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Tuesday, November 26, 2013

TDS Refund will delay for 2013-14


Income tax department will delay payment of TDS for assessment year 2013-14.According to sources govt will delay large crunch of refund to taxpayers as govt wants to show less deficit.Govt thinks if return will be given on time then Govt have less funds,therefore rating agencies will get chance to downgrade the rating of Indian Economy.Downgrading of economy will effect FII Investment.whereas experts wants govt to pay interest with of return with the same rate it charge from Taxpayers.Lets see it will increase interest rate on refund or not.

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