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CBDT Press Release on signing of TIEA between India and British Virgin Islands, enhancement of limit for appeal filing and speeding of refunds.

posted 18 Mar 2011, 03:07 by CA Naresh Shah
In order to speed up refunds, TDS claims in all tax returns (ITR-1 to ITR-6) will be accepted without verification if the difference between the amount claimed in the return and the amount reflected in the TDS return (AS-26 statement) does not exceed one lakh rupees.