Embed Size (px)
Citation preview
NSDL
Tax Information Network
(TIN)
TIN - For a better tomorrow
1
(TIN)
www.tin-nsdl.com
NSDL
Contents� Introduction
� Before TIN was set up......
� After TIN was set up…..
� Components of TIN
TIN - For a better tomorrow
2
� Online Tax Accounting System (OLTAS)
� Computerization of TDS functions
� Generation of PAN Ledger
www.tin-nsdl.com
NSDL
Contents
� TIN - The Big Picture
� Taxpayer Assistance
� E-payment of direct tax
� Status of challan
� NSDL RPU
TIN - For a better tomorrow
3
� Validating return using FVU
� Preparation & Submission of e-TDS/TCS Statement
� e-TDS/TCS Statements –
� Charges
� Key points
www.tin-nsdl.com
NSDL
Contents
� Feedback to deductor
� Online views
� Annual Tax Statement (Form 26AS)
� New at TIN
TIN - For a better tomorrow
4
� Key performance parameters
� Other facilities offered by NSDL under TIN
� Contact details – NSDL
www.tin-nsdl.com
NSDL
Introduction
TIN - For a better tomorrow
5
Introduction
www.tin-nsdl.com
NSDL
Challenges of Tax Administration
� Tax payers to file Income Tax returns every year
� Income Tax returns are scrutinized by the
Assessing officers
TIN - For a better tomorrow
6
Assessing officers
� To verify correct computation of tax and deposit thereof
� Assessment primarily based on return and
documents submitted by tax payers
www.tin-nsdl.com
NSDL
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
TIN - For a better tomorrow
7
� Not declaring information regarding total income
� Compliance – painful process for genuine taxpayers
www.tin-nsdl.com
NSDL
Strategies adopted by the department
� Third party deduction of tax (TDS)
� Third party reporting of income (TDS) and
expenditure (one in six)
TIN - For a better tomorrow
8
expenditure (one in six)
� Intrusive investigation
www.tin-nsdl.com
NSDL
Before TIN was set up......
TIN - For a better tomorrow
9
www.tin-nsdl.com
NSDL
Concerns for the department
� TDS in paper form - Maintenance and storage of
paper returns for deductor, deductee as well as the
department
TIN - For a better tomorrow
10
� Reconciliation and verification of information of
TDS deducted and actually deposited
� Loss of revenue to Government
www.tin-nsdl.com
NSDL
After TIN was set up......
TIN - For a better tomorrow
11
www.tin-nsdl.com
NSDL
TIN Project
� Director General of Income Tax (Systems) was
designated as e-TDS Administrator
� NSDL declared as e-TDS Intermediary for
TIN - For a better tomorrow
12
� NSDL declared as e-TDS Intermediary for
� Collection and consolidation of TDS returns, tax
payment challans & AIR to the central system
www.tin-nsdl.com
NSDL
TIN - Purpose
� Integrate primary information of tax collection
� Record keeping
Dissemination and retrieval
TIN - For a better tomorrow
13
� Dissemination and retrieval
� Ensure tax credit against tax received in
Government account
www.tin-nsdl.com
NSDL
TIN- Benefits
� Convenience in record keeping and filing of TDS
returns
� Reduced cost of compliance for tax payers
� Reduction in leakage
TIN - For a better tomorrow
14
� 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
www.tin-nsdl.com
NSDL
� Online Tax Accounting System (OLTAS)
� Computerization of TDS functions
Components of TIN
TIN - For a better tomorrow
15
� Generation of PAN Ledger
www.tin-nsdl.com
NSDL
Online Tax Accounting System
TIN - For a better tomorrow
16
(OLTAS)
www.tin-nsdl.com
NSDL
� 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
OLTAS
TIN - For a better tomorrow
17
� 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
www.tin-nsdl.com
NSDL
� 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
TIN - For a better tomorrow
18
returns
Bank branch Nodal BranchTax Deposit Link Cell
RBI
Tax Collecting Banks
TDS/IT
Online
OR
Physical
TIN- NSDL
www.tin-nsdl.com
NSDL
� Each challan uniquely identified by Challan
Identification Number (CIN)
� Challan serial no.
