TDS: Tech & Taxes: I-T lens on mismatch in TDS and claims :

TDS: Tech & Taxes: I-T lens on mismatch in TDS and claims

The Income Tax (I-T) department is using a fine-tooth comb to nab discrepancies in the tax deducted at source, or TDS, by companies and the declarations by its employees in the annual I-T returns. What's underway is a line-wise reconciliation of the two sets of numbers under different heads - house rent allowance, medical insurance, outgo on home loans, tax saving investments under 80c etc.

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