Processing of tax deduction and collection statements requires adjusted computation, interest and fee calculation, intimation, and centralized processing. Clause 399 requires processing of TDS/TCS statements by correcting arithmetical errors and incorrect claims, computing interest on adjusted amounts, calculating fees under section 427, determining net payable or refundable amounts after offsets against prior payments, issuing an intimation specifying the amount payable or refundable, granting refunds accordingly, and permits the Board to establish a centralised processing scheme.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Processing of tax deduction and collection statements requires adjusted computation, interest and fee calculation, intimation, and centralized processing.
Clause 399 requires processing of TDS/TCS statements by correcting arithmetical errors and incorrect claims, computing interest on adjusted amounts, calculating fees under section 427, determining net payable or refundable amounts after offsets against prior payments, issuing an intimation specifying the amount payable or refundable, granting refunds accordingly, and permits the Board to establish a centralised processing scheme.
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