CPC (TDS) is committed to contribute effectively in the nation building process through efficient tax administration and improved voluntary compliance. This is intended to be achieved by an enabling policy environment and augmenting the revenue mobilization apparatus under the law, while maintaining taxpayer confidence in the system. To achieve the objectives, we have setup processes which have facilitated a paradigm shift in managing TDS collections, along with deep orientation towards our end users.

CPC take pride in your valued partnership, which has helped in numerous ways to assist “TRACES” grow in a very short span of time. Following are some statistics that represent the volume of our success:

  • Total Deductors Registered – 9.2 Lakhs
  • Original Statements processed for 26AS – 69.14 Lakhs (99.2% completion)
  • Correction Statements processed for 26AS – 22.51 Lakhs (96% completion)
  • Total Download requests (as of December 24, 2013) –
  • Form 16/ 16A files (which include certificates within): 34.56 Lakhs
    • Conso files: 23.85 Lakhs
    • Justification Reports: 11.55 Lakhs
  • 26AS Online views – 22 Crores

We have traversed a significant journey, albeit, there are many miles to go and the essence of your partnership can never be overemphasized. Your support is solicited in achieving our objectives by way of following:

  • Deduction/ Collection of Tax at correct rates
  • Timely Deposit of Tax Deducted at Source
  • Accurate Reporting of data related to tax deductions/ collections made
  • Submission of TDS Statements within the due dates
  • Verification and Issuance of TDS Certificates within time

Your above actions not only avoid generation of Defaults, but have a far-reaching effect in building a robust compliance environment and touches the lives of all the citizens of our country in multiple ways. Let us, therefore, commit ourselves to build a “Default Free” environment in the New Year in our endeavor to improve the tax regime in national interest.

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Category : Income Tax (20258)
Type : Articles (9103)
Tags : section 195 (126) TDS (743) Withholding tax (48)

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