You are here: Home » Economy & Policy » News
Ensure fares on metasearch not higher than ticket prices on websites: DGCA
Recovery tracker: Power generation up to 3-week high, mobility spikes
Business Standard

Cracking the whip: TDS defaults by state PSUs, banks come under I-T lens

Tax dept plans to conduct over 500 survey operations to ensure compliance

Topics
TDS | TDS on payments | TDS default

Shrimi Choudhary  |  New Delhi 



TDS
The total TDS collection in FY21 stood at Rs 3.50 trillion (excluding TDS related to international transactions)

The Centre has asked the tax department to plug revenue leakage resulting from large-scale defaults in payment of (tax deduction at source), particularly by state government entities and banks. To ensure compliance, it has directed the authorities to take strict action like conducting survey operations.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Tue, August 10 2021. 06:00 IST

RECOMMENDED FOR YOU

.