WB TDS Collection Decreases

Kolkata: West Bengal''s share of TDS in its overall tax collection was under the national average because of lack of awareness and lethargy among the tax deductors. Last year, TDS contributed Rs 2281 crore to West Bengal''s overall tax collection of Rs 9808 crore. The state''s TDS share was 23.25 per cent, as compared to the national average of 27 per cent. The biggest defaulters were the government, as officers were uninformed of the latest TDS norms and not very inclined to learn them. Of late, the income-tax department had embark upon an initiative for modernisation of the current system of collection, processing, monitoring and accounting of direct taxes using technology. The electronic filing of TDS return has been made compulsory for all the tax deductors. In the light of these changes, a deductor has a greater responsibility as those having the tax sum deducted could not get the credit of tax paid owing to mistakes on the part of the deductor.