Collector Shri P.S.Elma issued a letter to all of the drawing and disbursing officers posted within the district and directed them to clear doubts by organizing a one-day workshop on TDS in coordination with the Income Tax Department and the District Treasury. In pursuance of the above directions, a workshop was organized on November 11 within the District Panchayat assembly corridor from 3 pm, by which the Withdrawal Disbursement Officers (DDOs) posted in all authorities places of work got detailed info concerning discount within the supply of earnings. Went.
In the workshop, Income Tax Officer Mr. Sunil Kumar informed that on whom is the duty of deduction of supply or the duty of assortment on any fee within the authorities workplace and the supply and prescribed time restrict concerning assortment (deduction), deposit and declaration of tax. Information was additionally given within the workshop, together with it, it was additionally informed that how the burden of tax legal responsibility falls on the DDO attributable to violation of the prescribed time restrict at any degree. In the identical sequence, different exemptions corresponding to House Rent Allowance, Relief beneath Section 89 of Income Tax, included within the earnings return of the federal government servant, had been additionally mentioned. Apart from this, Section 194 of the Income Tax Act has been defined as to how TDS deduction is to be decided whereas making lump sum funds to contractors, lease, plant equipment, skilled or technical providers.
The Income Tax Officer additionally defined intimately in regards to the on-line module “Traces” of the Income Tax Department, corresponding to how a DDO can login to it and get full info concerning the earnings tax of his workplace, on this on the “TEN” of the workplace, if the If the demand of the division is pending, its particulars will also be noticed year-wise and such demand is the non-public duty of the DDO, for non-payment of which provision of penalty in varied sections of Income Tax was defined.
Senior Treasury Officer Mr. RK Sahu informed that many authorities servants tend to pay earnings tax within the final month of the monetary yr, which isn’t acceptable based on the provisions of earnings tax and in consequence, earnings tax has to pay curiosity even after the quantity of tax payable. Penalty will get imposed. Apart from this, all authorities servants had been knowledgeable in regards to the necessity of submitting returns on this event. In the closing session of the workshop, a reside demo was given by logging on to the Traces portal and an try was made by the Income Tax Officer and his staff current within the workshop to clear the doubts of the current DDOs.
Like this:
Like Loading…
Continue Reading