Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: empanelment :: form 3cd :: VAT Audit :: ACCOUNTING STANDARD :: VAT RATES :: Central Excise rule to resale the machines to a new company :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: TDS :: ACCOUNTING STANDARDS :: cpt :: due date for vat payment :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« Indirect Tax »
 Indirect tax receipts to see small, brief hit’
 There is no tax on interest income of up to Rs3 lakh a year for senior citizens
 Chidambaram favours change in direct tax rates
  Further rationalization of revised simplified procedure for fixation of brand rates
 Kerala to accept demonetised banknotes for payment of state tax till Nov 24
 Centre-state gridlock over GST jurisdiction remains, could threaten tax rollout
 India to levy tax on investments from Cyprus from April 2017
 Why tax radar may detect your cash deposits after Nov 8
 Income tax notices to religious, charitable trusts
 ICAI starts course on accounting technicians
 More trouble ahead as Tata Trusts get I-T summons for tax avoidance

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 2016 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