Avoid tax credit mismatch in income-tax return request: Experts

In case of an error, file a revised TDS return under Section 154(1)

Tax, incom-tax, salary, savings, financial plannings, ITR, filing returns, jobs, investments

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Tax credit is the tax deposited in the government’s treasury via modes like tax deducted at source (TDS), advance tax, self-assessment tax, etc

Bindisha Sarang Mumbai

4 min read Last Updated : Mar 03 2021 | 6:10 AM IST

The income-tax (I-T) department has asked taxpayers whose income-tax returns (ITRs) have not been processed yet to resolve the underlying issues quickly, so that processing can happen. Let us understand the reasons due to which processing gets stuck and what you can do about them.

The department had launched the Central Processing Centre (CPC) 2.0 in December 2020 with ‘Jhatpat processing’. Under this scheme, ITR 1 and ITR 4 are processed within two-three working days, provided certain conditions have been met.

Archit Gupta, chief executive officer (CEO), ClearTax, says, “Due to the CPC upgrade, processing has been faster this time

Topics : Income tax income-tax returns I-T returns income-tax department Income-tax

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