� Bank Branch code (BSR code)
� Challan Tender date
OLTAS
TIN - For a better tomorrow
19
Challan Tender date
� CIN provided by bank to every tax
payer/deductor on deposit of tax
www.tin-nsdl.com
NSDL
� Receipt of tax payment information within 3 days
� Central database containing tax paymentinformation
Benefits of OLTAS
TIN - For a better tomorrow
20
� Reconciliation with RBI
� Facility to taxpayers to view their paymentinformation online
www.tin-nsdl.com
NSDL
Computerization of TDS functions
TIN - For a better tomorrow
21
Computerization of TDS functions
www.tin-nsdl.com
NSDL
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
TIN - For a better tomorrow
22
� 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
www.tin-nsdl.com
NSDL
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
TIN - For a better tomorrow
23
� Rules 31A and 31AA of Income Tax rules
� Higher rate of TDS if PAN of deductee not
quoted in TDS return
www.tin-nsdl.com
NSDL
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
TIN - For a better tomorrow
24
� 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
www.tin-nsdl.com
NSDL
Acceptance of TDS returns
� Online and offline facility to deductors for
preparing and submitting electronic return
TIN - For a better tomorrow
25
Deductor
Tax Collecting
Bank
TDS
Online
Facilitation
Centre
E-TDS Return
TIN- NSDL
ERACS
www.tin-nsdl.com
NSDL
Acceptance of TDS returns
� Direct upload of returns using Internet
� Returns digitally signed by deductor
� Digital Signature Certificate (Class II or III)
TIN - For a better tomorrow
26
� Returns submitted at TIN-FCs
� Returns in computer media
� Authentication of submission in summary sheet (Form
27 A) signed by deductor
www.tin-nsdl.com
NSDL
Generation of PAN Ledger
TIN - For a better tomorrow
27
Generation of PAN Ledger
www.tin-nsdl.com
NSDL
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
TIN - For a better tomorrow
28
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.
www.tin-nsdl.com
NSDL
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
TIN - For a better tomorrow
29
� 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
www.tin-nsdl.com
NSDL
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
TIN - For a better tomorrow
30
� To verify whether Tax credits due to them are correctly
reflecting in the Annual Tax statement
www.tin-nsdl.com
NSDL
TIN
The Big Picture
TIN - For a better tomorrow
31
The Big Picture
www.tin-nsdl.com
NSDL
DEDUCTOR TAX PAYER
ERACSTIN - FC
DIRECT
UPLOAD
DIRECT
UPLOAD
OLTAS(BANKS)
CPLGS
FILER
TIN - For a better tomorrow
32
CPLGS
TIN VIEWSTIN VIEWS
DEDUCTOR VIEW
(RETURN STATUS)
TAX PAYER VIEW
(26AS)ITD VIEW
www.tin-nsdl.com
NSDL
Taxpayer Assistance
� Stakeholder Education
� Information dissemination through websites
� www.incometaxindia.gov.in
� www.tin-nsdl.com
� Deductor’s manual for providing guidance on
TIN - For a better tomorrow
33
� Deductor’s manual for providing guidance on
procedures
� Focused Awareness Seminars for deductors
� Special training programs for Tax practitioners to
create and spread awareness
www.tin-nsdl.com
NSDL
HOME PAGE-TIN WEBSITE
TIN - For a better tomorrow
34
www.tin-nsdl.com
NSDL
E-payment of direct tax
TIN - For a better tomorrow
35
www.tin-nsdl.com
NSDL
E-payment of direct tax
TIN - For a better tomorrow
36
www.tin-nsdl.com
NSDL
E-payment of direct tax
TIN - For a better tomorrow
37
This challan should be used
for deposit of TDS/TCS
www.tin-nsdl.com
NSDL
E-payment of direct tax
TIN - For a better tomorrow
38
Provide these details correctly.
Banks do not have authority to
rectify errors in these fields
www.tin-nsdl.com
NSDL
E-payment of direct tax
TIN - For a better tomorrow
39
E-payment of taxes to be done
through your net banking account
www.tin-nsdl.com
NSDL
OLTAS-Challan Status Enquiry
TIN - For a better tomorrow
40
www.tin-nsdl.com
NSDL
OLTAS-Challan Status Enquiry
TIN - For a better tomorrow
41
Enter challan details as
provided in the challan
counterfoil given by the
bank
www.tin-nsdl.com
NSDL
OLTAS - Challan Status Enquiry
TIN - For a better tomorrow
42
Check status of challans
deposited before preparing
TDS statement
www.tin-nsdl.com
NSDL
Challan Status Enquiry
TIN - For a better tomorrow
43
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
www.tin-nsdl.com
NSDL
Challan Status Enquiry
TIN - For a better tomorrow
44
www.tin-nsdl.com
NSDL
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
TIN - For a better tomorrow
45
�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
www.tin-nsdl.com
NSDL
NSDL RPU
Select the Form No for
which statement needs
to be prepared
TIN - For a better tomorrow
46
www.tin-nsdl.com
NSDL
NSDL RPU
TIN - For a better tomorrow
47
Select the type of statement
(Regular or correction) to be
prepared and click to continue
www.tin-nsdl.com
NSDL
Enter deductor details
Fields marked * are
TIN - For a better tomorrow
48
Provide updated email
id or contact phone no.
