tax information network (tin) ver 1.0
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NSDL
TIN - For a better tomorrow
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Tax Information Network (TIN)
www.tin-nsdl.com
NSDL
TIN - For a better tomorrow
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Contents Introduction
Before TIN was set up......
After TIN was set up…..
Components of TIN
Online Tax Accounting System (OLTAS)
Computerization of TDS functions
Generation of PAN Ledger
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Contents TIN - The Big Picture
Taxpayer Assistance E-payment of direct tax Status of challan NSDL RPU
Validating return using FVU
Preparation & Submission of e-TDS/TCS Statement
e-TDS/TCS Statements – Charges Key points
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Contents Feedback to deductor
Online views
Annual Tax Statement (Form 26AS)
New at TIN
Key performance parameters
Other facilities offered by NSDL under TIN
Contact details – NSDL
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Introduction
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Challenges of Tax Administration
Tax payers to file Income Tax returns every year
Income Tax returns are scrutinized by the Assessing officers To verify correct computation of tax and deposit thereof
Assessment primarily based on return and documents submitted by tax payers
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Hurdles faced by the department
Limitations of the Income tax process Lack of compliance by tax evaders
Not filing Income Tax returns Not paying taxes Not declaring information regarding total income
Compliance – painful process for genuine taxpayers
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Strategies adopted by the department
Third party deduction of tax (TDS)
Third party reporting of income (TDS) and expenditure (one in six)
Intrusive investigation
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Before TIN was set up......
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Concerns for the department
TDS in paper form - Maintenance and storage of paper returns for deductor, deductee as well as the department
Reconciliation and verification of information of TDS deducted and actually deposited
Loss of revenue to Government
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After TIN was set up......
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TIN Project
Director General of Income Tax (Systems) was designated as e-TDS Administrator
NSDL declared as e-TDS Intermediary for Collection and consolidation of TDS returns, tax
payment challans & AIR to the central system
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TIN - Purpose Integrate primary information of tax collection
Record keeping
Dissemination and retrieval
Ensure tax credit against tax received in Government account
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TIN- Benefits
Convenience in record keeping and filing of TDS returns
Reduced cost of compliance for tax payers Reduction in leakage Increase in tax base Improvement in process efficiency and transparency Enables speedy reconciliation Faster transfer of tax collected to Government Data mining for trends and projections
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Online Tax Accounting System (OLTAS)
Computerization of TDS functions
Generation of PAN Ledger
Components of TIN
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Online Tax Accounting System(OLTAS)
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TDS deducted by deductor is deposited by them into the Government account through the designated banks and its branches
Payment of TDS to the bank is made vide a challan
Banks accept the payment and issue counterfoil of challan as proof of payment received to the deductor
OLTAS
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Upload of Tax Deposit details by banks to TIN Central System who paid, how much, through which instrument
Facilitates verification of Tax Deposit as claimed in TDS and IT
returns
OLTAS
Bank branch Nodal BranchTax Deposit Link Cell
RBI
Funds
Cha
llan
Info
rmat
ion
Tax Collecting Banks
TDS/IT
Online
OR
Physical
TIN- NSDL
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Each challan uniquely identified by Challan Identification Number (CIN) Challan serial no. Bank Branch code (BSR code) Challan Tender date
CIN provided by bank to every tax payer/deductor on deposit of tax
OLTAS
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Receipt of tax payment information within 3 days
Central database containing tax payment information
Reconciliation with RBI
Facility to taxpayers to view their payment information online
Benefits of OLTAS
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Computerization of TDS functions
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E-TDS return Rationalization of forms –16 forms consolidated to
three forms Periodicity for filing returns made from Annual to
Quarterly Electronic filing mandatory for
Corporate deductors Government deductors Deductors required to get their accounts audited u/s 44
AB of Income Tax Act Deductors having 20 or more deductee records
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E-TDS return
Minimum level of quoting PANs in the TDS return specified
Necessary amendments in Chapter XVII-B of Income Tax Act Rules 31A and 31AA of Income Tax rules
Higher rate of TDS if PAN of deductee not quoted in TDS return
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E-TDS return
Open File format – clearly defined file format for preparation of returns in ASCII format
File Validation – Platform independent File validation utility (FVU) to ensure Correct format of return Return meets the prescribed validations
Return preparation utility – Free return preparation utility made available by TIN
Deductor can use any RPU for preparation of return
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Acceptance of TDS returns
Online and offline facility to deductors for preparing and submitting electronic return
Deductor
Tax Collecting Bank
TDS
Online
Facilitation Centre
E-TDS Return
TIN- NSDL
ERACS
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Acceptance of TDS returns
Direct upload of returns using Internet Returns digitally signed by deductor Digital Signature Certificate (Class II or III)
Returns submitted at TIN-FCs Returns in computer media Authentication of submission in summary sheet (Form
27 A) signed by deductor
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Generation of PAN Ledger
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Generation of PAN Ledger
Matching of challan information in the TDS returns with the corresponding information from OLTAS
Generation of PAN Ledger for all PANs in the return provided Challan information in return matches information in
OLTAS PANs are provided in the return are valid and present
in the PAN Master database.
