Budget 2010-: Centralised Processing of Returns

Feb 28, 2010

Under the existing provisions of section 143(1 B),
 the Central Government may, for the purposes of
giving effect to the scheme of centralised processing
 of returns under section 143(1A), issue a notification
 relating to such processing of returns.

Such a notification can be issued up to 31st March, 2010.

A Centralised Processing Centre has been set
up where returns are being processed in batches.

 However, some more functionalities in the processing
of returns may need to be added to make it a complete
end-to-end process.

Therefore, it is proposed to extend the time limit for
 issue of such notification under section 143 (1 B)
from 31st March, 2010 to 31st March 2011.

Consequential amendments on similar lines are
 proposed to be made in section 115WE of the Income-tax Act.