• May
  • 27
  • 2012

Revised CBDT Instruction on Grant of TDS Credit For AY 2011-12

Posted In Income Tax | | 2 Comments » Print Friendly and PDF

Section 143 of the Income-tax Act, 1961 – Assessment – General – Processing of returns of A.Y. 2011-12 – Steps to clear backlog – Withdrawal of Instruction No. 1/2012, dated 2-2-2012

Instruction No. 4/2012 [F. No. 225/34/2011-ITA.II], dated 25-5-2012

The Board has decided to withdraw Instruction no. 01/2012 issued on 2nd February, 2012 on the subject above with immediate effect. The following decisions have been taken in this regard:

(i) In all returns (ITR-1 to ITR-6), where the difference between the TDS claim and matching TDS amount reported in AS-26 data does not exceed Rs. Five thousands, the TDS claim may be accepted without verification. (ii) Where there is zero TDS matching, TDS credit shall be allowed only after due verification.

(iii) Where there are TDS claims with invalid TAN, the TDS credit for such claims is not to be allowed.

(iv) In all other cases TDS credit shall be allowed after due verification.


2 Responses to “Revised CBDT Instruction on Grant of TDS Credit For AY 2011-12”

  1. Suresh Patil says:

    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:
    (i) In all returns (ITR-1 to ITR-6), where the difference between the TDS claim and matching TDS amount reported in AS-26 data does not exceed Rs. One lac, the TDS claim may be accepted without verification.

    WHAT IS THE RELEVANCE OF ABOVE INSTRUCTION BY CBDT? Can any expert comment on this?

  2. s.srinivasan says:

    Even earlier , in the name of verification though the original TDS certificates were produced, some of the ITO,s wanted taht they should be verified by writing a letter to the parties for the confirmation. In most of the cases since the reply was not forthcomming it has not been possible to get the credit for the TDS even after submitting the original TDS certificate. Waht is the exact meaning of “verification ” of the TDS certificates
    thanks
    srinivasan

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