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TAX INFORMATION NETWORK (TIN)

TAX INFORMATION NETWORK (TIN). National Securities Depository Limited. TDS / TCS Payment. 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 )

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TAX INFORMATION NETWORK (TIN)

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  1. TAX INFORMATION NETWORK (TIN) National Securities Depository Limited TIN - For a better tomorrow

  2. TDS / TCS Payment • April 1,2008 onwards online tax paymentmandatory 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 TIN - For a better tomorrow

  3. HOME PAGE-TIN WEBSITE TIN - For a better tomorrow

  4. E-payment of direct tax TIN - For a better tomorrow

  5. TIN - For a better tomorrow

  6. TIN - For a better tomorrow

  7. TIN - For a better tomorrow

  8. TIN - For a better tomorrow

  9. 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

  10. 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

  11. OLTAS-Challan Status Enquiry TIN - For a better tomorrow

  12. OLTAS-Challan Status Enquiry TIN - For a better tomorrow

  13. Challan Status Enquiry TIN - For a better tomorrow

  14. Challan Status Enquiry TIN - For a better tomorrow

  15. Challan Status Enquiry TIN - For a better tomorrow

  16. 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

  17. Preparation of e-TDS – Points to remember • 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) TIN - For a better tomorrow

  18. 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

  19. e-TDS/TCS Statements - Charges TIN - For a better tomorrow

  20. e-TDS/TCS Statements – Key points • 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 TIN - For a better tomorrow

  21. Feedback to Deductors • Online views • Non filer letters • Inconsistency letters TIN - For a better tomorrow

  22. Online Views • Challan Status Enquiry • Quarterly Statement Status • Refund Status • Annual Tax Statement (Form 26AS) TIN - For a better tomorrow

  23. 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

  24. Quarterly Statement Status TIN - For a better tomorrow

  25. Quarterly Statement Status TIN - For a better tomorrow

  26. Quarterly Statement Status TIN - For a better tomorrow

  27. Quarterly Statement Status TIN - For a better tomorrow

  28. Quarterly Statement Status TIN - For a better tomorrow

  29. Refund Status TIN - For a better tomorrow

  30. TIN - For a better tomorrow

  31. 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

  32. 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

  33. Form 26AS TIN - For a better tomorrow

  34. Real Life Form 26AS TIN - For a better tomorrow

  35. Form 26AS TIN - For a better tomorrow

  36. Registration for view of 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 TIN - For a better tomorrow

  37. Proof of Identity Individual: PAN Card in original with a copy HUF: PAN Card of HUF and PAN Card of Karta Non-individual/HUF: PAN Card in original with a copy Authority Letter 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

  38. 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) TIN - For a better tomorrow

  39. 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

  40. 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

  41. 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

  42. Tel : 020-27218080 (hunting line) Fax: 020-27218081 email: tininfo@nsdl.co.in 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

  43. THANK YOU TIN - For a better tomorrow

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