TMI BlogProcessing of statements of tax deducted at source.X X X X Extracts X X X X X X X X Extracts X X X X ..... , 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 interest, if any, shall be computed on the basis of the sums deductible as comp ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l 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 an item, which is inconsistent with another entry of the same or some other item in such statem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ctor shall be determined after adjustment of amount computed under clause (b) against any amount paid under section 200 and section 201, and any amount paid otherwise by way of tax or interest; (d) an intimation shall be prepared or generated and sent to the deductor specifying the sum determined to be payable by, or the amount of refund due to, him under clause (c); and (e) the am ..... X X X X Extracts X X X X X X X X Extracts X X X X
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