TIN - For a better tomorrow
TAX INFORMATION NETWORK (TIN)TAX INFORMATION NETWORK (TIN)
National Securities Depository Limited
TIN - For a better tomorrow
• 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
TIN - For a better tomorrow
HOME PAGE-TIN WEBSITE
TIN - For a better tomorrow
E-payment of direct tax
TIN - For a better tomorrow
TIN - For a better tomorrow
TIN - For a better tomorrow
TIN - For a better tomorrow
TIN - For a better tomorrow
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
TIN - For a better tomorrow
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
TIN - For a better tomorrow
OLTAS-Challan Status Enquiry
TIN - For a better tomorrow
OLTAS-Challan Status Enquiry
TIN - For a better tomorrow
Challan Status Enquiry
TIN - For a better tomorrow
Challan Status Enquiry
TIN - For a better tomorrow
Challan Status Enquiry
TIN - For a better tomorrow
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)
TIN - For a better tomorrow
• 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
TIN - For a better tomorrow
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
TIN - For a better tomorrow
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.
TIN - For a better tomorrow
• 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
TIN - For a better tomorrow
Feedback to Deductors
• Online views
• Non filer letters
• Inconsistency letters
TIN - For a better tomorrow
Online Views
• Challan Status Enquiry
• Quarterly Statement Status
• Refund Status
• Annual Tax Statement (Form 26AS)
TIN - For a better tomorrow
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.
TIN - For a better tomorrow
Quarterly Statement Status
TIN - For a better tomorrow
Quarterly Statement Status
TIN - For a better tomorrow
Quarterly Statement Status
TIN - For a better tomorrow
Quarterly Statement Status
TIN - For a better tomorrow
Quarterly Statement Status
TIN - For a better tomorrow
Refund Status
TIN - For a better tomorrow
TIN - For a better tomorrow
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)
TIN - For a better tomorrow
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
TIN - For a better tomorrow
Form 26AS
TIN - For a better tomorrow
Real Life
Form 26AS
TIN - For a better tomorrow
Form 26AS
TIN - For a better tomorrow
• 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
TIN - For a better tomorrow
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
TIN - For a better tomorrow
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
TIN - For a better tomorrow
TIN - For a better tomorrow
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
TIN - For a better tomorrow
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
TIN - For a better tomorrow
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)
TIN - For a better tomorrow
THANK YOU