Relyonsoft.com
Tax Software  
customerlogin Customer Login | userlogin Visitor Login | buyonline Buy Online
Processing of returns of Assessment Year 2009-10

 

Date: July 23, 2010

The issue of processing of returns for Asst. year 2009-10 and giving credit for TDS has been considered by the Board. On the same, board has issued instruction No. 5/2010 [F.No.225/25/2010-ITA-II], dated 21-7-2010. In order to clear the backlog of returns, the following decisions have been taken:

  • In all the returns filed in ITR-1 and ITR-2, for the Asst. Year 2009-10, where the aggregate TDS claim does not exceed Rs. Three lakh (3 lacs) and where the refund computed does not exceed Rs. 25,000; the TDS claim of the tax payer shall be accepted at the time of processing of the return.
  • In all the returns filed in forms other than ITR-1 and ITR -2, for the Asst. Year 2009-10, where the aggregate TDS claim does not exceed Rs. Three lakh (3 lacs) and the refund computed does not exceed Rs. 25,000 and there is 10% matching of TDS amount claimed, the TDS claim shall be accepted at the time of processing of the return.
  • In all remaining cases, TDS credit shall be given after due verification.

<<Back to Articles Main Page

Chat with us
 
 
Tax, Payroll and Accounting Software
© 2012-2013 Relyon Softech Ltd. All rights reserved