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Ahead of the second instalment of advance tax, the revenue department is scrutinising entities that have registered negative growth in their tax deducted at source (TDS) payments, even when they reported healthy advance tax payments.
According to sources, taxmen have observed a mismatch in TDS payments from at least 60-65 small to mid-sized companies.
Officials said it is unusual for TDS to not increase, given the improved turnover and profits - if higher advance tax payments are any indication.
“Somewhere the TDS mechanism itself is being compromised. This needs to be thoroughly examined," observed an official. “We
According to sources, taxmen have observed a mismatch in TDS payments from at least 60-65 small to mid-sized companies.
Officials said it is unusual for TDS to not increase, given the improved turnover and profits - if higher advance tax payments are any indication.
“Somewhere the TDS mechanism itself is being compromised. This needs to be thoroughly examined," observed an official. “We
