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September 2010

Processing of returns of A.Y. 2009-10 — Steps to clear backlog —Instruction No. 7/2010 dated 16-8-2010.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Tarun Ghia, Brijesh Cholera, Pratik Mehta | Chartered Accountants
Sejal Vasa | Company Secretary
Reading Time 1 mins
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part A : direct taxes


 

100 Processing of returns of
A.Y. 2009-10 — Steps to clear backlog —Instruction No. 7/2010 dated 16-8-2010.

In supersession and
modification of Instruction No. 5/2010 dated 21-7-2010, CBDT has taken the
following decisions :

(i) 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 provided that the TDS payment reported in
AS-26 is more than Rs. Zero.

(ii) 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 at least 10% matching of TDS
amount claimed, the TDS claim shall be accepted at the time of processing of
the return.

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

F. No.225/25/2010-ITA.II (Ajay
Goyal)
Director (ITA.II)

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