants to understand the technicalities of TDS IT department officials will make presentation on it to make things clear.
He stressed that it is the responsibility of the DDOs to deposit the tax deducted amount into the government account on time after deducting from the employees. “You must see to it you’re your employees file returns so as to escape from unnecessary deduction,” he said.
The workshop was attended by conservator forest S Jairaj, deputy commissioner IT Rajesh Kumar, chief treasurer cyber treasury Neetu Choudhary, IT officer TS Panchpal and other departments HoDs and officers of education and IT department.