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of <h1>New Circular Simplifies e-TDS Processing: Rounds Off Minor Defaults, Ignores Small Demands, Effective Immediately for TCS/TDS Cases.</h1> The circular addresses the processing of e-TDS returns, highlighting a system where returns are processed online, and mismatch reports are generated to identify defaults. It notes many pending returns with minor defaults under Rs.10 per deductee. The Board has decided to round off such minor defaults to zero and ignore deductor-wise demands of Rs.100 or less. Deductors are advised to avoid habitual short deductions. This instruction supersedes the previous one from 2007 and applies to all TCS/TDS cases under Direct Tax Enactments, effective immediately.
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