Summary:
Tax payers and tax practitioners raised issues related to tax refunds and Tax Deduction at Source (TDS) with the Income-Tax Department during an Open House organised by Gujarat Chamber of Commerce and Industry (GCCI) in Ahmedabad on Wednesday. Tax practitioners, while talking about the TDS, complained that tax payers are caught between the department, which generates a tax demand and the Central Processing Centre (CPC), which disburses the refund. Tax payers will be able to approach the Single Window Clearance Cell by filing an application. It will also come out with a Standard Operating Procedure (SOP) for the department to clear claims of assets seized. Tax payers will get their refunds and the department will be able to dispose many of its pending issues," said Mukesh Patel, an Ahmedabad-based expert, while talking about direct taxes..