https://www.taxtmi.com/acts?id=51944 Processing of statements of tax deducted at source or tax collected at source, including correction statements, requires adjustment for arithmetical errors and incorrect claims apparent from the statement. Interest and fee are computed on the reflected amounts, and the amount payable or refund due to the deductor or collector is determined after set-off of amounts already paid. An intimation stating the payable or refundable amount must be sent within one year from the end of the tax year, and refunds determined under the process must be granted. The Board may frame a scheme for centralised processing. en-us Thu, 14 Aug 2025 18:17:44 +0530 Mon, 06 Apr 2026 13:04:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51944 Processing of statements of tax deducted at source or tax collected at source, including correction statements, requires adjustment for arithmetical errors and incorrect claims apparent from the statement. Interest and fee are computed on the reflected amounts, and the amount payable or refund due to the deductor or collector is determined after set-off of amounts already paid. An intimation stating the payable or refundable amount must be sent within one year from the end of the tax year, and refunds determined under the process must be granted. The Board may frame a scheme for centralised processing. Act-Rules Income Tax Thu, 14 Aug 2025 18:17:44 +0530 https://www.taxtmi.com/acts?id=51944