CA. M. Lakshmanan

Applicable to returns filed electronically and for class of assessees specified in this behalf

The following assessees have to file compulsorily e return only:

– Limited Companies

– Compulsory Audit Cases

– from A.Y. 2012-13 Individuals/HUFs having

Total Income above Rs. 10 Lakhs and assessees who have got foreign assets.

To be filed with digital signature only for Limited Companies and for others whose accounts are audited u.s. 44 AB. If filed without digital signature the acknowledgement in Form V duly verified is to be sent to CPC within 120 days by ordinary or speed post.

If ITR V is rejected because the same is unsigned, illegible, mutilated, bad quality or not as per specification it is deemed to have been not filed and the return is to filed once again followed by submission of ITR V .

The Commissioner may condone the delay in a case or class of cases and he can call for fresh ITR V under special circumstances.

ACKNOWLEDGEMENT OF RECEIPT OF ITR V

This will be sent by CPC to the email address provided.

If not received within a reasonable time it can be downloaded from ‘My Account” menu.

REVISED RETURN OF INCOME

If original is filed electronically the revised is to be filed electronically only. Centre will process only the revised return.

INVALID or DEFECTIVE RETURN

The Commissioner may declare a return defective due to specific reasons and the same will be intimated to the assessee If revised return is not  filed within the time specified the return filed will be rejected

The Commissioner has got powers to condone the delay.

PROCESSING OF RETURNS

The returns are processed after considering TDS/TCS and after verification of payment of taxes, intimations are generated to assessees by e-mail.

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Refunds are sent through refund bankers.

If there is demand the intimations are treated as demand notice u.s. 156.

If for any reason the return could not processed the same will be transferred to the jurisdictional officer and the same will be intimated to assessee as communication via email.

RECTIFICATION OF MISTAKE

Mistake apparent on record

Own motion or application by assessee

To be filed electronically only

Applications are processed after being vetted by the tax officials in the CPC.

Order u.s 154 is to be treated as demand notice u.s 156

If the error is due to data entry or software error the excess refund or reduction in demand will be corrected by CPC it on its own motion.

If the rectification results in excess demand or reduction in refund intimation will be sent and reply by assessee is to be considered.

ADJUSTMENT AGAINST OUTSTANDING TAX DEMAND

All outstandings as uploaded by the officer will be adjusted before issuing refund.

APPELATE PROCEEDINGS

Appeal shall lie with the CIT (Appeals) having jurisdiction over the assessing officer.

Remand Reports and giving effect to the appellate orders shall be done by the Assessing officer.

NO PERSONAL APPEARANCE

Assessee or Authorised Representative shall not be required to appear at the centre.

Written or electronic communication is sufficient.

Centre can call for clarification, evidence or document, which are to be submitted electronically only.

SERVICE OF NOTICE OR COMMUNICATION

By Post

Delivering or transmitting electronically Placing the copy in the registered electronic account

Any of the modes mentioned in Sec 282(1).

Date of posting in the website/email is the date of service.

Computer generated notices need not carry any signature.

TO OPEN THE DOCUMENT PASSWORD IS REQUIRED

It is combination of PAN and Date of Birth/incorporation.

This can be stored as a word file in the computer in the respective assessee’s file for easy retrieval at every time for opening the documents received.

RE-SENDING OF INTIMATION U/S. 143(1)/154 / INCOME TAX REFUND

The process of request for re-sending of Intimation u/s 143(1)/154 and refund is available in ‘Services’option.

The Assessees who filed their income tax return online can request online for resending of their intimation under section 143(1) and section of the Income tax Act, 1961. Assessee can also place request for re-issue of income tax Refund..

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0 responses to “Issues in Processing of Income Tax Returns at CPC”

  1. V C S Verma says:

    The CPC has issued tax demand notices for year 2009-2010 wrongly to some tax payers. Though actually there is no tax dues. This should be corrected at the earliest and intimation to this effect be sent to the tax payers.

  2. Dr. Satya Prakash says:

    It should not be made compulsory to file correction by electronically because mistakes are pointed out enclsing documentary proofs.

    It should be done within 15 days so that tax payer is relieved.

    If the mistake done by CPC, it should rectified immediately, when information received in CPC

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