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Processing of returns filed in FY 2014-15 getting time barred

Income Tax - 140 - Dated:- 15-3-2016 - AST INSTRUCTION NO.140 [F.NO.DGIT(S)/DIT(S)-3/AST/TMS/ONLINE/27-C/2015-16], DATED 15-3-2016 As you are aware that returns furnished by the assessees during the FY 2014-15 are pending for processing under section .....

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is being enabled from 15-3-2016. The technical and non-technical reasons are broadly categorized as under: 1.1 Category 1 : In this category of cases, the PAN is genuine and the returns are not processed in the CPC/AST due to technical hindrances as .....

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PAN. The reasons are as under: (i) Invalid PAN mentioned in the return. (ii) PAN is not available. (iii) Name in PAN database does not match with Return name. (iv) Return with one PAN issued to two different entities or someone filing a return quotin .....

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PAN. 2. In order to facilitate the processing of cases falling in category 1 and category 2 above, the CBDT has approved the processing of such cases in online TMS. The cases falling in categories 1 & 2 are different in nature having different sy .....

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tegory 1) : This functionality caters to the cases mentioned in para 1.1. The key features of the software are as under: (i) The returns can be entered by AO having return of income, although the PAN is lying in some other jurisdiction. (ii) The retu .....

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n by the jurisdictional AO once data has been integrated with AST, all future actions can be performed by the AO having PAN jurisdiction. (iv) As the cases are having a genuine PAN, therefore, credits of taxes will be given online through system. (v) .....

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- TMS → Online TMS-Category 1. 4. Online TMS (category 2) : This functionality caters to the cases mentioned in para 1.2. Under this category, credits of TDS (26AS) and challans under OLTAS are not allowed through system. Moreover, in these case .....

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