Posts Tagged ‘TIN’

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 .

NSDL released Return Preparation Utility (version 2.2) for F.Y. 2010-11

October 11th, 2010
NSDL released Return Preparation Utility (RPU version 2.2) for FY 2010-11 on October 9, 2010. The Key Features of RPU version 2.2 are hereunder:

A. Preparation of quarterly e-TDS/TCS statements (regular and correction) pertaining to FY 2010-11

B. Preparation correction statement using consolidated TDS/TCS statement (provided by TIN) pertaining to FY 2010-11

C. Select flag “C” in the column “Reason for lower or non deduction of tax” for tax deducted at higher rate

D. Transporter transaction where no deduction has been carried to marked separately as “T”. Flag “T” to be mentioned in the field for lower or no deduction at deductee detail.

E. Any one of the contact details of deductor/collector is mandatory:
Deductor/Collector telephone no. along with STD code
Responsible per son telephone no. along with STD code
Mobile no. of responsible person
F. Mandatory to quote e-mail id of deductor/collector or responsible person.

The RPU version 2.2 can be downloaded from the following link:

http://tin.nsdl.com/downloads/e-TDS_RPU_2.2.exe

JS@eTDS (F.Y. 2010-11) Update released on 05.10.2010 in compliance to the new statutory changes

October 7th, 2010

On behalf of the I.T. Dept., NSDL has released the new File Validation Utility (FVU Ver. 3.0) for all eTDS/eTCS returns to be filed on and after 01.10.2010.

In compliance to these statutory changes, JS@eTDS (F.Y. 2010-11) has been accordingly updated and is being released for all its users on 05.10.2010 which will enable timely filing of returns for the second quarter (Q2).

Primarily the update takes care of payment to Transporters at zero TDS and the modified system of handling Book Entry transactions for Govt. Deductors.

The highlights of the update can be viewed from the following link: http://jcs-etds.com/download/jsetds-update051010-highlights.pdf

You will need to download the update for the software from the following link: http://www.jcs-etds.com/updates.php

Income Tax Dept. releases new File Validation Utilities (FVU) on 01.10.2010

October 4th, 2010

NSDL has released two new File Validation Utilities, details of which can be viewed from the following links:

FVU 3.0 (For: F.Y.2010-11) - http://www.jcs-etds.com/download/fvu-30-features-041010.pdf

FVU 2.129 (For: upto F.Y.2009-10) - http://www.jcs-etds.com/download/fvu-2129-features-041010.pdf

The new File Validation Utilities is to be used for all eTDS/eTCS returns to be filed on and after 01.10.2010. Please follow the link below to download the same:

http://jcs-etds.com/new-fvu-release.php

New Changes in TDS Certificate – announced by IT Dept.

August 25th, 2010

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.