Penal action against companies For Tds errors

Posted: 30 May 2011 06:55 PM PDT

The income tax (I-T) department is planning to take penal action against organisations which do not file TDS (tax deducted at source) returns of their employees on time or make inaccurate entries in the TDS certificates. The department also said that names of such firms would be made public. Currently, there are a large number of tax payers who don't receive credit for the taxes deducted from...

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