Income Tax - Processing of Returns of AY 2011-12 - Backlog Clearance
IN order to clear backlog of returns, the CBDT has decided that:
(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.
(ii) Where there is zero TDS matching, TDS credit shall be allowed only after due verification. However, in case of returns of ITR-1 and ITR-2, credit may be allowed in full, even if there is zero matching, if the total TDS claimed is Rs. Five thousand or lower.
(ii) Where there are TDS claims with invalid TAN, TDS credit for such claims are not to be allowed.
(iv) In all other cases, TDS credit shall be allowed after due verification.
CBDT INSTRUCTION NO. 01/2012 [F.NO.225/34/2011-ITA.II], Dated February 02, 2012