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April 2010

CBDT Instruction No. 1/2010, dated 25-2-2010 — Processing of returns of A.Y. 2008-09 — Steps to clear the backlog.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Tarun Ghia, Brijesh Cholera, Pratik Mehta | Chartered Accountants
Sejal Vasa | Company Secretary
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3 CBDT
Instruction No. 1/2010, dated 25-2-2010 — Processing of returns of A.Y. 2008-09
— Steps to clear the backlog.


The issue of processing of
I.T. returns for the A.Y. 2008-09 and giving credit for TDS has recently been
considered by the Board and the following decisions have been taken in order to
clear the backlog of returns pending for processing :


(i) In all the returns
filed in ITR-1 and ITR-2 for the A.Y. 2008-09, where the aggregate TDS claim
does not exceed Rs.4 lakh and where the refund computed does not exceed
Rs.25,000, the TDS claim of the taxpayer concerned should be accepted at the
time of processing of the return.

(ii) In all the returns
filed in forms other than ITR-1 and ITR-2 for the A.Y. 2008-09, where the
aggregate TDS claim does not exceed Rs.4 lakh and the refund computed does
not exceed Rs.25,000, and there is 70% matching of TDS amount claimed, the
TDS claim of the tax-payer concerned should be accepted at the time of
processing of the return.

(iii) In all remaining
cases, TDS credit shall be given after due verification.



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