Briefly explain the Rights of Tax Payer ?

1.	Briefly explain the Rights of Tax Payer ?
Answer» 1. Credit of TDS : The person from whose income (payment) the tax has been deducted i.e. Payee or assessee shall not be asked upon to pay the tax himself to the extent tax has been deducted (Sec.205). Such tax deducted at source shall be treated as payment of tax on behalf of the payee (assessee). 2. TDS Certificate : U/s 203 payee (tax payer) is entitled to obtain a certificate from the payer (tax deductor) in Form 16-A specifying the amount of tax deducted and other prescribed particulars. 3. Form 26 AS : As per section 203AA the prescribed income tax authority or the person authorized by such authority will be required to deliver to the person from whose income the tax has been deducted/ paid, a statement of deduction of tax in the prescribed form (Form no.26AS) by the 31st July following the financial year during which the taxes were deducted/ paid

Answer»

1. Credit of TDS :

The person from whose income (payment) the tax has been deducted i.e. Payee or assessee shall not be asked upon to pay the tax himself to the extent tax has been deducted (Sec.205). Such tax deducted at source shall be treated as payment of tax on behalf of the payee (assessee).

2. TDS Certificate :

U/s 203 payee (tax payer) is entitled to obtain a certificate from the payer (tax deductor) in Form 16-A specifying the amount of tax deducted and other prescribed particulars.

3. Form 26 AS :

As per section 203AA the prescribed income tax authority or the person authorized by such authority will be required to deliver to the person from whose income the tax has been deducted/ paid, a statement of deduction of tax in the prescribed form (Form no.26AS) by the 31st July following the financial year during which the taxes were deducted/ paid

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