What are the items taken into consideration by Assessing Officer (AO) while processing a return at Centralised Processing Centre (CPC) ?

CS Executive · Tax Laws and Practice · PYQS · December 2018
What are the items taken into consideration by Assessing Officer (AO) while processing a return at Centralised Processing Centre (CPC) ?
(A) the total income or loss after making adjustments for any arithmetical error in the return
(B) an incorrect claim, if such incorrect claim is apparent from any information in the return
(C) the fee payable under section 234F (fee for default in furnishing return of income) in computing the tax
(D) All of the above

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax Act, 1961

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