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of <h1>Board Issues Guidelines for Processing 2010-11 Tax Returns: Simplified TDS Verification and New Credit Rules.</h1> The Board has issued instructions for processing income tax returns for the assessment year 2010-11 to address the backlog. For returns (ITR-1 to ITR-6) where the discrepancy between the TDS claim and the AS-26 reported amount is within Rs. 1 lakh, the TDS claim will be accepted without verification. If there is zero TDS matching, credit will be allowed after verification, except for ITR-1 and ITR-2 where claims up to Rs. 5,000 may be accepted without matching. TDS claims with invalid TAN will not be credited, and other cases will require verification before credit is allowed.
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