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Feedback to Taxpayer Deductor could verify whether
Banks have correctly uploaded data of challans deposited by them
TDS returns filed by them have been successfully uploaded to the central system
Details of deposits of TDS in the returns have matched with corresponding data in OLTAS
Annual Tax Statement of taxpayers (deductees) have been correctly booked
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Viewing Annual Tax Statement online
Limited password based online access to deductees To view their Annual Tax statement online To verify whether Tax credits due to them are correctly
reflecting in the Annual Tax statement
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TINThe Big Picture
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DEDUCTORDEDUCTOR TAX PAYERTAX PAYER
ERACSTIN - FCTIN - FC
DIRECTUPLOADDIRECTUPLOAD
OLTAS(BANKS)
OLTAS(BANKS)
CPLGSCPLGS
TIN VIEWSTIN VIEWS
DEDUCTOR VIEW(RETURN STATUS)DEDUCTOR VIEW(RETURN STATUS)
TAX PAYER VIEW (26AS)
TAX PAYER VIEW (26AS)
TDS/TCS
RETURN
TAXTAX (TDS/TCS)
RETURN CHALLA
N
STATUS
FILERFILER
AIR
ITD VIEW ITD VIEW
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Taxpayer Assistance
Stakeholder Education Information dissemination through websites
www.incometaxindia.gov.in www.tin-nsdl.com
Deductor’s manual for providing guidance on procedures
Focused Awareness Seminars for deductors Special training programs for Tax practitioners to
create and spread awareness
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HOME PAGE-TIN WEBSITE
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E-payment of direct tax
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E-payment of direct tax
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E-payment of direct tax
This challan should be used for deposit of TDS/TCS
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E-payment of direct tax
Provide these details correctly. Banks do not have authority to rectify errors in these fields
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E-payment of direct tax
E-payment of taxes to be done through your net banking account
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OLTAS-Challan Status Enquiry
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OLTAS-Challan Status Enquiry
Enter challan details as provided in the challan counterfoil given by the bank
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OLTAS - Challan Status Enquiry
Check status of challans deposited before preparing TDS statement
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Challan Status Enquiry
Details of Challans deposited for given period can be viewed online
Download the challan file and verify the challan details in the statement through FVU
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Challan Status Enquiry
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Status of challan Online challan status track SMS based
Send SMS to 575758 SMS to contain
the word CSI followed by space and CIN (BSR code, tender date, challan serial no.)
amount is optionalCIN and amount should be comma separated
Eg. CSI 0510001,11032009,5,5000 Status will display
TAN / PAN Whether amount matched or notReceived in TIN (date)
SMS charges may vary from one service provider to another
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NSDL RPU
Select the Form No for which statement needs to be prepared
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NSDL RPU
Select the type of statement (Regular or correction) to be prepared and click to continue
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Enter deductor details
Provide updated email id or contact phone no.
