Access to Individual Transactions Statement expanded to administrative commissioners, broadening jurisdictional ITS visibility for all PANs.
Three operational changes to the CIB module: a new excel extraction feature for non PAN/invalid PAN AIR data with mandatory query fields and RCC level role access for provision to Designated Assessing Officers; expansion of ITS access to administrative Commissioners via the AR_CIT role for all PANs under their jurisdiction irrespective of scrutiny or demand; and temporary deactivation of the automated PAN assignment process for non PAN CIB data to speed online dissemination to Ranges/AOs, with other processes unchanged.

Tax Deduction at Source on interest provisioning clarified: TDS not required on CBS macro monitoring entries; deduct on actual credit.
Where banks using Core Branch Banking Solution calculate and park interest on time deposits in a provisioning account for macro monitoring only, such parking does not constitute constructive credit to the depositor; therefore tax need not be deducted at source on those provisioning entries. Tax shall be deducted at source when interest is actually accrued, credited, paid, matured or encashed, or at periodic intervals as per bank or depositor practice, whenever aggregate interest in the year exceeds the statutory threshold for deduction.

Advance tax adjustment: payments for fringe benefits may be treated as advance tax and adjusted or refunded.
Any installment of "advance tax in respect of fringe benefits" paid for the assessment year shall be treated as an advance tax payment for that assessment year and may be adjusted against the assessee's advance tax liability on other income for that year or, if there is no liability, claimed as a refund as advance tax paid for that assessment year.

Choice to approach DRP confirmed; assessee may object to draft assessment or later appeal through appellate channel.
Clarification that section 144C provides a Dispute Resolution Panel and expressly permits the assessee a choice to either file an objection before the DRP against the draft assessment order or to forgo that option and later file an appeal through the normal appellate channel before the Commissioner of Income-tax (Appeals).

Income tax deduction from salaries corrigendum corrects circular reference, increases severe disability deduction and amends example tax computations.
Corrigendum to the Board's circular on Income Tax deduction from salaries for FY 2009-10 corrects the prior circular reference, increases the specified deduction for a dependant with severe disability, and amends numerical entries in illustrative examples including tax-on-income figures, education cess calculations, total tax payable and rounding adjustments.

Tax deduction at source from salaries: employers must compute, deduct, deposit and certify TDS and file e TDS returns.
Employers must deduct income tax at source under Section 192 on estimated salary income (including taxable perquisites), applying prescribed age and gender based rates and education cesses; employers may pay tax on non monetary perquisites at their option. Taxable salary is computed by valuing perquisites per Section 17 and Rules, allowing deductions under section 16 and Chapter VI A within statutory limits. Deductors must deposit tax timely (ITNS 281), file quarterly e TDS returns in Form 24Q with accurate TAN/PAN, issue Form 16/Form 16AA and Form 12BA where applicable, and face interest, penalties and prosecution for non compliance.