Stricter norms to make TDS evasion difficult on agenda

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Recommendations made by the RV Easwar panel is likely to make evasion of tax deduction at source (TDS) by companies even more difficult.

The 10-member committee is also likely look at the discretionary powers of tax officials for high value cases, suggesting assessment by a group of officers in these, instead of a single one, Business Standard reports .

“In discussions with revenue officials, it has emerged they are very sympathetic to the grievances of a taxpayers. A strong view also came out that there is a need for stringent deterrent provisions against evasion of TDS by employers,” a source told BS.