USER MANNUAL FOR TAX DEDUCTED AT SOURCE (TDS) CREDIT

Dear Members,

The User Manual enclosed will assist your Team to operate the TDS Module, where you will

be able to lodge a request to book-credit for TDS paid through a separate challan and also view

the status of request.

The TDS refunds would be processed on submission of TDS Challan/s.

Further, this Module will also assist you in submitting digitally signed TDS Certificate w.r.t

TDS challans earlier submitted.

Non-submission of TDS Certificates, within deadlines, may compel the MCX / MCXCCL to

recover the TDS Credits.

Mandatory requirement:

1) Use Separate TDS challan for MCX and or MCXCCL for which TDS credit is to

be claimed,

2) Upload digitally signed TDS certificates.

HOW TO LOGIN IN PORTAL –

Visit https://integrated.mcxindia.com/, click on TDS CREDIT, member will redirected to TDS

Credit portal, for login.

User Name is Member ID and password will be of member portal.

After login below dashboard will be visible.

MEMBER PROFILE

In Member Profile screen, members will able to see their basic details. The editable

fields to the members will be:

Tax Deduction Account Number (TAN) of deductor

TAN Allotement Letter issued by Income Tax Department (optional)

Deductor name as per Income Tax ( i.e. For Individual/HUF etc)

If name differ with Exchange record member have to select “Yes” button

Member have to fill up alternate Contact Phone No. and alternate E-mail ID

All fields marked with “*” have mandatorily to be filled

Click on “Save” Button

For any changes in profile, members have to contact Exchange at for MCX

tdsrefund@mcxindia.com and for MCXCCL tdsrefund@mcxccl.com through their

registered email id

BILLING DETAILS

The Billing details screen provides flexibility of selecting and paying full/partial amount of the

bill.

Member will be able to see below screen pre filling the bill details:

The fields (Bill date, Charged By, Particulars/Charge Head, Gross Amount) will be pre-

filled and non-editable.

The status of each bill will be disclosed as Open or Closed in challan list post creation

and submission of challan.

(Open: Bills, which have not been considered by Member for TDS Credit and or partly

considered for TDS Credit)

(Closed: Entire Bill amount has been considered by member for TDS Credit)

Further, each Open bill is broken into sub–heads and the respective bill amount

(excluding tax) is available on the screen.

Following are steps to be followed under Billing Details:-

Click on Bill date

After clicking on bill date below screen will be displayed (Screen No.1)

Member will have to enter amount in Bill amount considered for TDS Credit (Please

note that the bill amount entered cannot be more than the balance amount)

Member will have to select Income tax section under which TDS deducted

Member will click on save button after filling the details.

Post saving the details, member will be able to see the data in section column and

amount change in balance bill amount (If Changed)

Screen No.1

Screen No.2

CREATE CHALLAN

Create Challan screen is to lodge a request to book credit of TDS paid.

Please create a separate Challan for TDS deducted under each section for each entity

(MCX/MCXCCL) (e.g. one challan for TDS deducted u/s 194J and a separate Challan

for TDS deducted u/s 194C)

Following are the steps to create the challan:

Select section under which TDS deducted

Select Assessment Year

Select Month

On selecting the above three parameters member will be able to create challan form.

Total amount paid/credited, TDS rate and TDS amount as per Billing details will

appear in non-editable mode

Member will enter date of payment of TDS, BSR Code, challan number, CIN No.

and TDS paid

TDS paid should be same as TDS Amount

Member will Attach paid challan copy

Then click on “Save” button and thereafter “Submit” button (See below screen)

Post submitting, “Challan Submit Successful” message will be displayed on the

screen

CHALLAN LIST

In Challan List screen, Member will be able to view the status of each challan.

Member can access details of all challans send to Exchange for claiming TDS credit. A

separate Unique Reference No. is generated after submitting each challan section-wise.

