JS@eTDS - TDS Software with free trial - BLOG

SMS Based Service For Challan Status

admin — Fri, 03 Sep 2010 11:56:31 +0000

National Securities Depository Limited (NSDL) provides CIN (Challan Identification Number) based view of direct tax challans to taxpayers to know the status of challan on its web-site. In addition to the above facility, NSDL has launched a Short Message Service (SMS) based facility to know the status of its challans. The procedure for availing this facility is as under:

The tax payer can send an SMS to 575758 with a message containing the word CSI followed by a space and CIN provided by the respective Bank at the time of making the Direct tax payment.

The CIN should be separated by comma (,).

Challan Identification Number (CIN ) consists of details such as BSR Code of Collecting Branch (seven digit) , Challan Tender Date (DDMMYYYY) and Challan Serial No (length less than or equal to 5 digit) and Amount.

The amount is an optional field. If the amount is entered by the tax payer he would get the confirmation whether amount entered is matched or otherwise as per NSDL database.

For e.g., if the tax payer input “CSI 0510001,11032009,5,5000” where in 0510001” is the BSR code of the collecting branch, “11032009” is the Challan tender date, “5” is the Challan serial number and “5000 is the amount paid by the taxpayer.The tax payer will get the information against which TAN/PAN the payment has been accounted with the confirmation whether amount entered is matched or not. (This is an illustrative challan identification number, actual CIN should be provided in the SMS).

There will be special charges for these SMS. These charges may vary from one mobile service-provider to another. The charge structure can be obtained from the concerned service-provider. The status of the CIN based view will continue to be available from NSDL-TIN web-site www.tin-nsdl.com or NSDL Call Centre at 020-27218080 or Aykar Sampark Kendra at 0124- 2438000.

New Changes in TDS Certificate – announced by IT Dept.

admin — Wed, 25 Aug 2010 09:24:03 +0000

In the recent announcement as published in the NSDL-TIN web portal, from the FY 2010-11, instead of printing the Provisional Receipt No. (as provided in the Acknowledgement received on of submission of the TDS return), the Receipt No. is to be printed.

Receipt number to be quoted in Form 16/16A will be generated by TIN. The Receipt number will be generated for the quarterly TDS/TCS statements pertaining to FY 2010-11 and onwards uploaded to TIN. Receipt number generated will be of eight digits (alphabets) and will be applicable only for statements pertaining to FY 2010-11 and onwards. The Eight digit receipt number can be obtained by viewing the status of the quarterly TDS/TCS statement at under Quarterly Statement Status feature available at TIN website (www.tin-nsdl.com).

Receipt number provided by TIN is in addition to the provisional receipt number provided on acceptance/upload of quarterly TDS/TCS statement. Provisional receipt number will be referred as Token no for the statements pertaining to FY 2010-11 and onwards.

TDS / TCS Rates – FY:2010-11

admin — Sun, 25 Jul 2010 12:39:47 +0000

View the complete document of TDS / TCS rates for Financial Year 2010-11 from the following link:

TDS-TCS-rates-FY-2010-11

Companies can soon access TDS returns online

admin — Thu, 15 Jul 2010 11:24:46 +0000

Companies will soon be able to view the Tax Deduction at Source (TDS) returns filed by them online, and make any changes if required. They can correct any clerical errors such as quoting a wrong TAN or PAN number.

Mr Ravi Aggarwal, Directorate-General of Income-tax (Systems), said here on Saturday that from next week, the assesses can access their TDS returns online on the NSDL Web site.

Companies will have to register with NSDL to access their returns.

The users will be asked two or three random questions, based on the TDS returns, to confirm their identity.

After this, they will be able to download the most recent TDS return, Mr Aggarwal said.

If there are any corrections, the company can make the changes, he added. Mr Aggarwal was speaking on the sidelines of a workshop on TDS organised by the Indian Merchants’ Chamber.

Welcome move

For employees too, it is a welcome step as they can now approach their employers if they find any mistake in the detailed tax credits or the PAN number; changes can then be made.

Employees are sometimes denied the credit for taxes paid on the pretext that the Form 16A has not been properly filled up or the date of payment of taxes has not been mentioned.

The employees also face problems getting tax credits if the employer enters the wrong PAN number in the TDS certificate.

And since employers file the TDS returns with banks, tax payers also lose out on tax credit if banks make a mistake while quoting the PAN number or entering any transaction details.

Mr S.S.N Moorthy, Chairman, Central Board of Direct Taxes (CBDT), said that almost 37 per cent of the direct tax collections in India comes from the TDS route.

‘Sensitise employees’

He emphasised the need to sensitise company employees dealing with TDS, to avoid mistakes and confusion.

TAN Correction Form – Download and Print

admin — Tue, 22 Jun 2010 05:20:07 +0000

For making changes or corrections in the TAN data for the TAN alloted to you, download the TAN Correction Form. Use the Form for making corrections like change of address, name of firm, and other related changes to TAN.

Download the Form from the link below:

http://www.etaxindia.org/wp-content/uploads/2010/06/tan-correction-form.pdf