Fields marked * are
mandatory fields
www.tin-nsdl.com
NSDL
Enter challan details – details of taxes paid
TIN - For a better tomorrow
49
Select relevant section code
www.tin-nsdl.com
NSDL
Enter challan details – details of taxes paid
TIN - For a better tomorrow
50
Mention Yes if you are a
Government deductor and tax is
not deposited in the bank
through a challan
www.tin-nsdl.com
NSDL
Enter challan details – details of taxes paid
TIN - For a better tomorrow
51
Challan details should be as
provided by the bank (Verify
challan status uploaded by bank
before preparing statement
www.tin-nsdl.com
NSDL
Enter deductee details (Annexure I)
TIN - For a better tomorrow
52
Select relevant challan
serial no
www.tin-nsdl.com
NSDL
Enter deductee details (Annexure I)
TIN - For a better tomorrow
53
Details of selected challans will
be automatically displayed in the
fields highlighted in grey
www.tin-nsdl.com
NSDL
Enter deductee details (Annexure I)
TIN - For a better tomorrow
54
Sequence of serial no. of
deductee records should be
different for each challan
www.tin-nsdl.com
NSDL
Enter deductee details (Annexure I)
TIN - For a better tomorrow
55
Provide valid PAN of
deductees
www.tin-nsdl.com
NSDL
Enter deductee details (Annexure I)
TIN - For a better tomorrow
56
Total tax deposited
should be greater than
or equal to total tax
deducted
www.tin-nsdl.com
NSDL
Enter salary details (Annexure II – Form 24Q)
Enter salary details for
the entire Financial Year
TIN - For a better tomorrow
57
Provide valid PAN of
employees
www.tin-nsdl.com
NSDL
Enter salary details (Annexure II – Form 24Q)
TIN - For a better tomorrow
58
Enter salary details for
the entire Financial Year
www.tin-nsdl.com
NSDL
Enter salary details (Annexure II – Form 24Q)
TIN - For a better tomorrow
59
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’
www.tin-nsdl.com
NSDL
Verify challan details by providing
path of challan details downloaded
from the TIN website (.csi file)
Enter salary details (Annexure II – Form 24Q)
TIN - For a better tomorrow
60
www.tin-nsdl.com
NSDL
Enter salary details (Annexure II – Form 24Q)
TIN - For a better tomorrow
61
Provide path where output
file/error file to be generated
and click on Validate
www.tin-nsdl.com
NSDL
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
TIN - For a better tomorrow
� On successful validation .fvu and .txt file will be
generated
� In case of failure of validation error file and .txt
file will be generated
62
www.tin-nsdl.com
NSDL
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)
TIN - For a better tomorrow
63
� .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
www.tin-nsdl.com
NSDL
Preparation of e-TDS/TCS statement
– Validations Verify challan details by providing path
of challan details downloaded from the
TIN website (.csi file)
TIN - For a better tomorrow
64
Provide path where output
file/error file to be generated
and click on Validate
www.tin-nsdl.com
Back
NSDL
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
TIN - For a better tomorrow
65
�.fvu file in CD / floppy
�Physical Form 27A
�Statistic report in physical
�Photo copy of Provisional receipt of regular statement
www.tin-nsdl.com
NSDL
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. 26Q For non-salary
deduction (Rent ,
Quarterly (From FY 2005-06 onwards)
TIN - For a better tomorrow
66
Q1 – 15th July
Q2 – 15th October
Q3 – 15th January
Q4 – 15th May
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.
www.tin-nsdl.com
NSDL
e-TDS/TCS Statements - Charges
No. of records Upload fee (`.)*
Upto 100 30
101 to 1000 182
More than 1000 606
TIN - For a better tomorrow
67
*Inclusive of taxes
No charge for statement not accepted.
