Centralized Processing Centre (CPC) at Bangalore is performing successfully. Till date, 26.99 alkh returns hgave been processed and over 3 lakh refunds have been issued at the Centralized Processing Centre, Bangalore.Online GST Certification Course by TaxGuru & MSME- Click here to Join
The Centralized Processing Centre is processing returns as per the provisions of the Income Tax Act, In a few cases of refund claim, after processing, the final computation has resulted in a demand. This could be because of incorrect reporting, a wrong claim or a mismatch in tax payments or tax deducted at source (TDS).
The total expenditure for Centralized Processing Centre, bangalore for the Financial Year 2009-10 (the first year of operation of Centralized Processing Centre) was Rs.4.57 crores. This consists of mainly office expenses, rent/rates and salaries, etc. to the departmental employees.
This information was given by the Minister of State for Finance, Shri Namo Narain Meena in written reply to an Unstarred Question in Rajya Sabha today.