cpc

Uncovering the Limitations of India’s Centralized Processing System (CPC) for Taxpayers

Income Tax - Discover the limitations of Indias Centralized Processing System (CPC) for taxpayers. Explore solutions to enhance communication and efficiency in tax processing....

Second Substantive Ground of Appeal against an Adjustment U/s 143(1)(A)(IV)

Income Tax - In my previous article ‘The First Substantive Ground of Appeal against an adjustment u/s 143(1)(a)(iv)‘, the following propositions were advanced: ♦ Under the present Section 143(1) only processing of a return takes place and it is no longer an assessment. ♦ Processing of a return under Section 143(1) need not be done by t...

First Substantive Ground of Appeal against Section 143(1)(a)(iv) adjustment

Income Tax - The First Substantive Ground of Appeal against an adjustment made under Section 143(1)(a)(iv) It has been 15 years since the Income Tax Department hastily introduced e-filing, without proper testing and we CAs who filed the returns for our clients had to bear the brunt of the beta testing. Though e-filing was introduced in 2006, it [&hell...

Option to file ‘Rectification Petition’ missing from new Income Tax Portal

Income Tax - RECTIFICATION OF AN ORDER RECEIVED FROM CPC AND ISSUES RELATING TO DISPOSAL OF THE RECTIFICATION PETITION If the assessee finds a mistake in the order received from the new Income Tax Site, he has been prompted to click the SERVICES button and proceed for filing ‘Rectification Petition’. But under ‘services’ menu, the option for f...

Common Reason for E-filed Defective Returns

Income Tax - Currently CPC is unable to process over 2 lakhs returns which have been classified as defective under CPC’s business rules. Assessees are requested to avoid errors mentioned below which are among the top reasons for the return to be classified as defective: 1. ITR 4 - The assessee has not filled Part A P&L or Balance Sheet or both an...

Representation on adjustments (over & above 20% of disputed demand) by CPC

Income Tax - KSCAA Representation regarding adjustments (over and above 20% of disputed demand) by CPC despite assessments pending before first appellate authority...

BCAS Representation to CPC on Difficulties faced by the taxpayers

Income Tax - BCAS has made an excellent Representation to CPC on Difficulties faced by the taxpayers alongwith their suggestions to remove the difficulties. Difficulties which BCAS bring to the attention of CPC are as follows:- Providing correct TDS credit, Satisfactory solution to be provided for grievances raised in Income-tax Portal, Demand rectifi...

Centralized Processing Centre (CPC) gets unique Pincode

Income Tax - A unique PINCODE 560500 has been allotted to Centralized Processing Centre (CPC), Income Tax Department located in Bengaluru by the Department of Post. Taxpayers can henceforth address their mails to “Centralized Processing Center, Income Tax Department, Bengaluru 560500” for the purpose of submission of ITR-V forms and other document...

Raise Grievance regarding communication received from CPC Bengaluru

Income Tax - Recently, members are raising concerns regarding the problem faced by them in resolving the grievances in respect of Communication/ Order/ Notices received by the assessees from Centralised Processing Centre (CPC) Bengaluru....

Advisory from CPC (TDS) regarding spurious emails

Income Tax - This is to inform that a few emails received by the Deductors and Taxpayers have been brought to the attention of the Centralized Processing Cell (TDS), which claim to have been originated from CPC (TDS) and may have been triggered by the sender of those emails with a mala fide intent. To avoid any inconvenience […]...

Pre-01.04.2021 CPC cannot make Adjustments in section 80P Deduction

West Bengal State Multipurpose Consumers Cooperative Federation Limited Vs ACIT (ITAT Kolkata) - In an ITAT Kolkata ruling, deduction u/s 80P for AY 2019-20 was allowed due to timely filing within the due date specified by CBDT. The CPC's adjustment was deemed beyond its jurisdiction before April 2021...

CPC Processing/Additions cannot go beyond Inst. No.10/2017

Sri Arthur Bernard Sebastine Vs DCIT (ITAT Bangalore) - CBDT's instruction No.10/2017 dated 15.11.2017 has clearly laid down that only when receipts are completely omitted to be declared in the return of income can there be an addition for invoking 143(1)(a)(vi) of the Act....

HC take note of Denial of TDS credit & illegal adjustment of refund by CPC Bangalore

Court on Its Own Motion Vs Commissioner of Income-tax (Delhi High Court) - The assessees must be given an opportunity to file response or reply and the reply will be considered and examined by the Assessing Officer before any direction for adjustment is made. The process of issue of prior intimation and service thereof on the assessee will be as per the law. The assessees ...

