Credit for TDS - Is it no more tedious?
SEKAR, G
Credit for TDS - Is it no more tedious? - 2013 - 66-71
The computerisation of processing of returns was brought into effect by the Finance Act, 2008 w.e.f. 1st April 2008. The scheme was brought in with a view to correct any arithmetical error in the return and any incorrect claim apparent from the return. Five years down the line, every practicing Chartered Accountant and to a large extent Income Tax Assessees, would by now have been accustomed to receiving the intimation u/s 143(1) from the Central Processing Centre (CPC), Bengaluru, showing the demnd/refund for the relevant Assessment Year and in ase of refunds the adjustment of earlier year demand against the said refund u/s 245.
TAXATION
336.2
Credit for TDS - Is it no more tedious? - 2013 - 66-71
The computerisation of processing of returns was brought into effect by the Finance Act, 2008 w.e.f. 1st April 2008. The scheme was brought in with a view to correct any arithmetical error in the return and any incorrect claim apparent from the return. Five years down the line, every practicing Chartered Accountant and to a large extent Income Tax Assessees, would by now have been accustomed to receiving the intimation u/s 143(1) from the Central Processing Centre (CPC), Bengaluru, showing the demnd/refund for the relevant Assessment Year and in ase of refunds the adjustment of earlier year demand against the said refund u/s 245.
TAXATION
336.2