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TDS by book adjustment by Govt deductors in the era of e-TDS:

Ramakrishna (Financial Executive) (438 Points)

17 October 2007

Dear friends, Is it the system of book adjustment of TDS by Government deductors is trouble free. Will it be possible for their deductees to claim their TDS amounts without any hitch from the IT department. I have been told that some recent changes have been brought by the IT dept in the system of book adjustment. Would you mind enlighten me with the relevant circulars/notifications/news on this topic?

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4 Replies

(Guest)

know tds rule and regulation

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Late CA Sampat Jain (Chartered Accountant) (4772 Points)
Replied 18 October 2007

If some department is making TDS by book adjustment , and not furnishing TDS returns giving details of deductee , its PAN no , and amount , then as per new computer system deductee may not credit for TDS . However , he can move petition u/s 154 for allowing credit of TDS , because the fact remains that Tax was deducted at source from him.

(Guest)

kindly tell me latest trend of tds in case of salary of Director

amit (student) (42 Points)
Replied 13 December 2008

Originally posted by :Ramakrishna
"	Dear friends, Is it the system of book adjustment of TDS by Government deductors is trouble free. Will it be possible for their deductees to claim their TDS amounts without any hitch from the IT department. I have been told that some recent changes have been brought by the IT dept in the system of book adjustment. Would you mind enlighten me with the relevant circulars/notifications/news on this topic?	"