CPC-TDS enables online correction in form 26QB

F.No. DIT(S)-2/Form 26QB/100/2015 - (22/03/2016) - Section 194IA of the IT Act relates to TDS on Sale of property. Form 26QB is an online statement-cum-challan to be filled and submitted by the buyer of the property for making TDS payment on sale of property. It contains details of buyer, seller, property being sold, sale consideration, tax deposit ...

Recent Posts in "cpc"

Representation on adjustments (over & above 20% of disputed demand) by CPC

KSCAA Representation regarding adjustments (over and above 20% of disputed demand) by CPC despite assessments pending before first appellate authority...

Posted Under: Income Tax | ,

Pre-01.04.2021 CPC cannot make Adjustments in section 80P Deduction

West Bengal State Multipurpose Consumers Cooperative Federation Limited Vs ACIT (ITAT Kolkata)

In an ITAT Kolkata ruling, deduction u/s 80P for AY 2019-20 was allowed due to timely filing within the due date specified by CBDT. The CPC's adjustment was deemed beyond its jurisdiction before April 2021...

Uncovering the Limitations of India’s Centralized Processing System (CPC) for Taxpayers

Discover the limitations of Indias Centralized Processing System (CPC) for taxpayers. Explore solutions to enhance communication and efficiency in tax processing....

Posted Under: Income Tax |

Second Substantive Ground of Appeal against an Adjustment U/s 143(1)(A)(IV)

In my previous article ‘The First Substantive Ground of Appeal against an adjustment u/s 143(1)(a)(iv)‘, the following propositions were advanced: ♦ Under the present Section 143(1) only processing of a return takes place and it is no longer an assessment. ♦ Processing of a return under Section 143(1) need not be done by t...

Posted Under: Income Tax |

First Substantive Ground of Appeal against Section 143(1)(a)(iv) adjustment

The First Substantive Ground of Appeal against an adjustment made under Section 143(1)(a)(iv) It has been 15 years since the Income Tax Department hastily introduced e-filing, without proper testing and we CAs who filed the returns for our clients had to bear the brunt of the beta testing. Though e-filing was introduced in 2006, it [&hell...

Posted Under: Income Tax |

Option to file ‘Rectification Petition’ missing from new Income Tax Portal

RECTIFICATION OF AN ORDER RECEIVED FROM CPC AND ISSUES RELATING TO DISPOSAL OF THE RECTIFICATION PETITION If the assessee finds a mistake in the order received from the new Income Tax Site, he has been prompted to click the SERVICES button and proceed for filing ‘Rectification Petition’. But under ‘services’ menu, the option for f...

Posted Under: Income Tax |

CPC handbook covering FAQs on topics related to ITRs

CPC Handbook For Tax Consultants/Taxpayers – November 2020 Centralized Processing Center, Bangalore has prepared a handbook in order to provide guidance to taxpayers and taxpayers’ representatives regarding e-filing of returns, processing of returns, issue of refunds, validation of bank accounts, filing of rectification applic...

Posted Under: Income Tax |

BCAS Representation to CPC on Difficulties faced by the taxpayers

BCAS has made an excellent Representation to CPC on Difficulties faced by the taxpayers alongwith their suggestions to remove the difficulties. Difficulties which BCAS bring to the attention of CPC are as follows:- Providing correct TDS credit, Satisfactory solution to be provided for grievances raised in Income-tax Portal, Demand rectifi...

Posted Under: Income Tax |

Common Reason for E-filed Defective Returns

Currently CPC is unable to process over 2 lakhs returns which have been classified as defective under CPC’s business rules. Assessees are requested to avoid errors mentioned below which are among the top reasons for the return to be classified as defective: 1. ITR 4 - The assessee has not filled Part A P&L or Balance Sheet or both an...

Posted Under: Income Tax | ,

CPC & issues in processing of Section 10(23C)(iiiad) exemption

Charitable Trusts having multiple educational institutions are facing many issues especially of exemptions u/s 10(23C)(iiiad) of the Income Tax Act, 1961, in processing of returns by CPC and in assessments. Following is an analysis of the section and the legal precedents. 1. The law Section 10(23C)(iiiad) reads as under – Incomes no...

Posted Under: Income Tax |

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