Income tax department decides to clean up the mess of unpaid refunds to taxpayers

Admitting that many Income Tax refunds were still pending, the I-T Department decided to “clean up the mismatched TDS database” due to which the refunds were held up. An I-T Department release said, “The Income Tax Department has taken the initiative to clean up the mismatched TDS data base. Many refunds are pending with the IT Department due to the mismatch of tax paid by the assessee, but the same is not being reflected in the computer software of the department.”

The release said that the department is concerned about the same as the problem has risen either due to wrong PAN numbers mentioned by assesses while paying tax or wrong PAN number mentioned by the deductor while deducting the TDS of the deductee.

Source: Press trust of India