Income Tax Dept. has directed tax officers to ignore the mismatch between the TDS Credit reflected in the document’s system, if the difference does not exceed Rs. 5,000 /-
In such a circumstances, the TDS claim of the taxpayer has to be accepted without verification, according to the circular.
The significance of this circular is that the department cannot withhold the refunds, merely on the gound of discrepancy in the TDS claim in the return filed by the taxpayer and the TDS credit reflected on the department’s system, if the difference is less than Rs. 5,000 /- |
