https://www.taxtmi.com/article/detailed?id=12601 The CPC processes electronically filed returns and specified paper returns, issues acknowledgements (including Form ITR-V procedures), may reject defective ITR Vs or declare returns invalid for non compliance, and accepts revised returns only where the original was e filed. It determines tax payable or refunds by automatic validation of TDS, TCS and bank challans, issues electronic intimations (deemed notices of demand), adjusts refunds against outstanding demands, and may rectify processing errors or recover excess refunds under statutory provisions. en-us Mon, 13 May 2024 08:39:50 +0530 Mon, 13 May 2024 08:39:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12601 The CPC processes electronically filed returns and specified paper returns, issues acknowledgements (including Form ITR-V procedures), may reject defective ITR Vs or declare returns invalid for non compliance, and accepts revised returns only where the original was e filed. It determines tax payable or refunds by automatic validation of TDS, TCS and bank challans, issues electronic intimations (deemed notices of demand), adjusts refunds against outstanding demands, and may rectify processing errors or recover excess refunds under statutory provisions. Articles Income Tax Mon, 13 May 2024 08:39:50 +0530 https://www.taxtmi.com/article/detailed?id=12601