In case PANs of some of the deductees are not mentioned in the e-TDS return, the Provisional Receipt will mention the count of missing PANs in the e-TDS return. The details of missing PANs (extent it can be collected from the deductees) may be furnished within seven days of the date of Provisional Receipt to TIN- FC. e-TDS return will be accepted even with missing PANs.
However, if PAN of deductees is not given in the TDS return, tax deducted from payment made to him cannot be posted to the statement of TDS to be issued to him u/s 203AA.
Archive for the ‘TDS’ category
If a return doesnt contain deductee PAN
December 4th, 2009Online Registration of TAN by TDS/TCS Deductors
November 27th, 2009The income tax department has asked all deductors to register their TAN on NSDL web site. Once registered, the deductors will be provided User ID and password for authenticated access.
Benefit of registration
The access will result in the following benefits to the deductors:
• View of status of all statements filed;
• Download of consolidated quarterly e-TDS / TCS statement for preparation of correction statement; and
• Other functionalities related to quarterly TDS /TCS statement.
Before registration
• Keep Provisional Receipt Number (PRN) of any eTDS Statement filed on or after 01-04-2008.
• Go to “Quarterly Statement Status”. Enter TAN and PRN Number. Ensure that this statement is accepted by TIN. You will have to enter details of such statement during registration.
• Keep PAN details
Registration Form
TAN registration should be done online at the website of the Tax Information Network www.tin-nsdl.com. Deductors must register all active TANs.
Use the following link to register the TAN: http://www.tin-nsdl.com/onlinetanintro.asp. Online form will appear. The details to be filled in are explained below:
Details of Deductor
• Enter TAN and Company Name
• Enter PAN. Mention “PANNOTREQD”, in case PAN is not available i.e. deductor is not required to have PAN as per the statute.
• Select appropriate deductor category from the dropdown.
• For Government deductors additional information is required to be filled in
1. PAO Code and DDO Code are mandatory for deductor category “Central Government”.
2. If PAO Code is not available then mention value “PAOCDNOTAVBL”.
3. If DDO Code is not available then mention value “DDOCDNOTAVBL”.
4. For PAO/ DDO Registration number, mention registration number allotted, if any, by Central Record Keeping Agency (CRA) under New Pension Scheme (NPS).
Contact Details of Deductor
• Mention complete address and contact details of deductor.
• Provide valid email id and telephone no. / Mobile no.
• Provide details of responsible person and designation.
Statement Details
• Mention details of any regular e-TDS / TCS quarterly statement accepted in TIN on or after April 01, 2008.
Generation of Acknowledgement
• After filling up the information, click “submit”. On submission of details if system shows any errors, rectify and re-submit the form.
• A confirmation screen with all the data filled by the user will be displayed. The same can be either confirmed or edited.
• On confirmation, an acknowledgement number will be displayed.
• Print the acknowledgment and preserve the same for future use.
• For future correspondence mention the TAN registration number provided by TIN along with the TAN.
• You can re-generate the “Acknowledgement for TAN Registration” by registering again.
Comments
This is very useful facility and will make the task of deductor simpler.
• The biggest advantage is ability to retrieve eTDS Statement filed earlier. Several deductors do not keep backup of eTDS statement FVU files and when a correction is to be filed, they have no recourse.
• Another problem being faced by deductors is to keep track of original FVU and correction FVU. Many times several correction statements need to be filed e.g. when valid PAN become available. Hopefully, NSDL should be able to provide the updated FVU online for further creation of correction.
• At present, a deductor has to go to several links for information retrieval e.g. Challan Status Enquiry, quarterly statement status, eTDS online filing. With this new facility it is expected that all these services will be available in a single window.
New Clause added
November 18th, 2009W.e.f. November 1, 2009 If office address is selected as communication address by Individual and HUF applicants applying for New PAN (Form 49A), then Proof of Address for office address is also required.
New FVU for Quarterly eTDS/TCS released
September 29th, 2009e-TDS / e-TCS returns prepared for FY 2005-06 and onwards (i.e. Forms 24Q, 26Q, 27Q and 27EQ) can be validated using this utility.
The e-TDS/TCS FVU setup file (e-TDS/TCS FVU.exe) comprises of three files namely:
- TDS FVU Readme.rtf: This file contains instructions for setup of the e-TDS FVU.
- e-TDS FVU Setup.exe: This is a setup program for installation of FVU.
- TDS_FVU_STANDALONE.jar: This is the FVU program file.
These files are in an executable zip file. These files are required for installing the e-TDS/TCS FVU.
UTN not mandatory for filing IT returns
September 12th, 2009The Central Board of Direct Taxes have further decided that the Notification No. 31 of 2009 dated 25.3.2009 amending or substituting Rules 30, 31, 31A and 31AA of the Income Tax Rules, 1962 shall be kept in abeyance for the time being.
Taxpayers filing their income tax returns for assessment year (AY) 2009-10, or any other earlier AY, may continue to file their returns without mentioning the Unique Transaction Number (UTN) as required under the said Notification. The filing of such returns shall be treated as valid and in compliance to the requirements under section 139 of the Income Tax Act, 1961.
Further, the date from which the Notification No. 31 / 2009 shall become applicable on tax deducted at source (TDS) or tax collected at source (TCS) and deposited during the current financial year shall be notified by the Central Board of Direct Taxes subsequently.
All deductors / collectors of TDS / TCS may continue to deposit their TDS / TCS and file their quarterly TDS / TCS returns as per procedure existing prior to issuance of Notification No.31 / 2009 dated 25.3.2009.
