CPC-TDS big boon to taxpayer, govt: Chidambaram

Union Finance Minister P. Chidambaram, who launched the Centralized Processing Cell for Tax Deducted at Source (CPC-TDS) in Ghaziabad on Saturday, said that the system would be a big boon to the taxpayer and the government. The CPC-TDS, situated at Aayakar Bhawan, Sector-3, Vaishali, Ghaziabad, will provide the tax deductors, taxpayers and the Assessing Officers, a wide range of online services related to TDS through a functionality designated TDS Reconciliation, Analysis and Correction Enabling System (TRACES).