Saturday, 20 April 2013

Delhi HC comes to rescue of taxpayers denied TDS credit

MUMBAI: The Delhi high court has instructed tax authorities not to adjust refunds due against past outstanding demands under any circumstances without informing the taxpayers.

Other key directives issued by the HC include that interest on refund should be paid to taxpayers for delays not attributable to them. Another related issue was also addressed by the HC. At times taxpayers are denied TDS credit because of a mismatch between the TDS claimed by them in their returns and that uploaded by the tax deductor.

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