TAX INFORMATION NETWORK (TIN)

TIN - For a better tomorrow

TAX INFORMATION NETWORK (TIN)TAX INFORMATION NETWORK (TIN)

National Securities Depository Limited


• April 1,2008 onwards online tax payment mandatory by – corporate – entities to whom provisions of section 44AB are

applicable• Online challan at NSDL website (www.tin-nsdl.com)

– Enter TAN and non-financial information at NSDL – Online payment at bank– Online challan counterfoil generated by bank on

successful tax payment• Eliminates digitisation errors by banks

TDS / TCS Payment

http://www.tin-nsdl.com/


HOME PAGE-TIN WEBSITE


E-payment of direct tax






TDS / TCS payment – Points to remember

• Quote correct TAN, name & address on each challan

• Use same TAN consistently for all types of payment

• Use separate challans – to deposit tax deducted under each section – to deposit tax deducted for different types of

deductees• Indicate correct nature of payment • Mention the correct A.Y. • Verify CIN details uploaded by the banks to TIN• Insist on computerised challan counterfoil

from bank


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 optional• CIN and amount should be comma separated

– Eg. CSI 0510001,11032009,5,5000– Status will display

• TAN / PAN • Whether amount matched or not• Received in TIN (date)

– SMS charges may vary from one service provider to another


OLTAS-Challan Status Enquiry


OLTAS-Challan Status Enquiry


Challan Status Enquiry






Preparation of e-TDS return – Points to remember

• Prepare return – as per the file format specified by ITD

• Using – NSDL RPU (latest version on the TIN website)

– third party software – in house

• Use the same TAN to deposit tax and TDS / TCS return • Quote the correct TAN, name & address of deductor• Obtain & quote correct PAN of all the deductees

– In 24Q, 95% mandatory deductee PAN– In 26Q & 27EQ, 85%mandatory deductee PAN

• Return can be filed only for deductee records having valid PAN

• Provide Salary details (Annexure 2) only for Quarter 4 (Form 24Q)


• Mention the correct CIN as provided by the bank

• Challan amount should be same as that deposited in the bank

• Do not mention the challan form no. (i.e. ITNS 281) as challan serial no. in the statement

• Validate the statement through File Validation Utility (latest version on the TIN website)

Preparation of e-TDS – Points to remember


Submission of e-TDS Statement

• Submit TDS / TCS statement – to TIN-FC

• .fvu file in CD / floppy

• Physical Form 27A

– Direct upload to NSDL • Register online at NSDL website

• DSC based authentication

• CD/ floppy and physical Form 27A not required

• Online view of status of return


e-TDS/TCS Statements - Charges

No. of records Upload fee (Rs.)*

Upto 100 30

101 to 1000 182

More than 1000 606

*Inclusive of taxes

No charge for statement not accepted.


• Save .fvu file of all TDS/TCS statements filed• Preserve all Provisional Receipts (PRN)• File correction return to make changes 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


Feedback to Deductors

• Online views

• Non filer letters

• Inconsistency letters


Online Views

• Challan Status Enquiry

• Quarterly Statement Status

• Refund Status

• Annual Tax Statement (Form 26AS)


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.


Quarterly Statement Status










Refund Status



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)


Benefits of Form 26AS

PAN 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


Form 26AS


Real Life

Form 26AS


Form 26AS


• Registration at TIN website (www.tin-nsdl.com)

• Successful Registration-Acknowledgment Slip will be displayed

• Verification and Authorisation by TIN-FC

Verification mode PAN holder to visit TIN-FC – Rs. 17 TIN-FC to visit PAN holder – Rs. 110

Registration for view of Form 26AS

http://www.tin-nsdl.com/


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 authorisation Form 26AS can be viewed online

Verification & Authorisation


Inconsistencies – Common errors

• Challan details– BSR Code– Cheque tender date– Challan serial number– TAN– Amount– Do not split challans as per deductees

• Deductee details– Deductee serial numbers (for each challan, start from 1)

Form 26AS feedback from PAN holders

• Credit does not belong to PAN holder

• Deductor not taking corrective action

• More than one entry for the same payment

• Incorrect / incomplete credit

• Credit not available



Rectification of errors

• Errors in challan by Bank or Taxpayer

– Bank can rectify three types of errors:• Name of the deductor• Amount• Major Head code

– For any other corrections, contact Assessing Officer

• Errors in TDS/TCS statements– File correction statement


What’s new

• Challan status through SMS• Online reset password facility to view Form 26AS• Direct display of Form 26AS to net banking customers of

banks• BSR code check in FVU

• TAN registration• Additional validations in e-TDS / TCS returns• Verification of challan details uploaded by banks

with challan details in e-TDS / TCS return in FVU


Tel : 020-27218080 (hunting line)

Fax: 020-27218081

email: [email protected]

Timings: 9.30 a.m. to 8.00 p.m.

Monday - Friday

9.30 a.m. to 6.00 p.m.

Saturday

TIN Call Centre (TCC)

mailto:[email protected]


THANK YOU

Documents

TAX INFORMATION NETWORK (TIN)