Member can view status of TDS Credit under Challan List as under –

After submitting challan request to Exchange, the status will be Open (Screen-1)

On verifying by MCX/MCXCCL status will change to In-Process / Reject (Screen-

2)

After approving by MCX/MCXCCL status will be Closed and will be parked in

Closed Challans screen

In case where status is observation, member will have to resubmit the challan

details to Exchange after fixing the observation

In cases where Challans are marked as rejected, Members will have to follow

the process indicated in “Billing Details” & “Create Challan” mentioned above

Screen-1

Screen-2

CLOSED CHALLANS

Under this Menu, Members will be able to obtain details of challans processed and

details of the amount refunded by MCX/MCXCCL.

At any point of time, member will be able to see the challan details on clicking unique

reference number.

TDS Certificate Submission

On completion of the Quarter and after generation of the digitally signed TDS

certificate from the Income Tax Traces System, the details of the TDS Certificate to

be entered for TDS Certificate Submission

TDS Request

TDS Request screen is for creating TDS certificate by Members and submitting it to

Exchange.

Scenario A

Following are the steps to be followed for certificate creation:

Select Assessment Year for which TDS paid;

Select Quarter for which certificate is to be submitted;

Member will have to enter Unique TDS Certificate No. mentioned in certificate in

capital letter and click on “Create Certificate”

Select Income tax sections and click on Add button

After clicking Add button, challan detail is populated.

Member will have to enter Tax base amount and tax paid amount as per Certificate

and click on SAVE button. (note: TDS amount should match with challan amount)

(Screen 1)

After saving, member will have to attach digitally signed certificate.

On clicking SUBMIT button Following POP UP message will be received. “Please

make sure you have added and saved all sections properly. Do you want to submit

it?” click Ok if data is correct or Cancel if certificate is incorrect.( Screen – 2)

Screen - 1

Screen - 2

Scenario B

If Certificate amount is less than the total of Net TDS column, a pop-up will appear,

stating TDS claimed and Certificate amount do not match.

Please follow procedure mentioned in scenario A, again to add and save all sections

properly.

Please note that if any excess amount is claimed through challan, MCX/MCXCCL

would recover the same along with applicable rate of interest at the time of

submitting TDS Certificate.

Scenario C

If the Certificate amount is greater than the total of Net TDS column, a pop up will

appear stating: “Certificate amount is more than the credit given”, member have to

submit paid challan with billing details.

TDS CERTIFICATE STATUS

After save and submitting certificate, click on Certificate list, member can see the status

all Certificates send to Exchange (Separate Unique Reference No. is generated after

submitting each certificate quarter-wise).

Member can view status Certificate List as under –

After submitting Certificate, member the status is Open

After checking by Exchange status will be Checked (screen-1)

After approving by Exchange status will be Closed (screen-2)

At any point of time member will be able to check the certificate details on clicking

Unique Certificate Number.

Screen-1

Screen -2

CREATE REVISED CERTIFICATE

Revised Certificate submitted through this portal only when the Original Certificate

accepted on this portal and there is additional TDS, which needs to be submitted.

Member have to first submit challan with billing details as per Para No.2 & 3 and claim

TDS Refund.

Click on Create Revised Certificate

List of all closed certificate shows in Screen

Select certificate which should be revised by clicking Revised button

On clicking revise button following screen will open:

Click on section under original certificate will show auto filled details which is to

be revised.

Click on section under revised certificate which should revise click on Add Section

Member have to enter Tax Base/Bill Amount and Amount of Tax deposited and

then click on Save Section and Submit Certificate

Note before submitting revised certificate ensure challans of all bills for

selected quarter is closed and no bill pending for the said quarter, member

may revise the Certificate only once. Application will not allow to submit the

revised certificate if any partial bills are not closed. (Screen -1)

After submitting revised certificate (Screen -2), certificate will be park in Revised

Certificate List

(Screen -1)

(Screen -2)

Member can view status in Revised Certificate List as under –

After submitting Revised Certificate, member can see status Submitted and state

is Open (Screen-1)

After checking by Exchange status will be In-process at Exchange side

After approving by Exchange status will be Closed and parked said request in

Revised Certificate List

Screen-1