Fields marked * are mandatory fields
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Enter challan details – details of taxes paid
Select relevant section code
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Enter challan details – details of taxes paid
Mention Yes if you are a Government deductor and tax is not deposited in the bank through a challan
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Enter challan details – details of taxes paid
Challan details should be as provided by the bank (Verify challan status uploaded by bank before preparing statement
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Enter deductee details (Annexure I)
Select relevant challan serial no
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Enter deductee details (Annexure I)
Details of selected challans will be automatically displayed in the fields highlighted in grey
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Enter deductee details (Annexure I)
Sequence of serial no. of deductee records should be different for each challan
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Enter deductee details (Annexure I)
Provide valid PAN of deductees
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Enter deductee details (Annexure I)
Total tax deposited should be greater than or equal to total tax deducted
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Enter salary details (Annexure II – Form 24Q)
Provide valid PAN of employees
Enter salary details for the entire Financial Year
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Enter salary details for the entire Financial Year
Enter salary details (Annexure II – Form 24Q)
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To save the intermediary file, select the option ‘Save’. This file can be reopened for further processing by using the ‘Open’ through RPU.
To create ‘.txt’ file, you have to click ‘Create File’
Enter salary details (Annexure II – Form 24Q)
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Verify challan details by providing path of challan details downloaded from the TIN website (.csi file)
Enter salary details (Annexure II – Form 24Q)
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Provide path where output file/error file to be generated and click on Validate
Enter salary details (Annexure II – Form 24Q)
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Validating return using FVU
FVU is integrated with the NSDL RPU Returns prepared using NSDL RPU will be
validated through FVU on clicking ‘Create File’ On successful validation .fvu and .txt file will be
generated In case of failure of validation error file and .txt
file will be generated
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Preparation of e-TDS/TCS statement – Validations Validate TDS/TCS statement using File Validation Utility –
FVU (Latest version on NSDL website – www.tin-nsdl.com) In case of valid TDS/TCS file FVU will generate the
following: .fvu file (validated file to be submitted to TIN-FC) Statement statistic report (contains summary of statement) Deductee PAN statistic report (contains details of invalid deductee
PAN in statement)
In case of invalid TDS/TCS file, error file will be generated. Rectify the error and re-validate through FVU
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Preparation of e-TDS/TCS statement – Validations
Provide path where output file/error file to be generated and click on Validate
Verify challan details by providing path of challan details downloaded from the TIN website (.csi file)
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Submission of e-TDS/TCS Statement Submit TDS / TCS statement
Regular.fvu file in CD / floppy Physical Form 27A
Correction.fvu file in CD / floppy Physical Form 27AStatistic report in physicalPhoto copy of Provisional receipt of regular statement
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TDS/TCS Forms & Periodicity
Form No. Description Periodicity Due Date
24Q For salary deduction
Quarterly For first three quarters: within 15 days from end of quarter. For last quarter: upto 15th May in the succeeding F .Y.
Q1 – 15th July Q2 – 15th OctoberQ3 – 15th January Q4 – 15th May
26Q For non-salary deduction (Rent , Contractor etc.)
27Q For deduction on payment to non-salary non-resident
27EQ Collection of TCS on sale Timber, scrap etc
Quarterly For first three quarters: within 15 days from end of quarter. For last quarter: upto 15th May in the succeeding F.Y.
27A With each e-TDS/TCS statement in physical form.
Quarterly (From FY 2005-06 onwards)
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e-TDS/TCS Statements - Charges
No. of records Upload fee (`.)*
Upto 100 30
101 to 1000 182
More than 1000 606
*Inclusive of taxes
No charge for statement not accepted.
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Check status of challans before preparation of
TDS statement – regular/correction
Save .fvu file of all TDS/TCS statements filed
Preserve all Provisional Receipts (PRN)
e-TDS/TCS Statements – Key points
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File correction return to make changes in the TDS /TCS return filed (regular) Remove deficiencies/inconsistencies in the TDS/TCS
return filed
Correction return can be filed only if ‘original’ return is accepted in TIN
Check status of return prior to filing correction return
e-TDS/TCS Statements – Key points
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Feedback to Deductors
Online views Non filer letters Inconsistency letters
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Online Views
Challan Status Enquiry
Quarterly Statement Status
Refund Status
Annual Tax Statement (Form 26AS)
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Quarterly Statement Status
Status displayed on the basis of TAN & Provisional Receipt number.
