Subscribe to the Bombay Chartered Accountant Journal Subscribe Now!

February 2012

Central Processing of Returns Scheme, 2011 and related amendments/clarifications in relevant sections of the Act — Notification No. 2/2012 and Notification No. 3/2012, dated 4-1-2012.

By Pinky Shah, Sonalee Godbole
Chartered Accountants
Reading Time 1 mins
fiogf49gjkf0d
The CBDT has notified the aforementioned scheme which lays down the procedure for E-filing of the returns of income either digitally signed or not, filing of ITR V in the latter case, receipt and acknowledgement of such returns, procedure for filing revised return of income, cases wherein the returns would be considered invalid or defective and the remedy thereof, processing of the returns filed and rectification procedure for the same, adjustment of refund against the arrears of demand outstanding as per the records of the CPC, service of notice or communication, appellate proceedings, etc.
Download PDF

You May Also Like

Guidelines for Notification of affordable housing project u/s.35AD — Notification No. 1/2012, dated 2-1-2012.

DTAA between India and Georgia notified — Notification 4/2012, dated 6-1-2012.