Archive for December, 2009

Taxpayers can now view details of paid refund in their Annual Tax Statement (Form 26AS)

December 15th, 2009

Taxpayers who have registered to view Form 26AS online can view details of paid refund in their Form 26AS from F.Y. 2009-10 (A.Y. 2010-11) onwards. Refunds received during the selected A.Y. will be displayed in Form 26AS. For instance, refunds pertaining to A.Y. 2005-06 which are received in F.Y. 2009-10 (A.Y. 2010-11) will be displayed in Form 26AS for F.Y. 2009-10 (A.Y. 2010-11).

The following details related to refund will be displayed:

  • A.Y. for which refund is paid
  • Mode of payment i.e. ECS, paper (refund cheque), etc.
  • Amount of refund
  • Date of payment
  • View Tax Credit
  • Register your PAN for Viewing Tax Credit online

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If a return doesnt contain deductee PAN

December 4th, 2009

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.

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Posted in TCS, TDS

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