sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« Indirect Tax »
 CBDT notifies new I-T return forms
 Here are the key changes in tax rules to come into effect from today
 GST revenue growth in 2018-19 to match last 10 years’ indirect tax growth, says SBI report
 Things You Should Know Before Filing Your Income Tax Returns (ITR)
 All education loans do not get income tax benefits
 FM Arun Jaitley to focus on direct and indirect taxes
 Income Tax For Individuals – Assessment Year 2019–20
 States set separate dates to implement e-way bill
 What are direct and indirect taxes?
 Indirect transfer conundrum continues
 We expect significant changes in income tax slabs, say taxpayers

ACTION TO BE TAKEN ON E-FILED ITRs OF A.Y. 2012-13 PENDING FOR PROCESSING AT CPC HAVING REFUND GREATER THAN
February, 27th 2013

ACTION TO BE TAKEN ON E-FILED ITRs OF A.Y. 2012-13 PENDING FOR PROCESSING AT CPC HAVING REFUND GREATER THAN OR EQUAL TO RS. 10 LAKHS

LETTER [F.NO.DIT(S)-III/CPC/2012-13/DEMAND MANAGEMENT], DATED 30-1-2013

Kind attention is drawn to the above mentioned subject. For the A.Y. 2012-13 e-filed returns cases till 22nd Jan. 2013, where refund is likely to be > = Rs. 10 lakhs are 28,444 in number, which are currently pending for processing at CPC. These ITRs are categorized as under :

(a)  Cases where there are refunds likely to be > = Rs. 10 Lakhs.

(b)  Cases where there are likely refunds > = Rs. 10 Lakhs as well as demands have been uploaded as per CPC-FAS.

2. The above data can be accessed on i-Taxnet on the following path :

RESOURCES → DOWNLOADS → DIT_SYSTEMS →REFUND_ERETURN_PROCESSING_CPC_A.Y. 2012_13

3. The Assessing Officers are required to take action as under :

  ♦  for the cases falling at (a) above, i.e. where there is refund without demand as per the CPC-FAS, to kindly get it checked whether any demand remains outstanding in those cases. If yes, the AOs may upload these demands on CPC-FAS.

  ♦  Regarding cases at (b) above, i.e. where there is refund with demand, they may reconfirm or update the demands, so that during processing refunds can be adjusted with updated demands outstanding as per CPC-FAS.

4. Each CCIT may, therefore, monitor the above action to be taken by the AOs and certify within a period of 21 days. A compliance report may also be sent to respective Zonal Members, CBDT with a copy to CIT(CPC), Bangaluru, at his e-mail id cit.cpc.bangalore@incometaxindia.gov.in and DIT(S)-III on e-mail id dmc.dits@gmail.com. In case no response is received, the e-returns shall be processed at CPC, Bangaluru.

 

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Portal Design Website Design Portal Designing Website Designing Web Design Professional Portal Design Professional Website Design Professional Web Design Portal Design India Website Design India Portal Designing India Website Designing India Web Design India Professional Portal Design India Professional Website Design India Chicago Professional Web Design New York Professional Web Design California Website Design Florida Website Design New Jersey Website Design Britain UK Website Design London Manchester Website Design

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions