Processing of statements of tax deducted at source and other statements.

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....to in this section as deductor) under section 200, such statement shall be processed in the following manner, namely:- (a) the sums deductible under this Chapter shall be computed after making the following adjustments, namely:- (i) any arithmetical error in the statement; or (ii) an incorrect claim, apparent from any information in the statement; (b) the intere....

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....hall be granted to the deductor.] Provided that no intimation under this sub-section shall be sent after the expiry of one year from the end of the financial year in which the statement is filed. Explanation.-For the purposes of this sub-section, "an incorrect claim apparent from any information in the statement" shall mean a claim, on the basis of an entry, in the statement- (i) of....

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....ted vide Section 60 of the Finance (No. 2) Act, 2014 w.e.f. 01-10-2014 3. Substituted vide Section 51 of the Finance Act, 2015 w.e.f. 01-06-2015 before it was read as, "(c) the sum payable by, or the amount of refund due to, the deductor shall be determined after adjustment of amount computed under clause (b) against any amount paid under section 200 and section 201, and a....