Following details can be viewed: Whether statement has been uploaded to TIN central system by TIN-
FC Status of statement at TIN (accepted / rejected) Status of challan (booked / unmatched) Number of deductees whose PAN accounts have been booked. Line no. of deductees in statements whose PAN accounts could not be
booked. Confirm whether a specific PAN account has been booked.
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Quarterly Statement Status
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Quarterly Statement Status
Provide TAN and PRN of statement for which status needs to be viewed
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Quarterly Statement Status
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Quarterly Statement Status
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Quarterly Statement Status
If challan status is Match pending or Match failed, deficiencies in the statement to be rectified vide correction statement
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Quarterly Statement Status
Status of deductee whether booked or not can be verified by providing PAN and amount deducted
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Refund Status
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Refund Status
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Form 26AS is a consolidated tax statement issued under Rule 31 AB of Income Tax Rules.
Form 26AS with respect to a financial year includes details of:
All tax deducted at source (TDS);
All tax collected at source (TCS); and
All advance tax/self assessment tax/regular assessment tax /Fringe Benefit Tax etc., deposited in the bank by the taxpayers (PAN holders).
Annual Tax Statement (Form 26AS)
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Benefits of Form 26ASPAN holder can verify the following:
TDS / TCS has been deposited to the Government account
Deductor/collector has accurately filed the TDS/TCS statement giving details of the tax deducted/collected on the deductees behalf
Bank has properly furnished the details of tax (e.g. Advance Tax, Self-assessment Tax etc.) directly deposited by the tax payer
Consolidated tax statement (Form 26AS) as a proof of tax deducted/collected
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Form 26AS
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Form 26AS
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Form 26AS
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Views for Tax Payers- Form 26AS – addition of refund (paid) details
Refund (paid) details from FY 2009-10 (AY 2010-11) onwards
E.g. refund for FY 2005-06 received in FY 2009-10
Following details will be displayed: -
AY for which refund is paid
Mode of payment – ECS, paper(cheque) etc
Amount of refund
Date of payment
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Views for Tax Payers- Form 26AS –addition of refund (paid) details
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•Registration at TIN website (www.tin-nsdl.com)
• Successful Registration-Acknowledgment Slip will be
displayed
•Verification and Authorization by TIN-FC
Verification mode PAN holder to visit TIN-FC – ` 15* TIN-FC to visit PAN holder – ` 100*
* Rates are exclusive of applicable service tax
Registration for view of Form 26AS
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Proof of Identity
Individual: PAN Card in original with a copy
HUF: PAN Card of HUF and PAN Card of Karta
Non-individual/HUF:
1. PAN Card in original with a copy
2. Authority Letter
3. PAN Card of Authorized Individual
Status of registration available on NSDL website
Three days after authorization Form 26AS can be viewed online
Verification & Authorization
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Online TAN registration Consolidated TDS/TCS statement Download of Form 26AS View of Form 26AS through Net banking
Citibank N.A. Corporation Bank IDBI Bank Ltd. Indian Overseas Bank State Bank of India State Bank of Mysore Union Bank of India
New at TIN
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View of Form 26AS from e-filing portal of ITD
Eight digit receipt number for TDS/TCS regular
statement
Monthly statement – Form 24G to be filed by PAO
New at TIN
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Online TAN registration
Register your TAN on NSDL TIN website www.tin-nsdl.com
Login to the website after successful registration and receipt of user id, password
Request for consolidated quarterly TDS/TCS statement on login
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Online TAN registration
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Online TAN registration
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Online TAN registration form
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Enter relevant details. Fields marked * are mandatory
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Online TAN registration form
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Enter details of accepted regular statement for verification
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Consolidated TDS/TCS statement
Deductors who have registered their TAN online can request for consolidated TDS/TCS statement
Consolidated FVU files is available for TDS/TCS statements pertaining to F.Y. 2007-08 and onwards.
TDS/TCS statement (consolidated) provided by TIN will include all the updates done vide correction statements (accepted at TIN central system) filed by deductor/ collector.
Consolidated statement will be sent to the deductor via email within 24 hours of placing request
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Contents of Consolidated TDS/TCS statement
Details as per latest statement: Updated details of deductor/challan/deductee/salary records will be provided.
