Tax Deduction at Source compliance review ordered to assess and rectify non deduction and delayed remittance of interest TDS.

The Board directed an immediate, charge wise review to ascertain the extent of non-deduction, short deduction and delayed remittance of tax at source on interest; the review must assess monitoring and enforcement arrangements, identify omissions and remedial actions taken, propose improvements to ensure proper TDS implementation, and report results to the Board by the prescribed deadline.

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