www.tin-nsdl.com
www.tin-nsdl.com
NSDL
� Check status of challans before preparation of
TDS statement – regular/correction
� Save .fvu file of all TDS/TCS statements filed
e-TDS/TCS Statements – Key points
TIN - For a better tomorrow
68
� Save .fvu file of all TDS/TCS statements filed
� Preserve all Provisional Receipts (PRN)
www.tin-nsdl.com
NSDL
� File correction return to
� make changes in the TDS /TCS return filed (regular)
� Remove deficiencies/inconsistencies in the TDS/TCS
return filed
e-TDS/TCS Statements – Key points
TIN - For a better tomorrow
69
� Correction return can be filed only if ‘original’
return is accepted in TIN
� Check status of return prior to filing correction
return
www.tin-nsdl.com
NSDL
Feedback to Deductors
� Online views
� Non filer letters
� Inconsistency letters
TIN - For a better tomorrow
70
www.tin-nsdl.com
NSDL
Online Views
�Challan Status Enquiry
�Quarterly Statement Status
TIN - For a better tomorrow
71
�Quarterly Statement Status
�Refund Status
�Annual Tax Statement (Form 26AS)
www.tin-nsdl.com
NSDL
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)
TIN - For a better tomorrow
72
� 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.
www.tin-nsdl.com
NSDL
Quarterly Statement Status
TIN - For a better tomorrow
73
www.tin-nsdl.com
NSDL
Quarterly Statement Status
TIN - For a better tomorrow
74
Provide TAN and PRN of statement for
which status needs to be viewed
www.tin-nsdl.com
NSDL
Quarterly Statement Status
TIN - For a better tomorrow
75
www.tin-nsdl.com
NSDL
Quarterly Statement Status
TIN - For a better tomorrow
76
www.tin-nsdl.com
NSDL
Quarterly Statement Status
If challan status is Match pending or Match
failed, deficiencies in the statement to be
rectified vide correction statement
TIN - For a better tomorrow
77
www.tin-nsdl.com
NSDL
Quarterly Statement Status
TIN - For a better tomorrow
78
Status of deductee whether booked or not can
be verified by providing PAN and amount
deducted
www.tin-nsdl.com
NSDL
Refund Status
TIN - For a better tomorrow
79
www.tin-nsdl.com
NSDL
Refund Status
TIN - For a better tomorrow
80
www.tin-nsdl.com
NSDL
� 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:
Annual Tax Statement (Form 26AS)
TIN - For a better tomorrow
81
�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).
www.tin-nsdl.com
NSDL
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
TIN - For a better tomorrow
82
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
www.tin-nsdl.com
NSDL
Form 26AS
TIN - For a better tomorrow
83
www.tin-nsdl.com
NSDL
Form 26AS
TIN - For a better tomorrow
84
TIN - For a better tomorrow www.tin-nsdl.com
NSDL
Form 26AS
TIN - For a better tomorrow
85
www.tin-nsdl.com
NSDL
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: -
TIN - For a better tomorrow
86
� Following details will be displayed: -
� AY for which refund is paid
� Mode of payment – ECS, paper(cheque) etc
� Amount of refund
� Date of payment
www.tin-nsdl.com
NSDL
Views for Tax Payers- Form 26AS –
addition of refund (paid) details
TIN - For a better tomorrow
87
www.tin-nsdl.com
NSDL
•Registration at TIN website (www.tin-nsdl.com)
• Successful Registration-Acknowledgment Slip will be
displayed
•Verification and Authorization by TIN-FC
Registration for view of Form 26AS
TIN - For a better tomorrow
88
•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
www.tin-nsdl.com
NSDLProof 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
Authority Letter
Verification & Authorization
TIN - For a better tomorrow
89
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
www.tin-nsdl.com
NSDL� Online TAN registration
� Consolidated TDS/TCS statement
� Download of Form 26AS
� View of Form 26AS through Net banking
� Citibank N.A.
Corporation Bank
New at TIN
TIN - For a better tomorrow
90
� Corporation Bank
� IDBI Bank Ltd.
� Indian Overseas Bank
� State Bank of India
� State Bank of Mysore
� Union Bank of India
www.tin-nsdl.com
NSDL
� View of Form 26AS from e-filing portal of ITD
� Eight digit receipt number for TDS/TCS regular
statement
�
New at TIN
TIN - For a better tomorrow
91
� Monthly statement – Form 24G to be filed by PAO
www.tin-nsdl.com
NSDL
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
TIN - For a better tomorrow
� Request for consolidated quarterly TDS/TCS
statement on login
92
www.tin-nsdl.com
NSDL
Online TAN registration
TIN - For a better tomorrow
93
www.tin-nsdl.com
NSDL
Online TAN registration
TIN - For a better tomorrow
94
www.tin-nsdl.com
NSDL
Online TAN registration form
Enter relevant details.
TIN - For a better tomorrow
95
Enter relevant details.
