Refunds 2011-12-TDS credit to be allowed if mismatching in TDS doesnot exceed Rs. one lac

0 comments Saturday, February 4, 2012

Section 143 of the Income-tax Act, 1961 –Assessment – General – Processing of returns of assessment year 2011-12 – Steps to clear backlog
Instruction No. 01/2012 [F.NO.225/34/2011-ITA.II], dated 2-2-2012
The issue of processing of returns for the Asst. Year 2011-12 and giving credit for TDS has been considered by the Board. In order to clear backlog of returns, the following decisions have been taken:
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