Specified provisions of Income Tax Act which shall apply to Centralised Processing of Returns Scheme, 2011

0 comments Saturday, January 7, 2012

Section 143 of the Income-tax Act, 1961 – Assessment – General – Specified provisions of the Act which shall apply to Centralised Processing of Returns Scheme, 2011

Notification No. 3/2012 [F. No. 142/27/2011-SO (TPL)], dated 4-1-2012

In exercise of powers conferred by sub-section (1B) of section 143 of Income Tax Act, 1961 (43 of 1961), for the purpose of giving effect to the Centralised Processing of Returns Scheme, 2011 made under sub-section (IA) of section 143 of the said Act, the Central Government hereby directs that, the following provisions of the Act relating to processing of returns shall not apply or shall apply with such exceptions, modifications and adaptations as specified hereunder, namely: -
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CBDT notifies Centralised Processing of returns scheme 2011

CBDT has notified Centralised Processing of Returns Scheme, 2011, wherein the various terms and conditions relating to the Centralised processing of returns have been prescribed. 

Centralised processing of returns is being going on in CPCs for some years now, but the scheme for such centralised processing has been finally made now, which answers a lot of questions regarding processing of efiled returns, which many people had in their minds unanswered.
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