Fields marked * are
mandatory
www.tin-nsdl.com
NSDL
Online TAN registration form
TIN - For a better tomorrow
96
Enter details of accepted
regular statement for
verification
www.tin-nsdl.com
NSDL
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
TIN - For a better tomorrow
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
97
www.tin-nsdl.com
NSDL
Contents of Consolidated TDS/TCS statement
� Details as per latest statement: Updated details ofdeductor/challan/deductee/salary records will beprovided.
� Challan matching flag: Challan matching flag whichindicates the status of challan / transfer voucher
TIN - For a better tomorrow
indicates the status of challan / transfer voucher� ‘M’ – Matched,
� ‘U’ – Unmatched,
� ‘P’ – Provisionally booked.
� No updates should be carried out on challans/transfervoucher with status ‘M’ or ‘P’.
98
www.tin-nsdl.com
NSDL
Contents of Consolidated TDS/TCS statement
� Expected record no. for challan/deductee/ salary detailrecord 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 atTIN.
TIN - For a better tomorrow
There are 5 challans in regular statement which is accepted atTIN.
� 1 challan is added by furnishing correction statement which isrejected at TIN.
� 2 challans added by furnishing another correction statement which isaccepted at TIN.
� If one more challan is to be added vide another correction statement,sequence number of the expected challan record in the consolidatede-TDS / TCS statement will be 8.
99
www.tin-nsdl.com
NSDL
Contents of Consolidated TDS/TCS statement
� Provisional receipt number (PRN): In correctionstatement, deductor/collector is required to quotePRN as under to identify the statement in TINcentral system for update:
� Corresponding regular statement
Latest accepted/partially accepted correction statement
TIN - For a better tomorrow
� Latest accepted/partially accepted correction statement
� To facilitate the deductor/collector in quotingcorrect PRN of Regular and Correction statement,same is provided in the consolidated TDS/TCSstatement.
100
www.tin-nsdl.com
NSDL
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
TIN - For a better tomorrow
� Benefits of this facility
� Downloaded form 26AS can be used for preparation of
Income Tax return
101
www.tin-nsdl.com
NSDL
Form 26AS – download of text file
TIN - For a better tomorrow
102
Form 26AS can be downloaded in text format
(carat separated .txt file) by clicking here
www.tin-nsdl.com
NSDL
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
TIN - For a better tomorrow
� Deductor has to quote this receipt number on the
TDS certificates provided to the deductees.
103
www.tin-nsdl.com
NSDL
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
TIN - For a better tomorrow
� 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
104
www.tin-nsdl.com
NSDL
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
TIN - For a better tomorrow
� CIT (TDS) to verify and forward the application
to NSDL
� NSDL to allot AIN and send AIN allotment letter
to PAO/DTO/CDDO
105
www.tin-nsdl.com
NSDL
Preparation of Form 24G
� Open File format – clearly defined file format forpreparation of returns in ASCII format
� File Validation – Platform independent Filevalidation utility (FVU) to ensure
� Correct format of return
TIN - For a better tomorrow
� Correct format of return
� Return meets the prescribed validations
� Return preparation utility – Free returnpreparation utility made available by TIN
� PAO/DTO/CDDO can use any RPU forpreparation of return
106
www.tin-nsdl.com
NSDL
Key performance parameters – Increase in
compliance w.r.t filing TDS/TCS statements
TIN - For a better tomorrow
107
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
Key performance parameters – Increase in
compliance w.r.t quoting of deductee PAN
70
80
90
100
%age of Valid PANs
of valid PANs
TIN - For a better tomorrow 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
0
10
20
30
40
50
60
2006-07 2007-08 2008-09 2009-10
%age of Valid PANs
Financial Year
%ageof valid PANs
NSDL
Key performance parameters – Generation of
Form 26AS
2
3
Counts of PAN ledgers generated
PAN ledger
Financial years
No. in
TIN - For a better tomorrow
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
0
1
2
2005-06 2006-07 2007-08 2008-09 2009-10
PAN ledger
creation FY
. in crores
NSDL
Other facilities offered by NSDL under TIN
� Acceptance of Annual Information Return
� Acceptance and processing of PAN / TAN
applications
TIN - For a better tomorrow
110
www.tin-nsdl.com
NSDL
Contact us at
TIN Call Centre (TCC)
National Securities Depository Limited
3rd Floor, Sapphire Chambers
Near Baner Telephone Exchange
Baner,
TIN - For a better tomorrow
Baner,
Pune – 411 045.
Tel: 020 – 2721 8080
Fax: 020 – 2721 8081
Email: [email protected]
Website: www.tin-nsdl.com
111
www.tin-nsdl.com
