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of <h1>CBDT Clarifies TDS Credit Rules: Taxpayers Protected from Demands if Deductors Fail to Deposit TDS.</h1> The Central Board of Direct Taxes (CBDT) has addressed grievances from taxpayers regarding the non-deposit of Tax Deducted at Source (TDS) by deductors. While Section 199 of the Income-tax Act, 1961, stipulates that TDS credit is given only when it is deposited with the Central Government, Section 205 prevents direct tax demands on taxpayers if the tax has been deducted but not deposited. Assessing officers are instructed to ensure taxpayers are not inconvenienced due to the deductor's failure to deposit the TDS, and demands related to tax credit mismatches should not be enforced coercively.
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