.shareit

Home // News/Views

TDS Survey: Indian Tax Authorities to unearth non-compliances of Withholding Tax provisions

BY admin

Share It

Given the year end budgetary and tax collection pressure, the Indian Tax Authorities have been taking aggressive measures to identify non-compliances and collect taxes to meet their budgetary targets. TDS survey is one of the approach which is adopted by the Indian Tax Authorities to unearth default/ non-compliances in the areas of Withholding Taxes. As was done in the last year, this year again the Indian Tax Authorities have aggressively started survey proceedings. These survey proceedings are very detailed one and are painful as well. The Companies which are surveyed need to cooperate with the Indian Tax Authorities but at the same time needs to adopt the cautious approach. Defaults or non-compliances of the Withholding Tax provisions attract severe penalties and adverse tax consequences.

Share It

Tags : News/Views