Challan matching flag: Challan matching flag which indicates the status of challan / transfer voucher ‘M’ – Matched, ‘U’ – Unmatched, ‘P’ – Provisionally booked.
No updates should be carried out on challans/transfer voucher with status ‘M’ or ‘P’.
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Contents of Consolidated TDS/TCS statement
Expected record no. for challan/deductee/ salary detail record to be quoted in subsequent correction statement. This has been incorporated to facilitate quoting record number in
sequence for added records in correction statements
Example There are 5 challans in regular statement which is accepted at TIN.
1 challan is added by furnishing correction statement which is
rejected at TIN. 2 challans added by furnishing another correction statement which is
accepted at TIN. If one more challan is to be added vide another correction statement,
sequence number of the expected challan record in the consolidated e-TDS / TCS statement will be 8.
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Contents of Consolidated TDS/TCS statement
Provisional receipt number (PRN): In correction statement, deductor/collector is required to quote PRN as under to identify the statement in TIN central system for update: Corresponding regular statement Latest accepted/partially accepted correction statement
To facilitate the deductor/collector in quoting correct PRN of Regular and Correction statement, same is provided in the consolidated TDS/TCS statement.
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Download of Form 26AS
Form 26AS can be downloaded in text form (carat separated) from the TIN website
Facility to download is available on the ‘View Tax Credit’ screen
Benefits of this facility Downloaded form 26AS can be used for preparation of
Income Tax return
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Form 26AS – download of text file
Form 26AS can be downloaded in text format (carat separated .txt file) by clicking here
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Eight digit receipt number
Eight digit receipt number will be issued for statements filed pertaining to FY 2010-11 and onwards
Deductor has to quote this receipt number on the TDS certificates provided to the deductees.
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Form 24G – electronic TDS/TCS Book Adjustment Statement (e-TBAS)
Monthly statement To be filed by Pay and Accounts Office of
Government departments (PAO/DTO/CDDO) Where tax is transferred vide book entry (transfer
voucher) To be filed in electronic form Accounts Office Identification Number (AIN) is
mandatory for preparation of Form 24G
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Procedure for allotment of AIN
Duly filled and signed AIN application form to be forwarded by PAO/DTO/CDDO to Jurisdictional CIT (TDS)
CIT (TDS) to verify and forward the application to NSDL
NSDL to allot AIN and send AIN allotment letter to PAO/DTO/CDDO
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Preparation of Form 24G
Open File format – clearly defined file format for preparation of returns in ASCII format
File Validation – Platform independent File validation utility (FVU) to ensure Correct format of return Return meets the prescribed validations
Return preparation utility – Free return preparation utility made available by TIN
PAO/DTO/CDDO can use any RPU for preparation of return
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Key performance parameters – Increase in compliance w.r.t filing TDS/TCS statements
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Notes: Due date for filing Q4 of FY 2009-10 was June 15, 2010
Counts are as on July 26, 2010
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TIN - For a better tomorrow
Key performance parameters – Increase in compliance w.r.t quoting of deductee PAN
108www.tin-nsdl.com
Notes: Due date for filing Q4 of FY 2009-10 was June 15, 2010
Counts are as on July 08, 2010
NSDL
TIN - For a better tomorrow
Key performance parameters – Generation of Form 26AS
109
Notes: Due date for filing Q4 of FY 2009-10 was June 15, 2010
Counts are as on July 26, 2010
www.tin-nsdl.com
NSDL
TIN - For a better tomorrow
Other facilities offered by NSDL under TIN
Acceptance of Annual Information Return Acceptance and processing of PAN / TAN
applications
110
www.tin-nsdl.com
NSDL
TIN - For a better tomorrow
Contact us at
TIN Call Centre (TCC)
National Securities Depository Limited
3rd Floor, Sapphire Chambers
Near Baner Telephone Exchange
Baner,
Pune – 411 045.
Tel: 020 – 2721 8080
Fax: 020 – 2721 8081
Email: tininfo@nsdl.co.in
Website: www.tin-nsdl.com111
www.tin-nsdl.com
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