Archive for October 26th, 2010

Online TAN Registration mandatory for all TAN holders

October 26th, 2010
Income tax department now makes mandatory to register their TAN (tax deduction account number) online on TIN-NSDL site.

Authenticated access (through user ID and password) will be provided to registered deductors. On login, the following will be available to the deductors:-

  1. view of the status of all statements filed;
  2. download of consolidated quarterly e-TDS / TCS statement for preparation of correction statement; and
  3. other functionalities related to quarterly TDS /TCS statement.

Second facility is most useful and desirable; the reason is that when a person required revising their eTDS return due to inconsistencies in eTDS return, the original data is required for amendments. Moreover after furnishing the return to TIN-FC, if assessee has no back up of original return then revised return cannot be prepared .so introduction of new facility is very useful for the TAN holder .