Fixation of percentage for verification of TDS certificates. - Income Tax - Instruction No. 11/2002

INSTRUCTION NO. 11/2002 Dated: October 10, 2002 Sub: Fixation of percentage for verification of T.D.S. certificates amendments in Instruction No. 1797 dt. 19.9.1988 and Instruction No. 1856 dt. 14.9.90 -- reg. I am directed to slate that vice Instruction No. 1797 dt. 19.9.1988 and Instruction No. 1856 dt. 14.9.90, the Board had issued instructions that (in small percentage of the T.D.S. certificates presented to the Assessing Officer concerned should be verified by him with reference to the records of the I.T.O.(T.D.S.) concerned before giving credit for such tax deducted at source. The percentage of certificates to be subjected to such cross verification was left to the discretion of the respective Chief Commissioners. 2. The matter has been re-considered by the Board and it has been decided that no fixed percentage may be prescribed by the Chief Commissioners for cross-verification of the T.D.S. certificates. The Assessing Officer may verify T.D.S. certificates wherever the quantum of the tax deducted or the credibility of the deductor or deductee assessee or the circumstances of the case warrant such cross-verification. Instruction No. 1797 and Instruction No. 1856 shall stand modified to this extent only. 3. The contents of this Instruction may be brought to the notice of all officers working under you. F.No: 275/57/2002-ITB (ANAND JHA) Deputy Secretary(Budget)