https://www.taxtmi.com/acts?id=19776 Processing of a collector's statement or correction requires computing sums collectible after correcting arithmetical errors and identifying incorrect claims apparent from the statement, computing interest on computed sums, calculating any statutory fee, adjusting prior tax, interest or fee payments against the liability, generating an intimation specifying net payable sum or refund due, and granting refunds so determined; intimations must be sent within one year from the end of the financial year in which the statement was filed, and a centralised processing scheme may be made to expedite determinations. en-us Sun, 17 May 2015 10:32:08 +0530 Thu, 28 Aug 2025 16:42:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=19776 Processing of a collector's statement or correction requires computing sums collectible after correcting arithmetical errors and identifying incorrect claims apparent from the statement, computing interest on computed sums, calculating any statutory fee, adjusting prior tax, interest or fee payments against the liability, generating an intimation specifying net payable sum or refund due, and granting refunds so determined; intimations must be sent within one year from the end of the financial year in which the statement was filed, and a centralised processing scheme may be made to expedite determinations. Act-Rules Income Tax Sun, 17 May 2015 10:32:08 +0530 https://www.taxtmi.com/acts?id=19776