SECTION 143 OF THE INCOME-TAX ACT, 1961 – ASSESSMENT – GENERAL – PROCESSING OF RETURNS OF A.Y. 2010-11 – STEPS TO CLEAR BACKLOG
INSTRUCTION NO. 02/2011 [F.NO.225/25/2010/ITA-II], DATED 9-2-2011
The issue of processing of returns for Asst. year 2010-11 and giving credit for TDS has been considered by the Board. In order to clear the backlog of returns, the following decisions have been taken:
(i) | In all returns (ITR-1 to ITR-6), where the difference between the TDS claim and matching TDS amount reported in AS-26 data does not exceed Rs. 1 lac, the TDS claim may be accepted without verification. | |
(ii) | Where there is zero TDS matching, TDS credit shall be allowed only after due verification. However, in case of returns of ITR-1 and ITR-2, credit may be allowed in full, even if there is zero matching, if the total TDS claimed isRs. five thousand or lower. | |
(iii) | Where there are TDS claims with invalid TAN, TDS credit for such claims is not to be allowed. | |
(iv) | In all other cases TDS credit shall be allowed after due verification |