Processing - Section 399 (New) / Section 200A and 206CB (Old)

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....on 399 provides the mechanism for processing TDS and TCS statements filed under Chapter XIX-B. It authorises adjustment of arithmetical errors, computation of interest and fee, determination of demand or refund, issuance of intimation and grant of refund. Section 399(1) - Processing of TDS/TCS Statements Section 399(1) lays down the manner in which statements of tax deducted at source (TDS) ....

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....puted under clause (c); and • tax, interest or fee already paid, the amount payable by, or refundable to, the deductor or collector shall be determined. Clause (e): Intimation An intimation shall be generated and sent to the deductor or collector specifying the amount payable or refundable. Clause (f): Grant of Refund Where any refund becomes due pursuant to processin....