"ETDS RETURN PROCESSING SMALL ITEMS TO BE IGNORED” plus 1 more

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ETDS RETURN PROCESSING SMALL ITEMS TO BE IGNORED Posted: 14 Dec 2010 07:27 AM PST Notices to many deductors has been issued by income tax department to deposit amount up to 100 RS ,for short deduction of tds ,after processing of etds return .In many cases theses small amount remains short deducted by  assessee due to rounding off and item wise amount is less than Rs 10 .Issuing and compliance cost to such notices is very high ,so income tax department has decided to round... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

TDS MATCHING UP TO 4 LAKH NOT REQUIRED FOR AY 2009-10 RETURN PROCESSING Posted: 14 Dec 2010 06:49 AM PST Section 143 of the Income-tax Act, 1961 - Assessment - General - Clarification regarding processing of ITR-1 and ITR-2 returns - Credit for tax deducted at source for A.Y. 2009-10 Good News for persons who are waiting for ther income tax refunds for the assessment year 2009-10.Income tax department has issued a instruction to all assessing officer to spped up the processing of the return... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

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