DO's & DON'T INCOME TAX RETURN PROCESSING AT CPC

On Friday, August 3, 2012 | 5:48 AM

CPC has outlined Steps for smooth processing of Your Income Tax return. If you follow these rules there will be no problem in getting your refund in time and you will not get unnecessary demands due to incorrect processing of returns . 

Do’s & Dont’s

  1. File the return on time – belated returns prevent filing of revised returns, if needed
  2. Pls use duly authorised software to file returns
  3. Fill all relevant details, however trivial it is believed to be, particularly email address, mobile nos (mandatory now), etc which facilitate communication
  4. Pls check for ITR Vs status – over 20 lakhs remain pending over (6 lakhs overdue)
    • Acknowledgement sent by CPC
    • Call Centre
    • E filing website
    • Pls review and send all pending ITR Vs for AY11-12 
  5. Arrear Demand
    • if arrear is from return processed by CPC, file for rectification
    • If arrear is generated by AO, pls meet the concerned person for resolution 
  6. Tax Mismatch 
    • CPC alive to challenges; 
    • However pls check 26AS
    • CPC will rectify suo motu wherever data flow issues are identified; 
    • However if TDS return in filed by deductor post processing, pls E-file for rectification
  7. Pls file TAN No. of deductor, amount, date, challan type etc correctly  
  8. Refund Reissue 
    • Pls send cancelled cheque for all bank account changes; For all other changes, on line request may be used

0 comments:

Post a Comment