W.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.
Posts Tagged ‘eTDS’
New Clause added
November 18th, 2009New 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.
Modifications in the e-TDS/TCS data structure and new File Validation Utility applicable from October 1, 2009
September 4th, 2009The data structure of quarterly e-TDS / TCS statements has been modified by the Income Tax Department to incorporate certain additional fields and validations to further improve the data quality.
Key changes in the data structure of both regular and correction e-TDS/TCS files are indicated below:
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The types of deductor in the data structure have been further bifurcated. For e.g. State Govt., Central Govt., Company, Firm etc.
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The following fields have been added: -
- Ministry name,
- PAO / DDO code,
- PAO / DDO registration no.,
- State name,
- Name of the utility used for return preparation.
In addition to the new fields, certain functionalities as under have been built in the FVU:
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Functionality to verify the challan details quoted in the e-TDS / TCS returns with the challan details uploaded by banks is provided.
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In case of failure of verification of challans, a warning file containing details of challan mismatch will be generated.
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Statistic report generated by FVU will contain details of verification of challans and bifurcation of payment by Government deductors (transfer voucher / challan)
All deductors are required to ensure that quarterly e-TDS/TCS returns filed from October 1, 2009 is as per the new data structure. Any statement filed as per the old data structure will be rejected at TIN w.e.f October 1, 2009.
However, e-TDS / TCS correction on regular returns filed as per the old data structure (validated with FVU version upto 2.126) should be validated with FVU version 2.126 only.
TIN & NSDL
August 26th, 2009Tax Information Network (TIN), a repository of nationwide Tax related information, has been established by National Securities Depository Limited (NSDL) on behalf of Income Tax Department of India (ITD). TIN is an initiative by ITD for the modernisation of the current system for collection, processing, monitoring and accounting of direct taxes using information technology.
TIN system:
TIN has three key sub-systems:
- Electronic Return Acceptance and Consolidation System (ERACS) which consists of an infrastructure for interface with the taxpayers (a nation wide network of TIN-Facilitation Centres i.e. TIN-FC) and a web-based utility for upload of electronic returns of Tax Deduction at Source (TDS) & Tax Collection at Source (TCS) and Annual Information Return (AIR) to the central system of TIN.
- Online Tax Accounting System (OLTAS) for daily upload to the central system, the details of tax deposited in various tax collecting branches across the country.
- Central PAN Ledger Generation System (CPLGS) which is the central system that consolidates for each PAN:
- details of tax deducted/collected on its behalf (TDS/TCS) which is obtained by matching the TDS/TCS returns submitted by the deductors/collectors with the tax deposit (challan) information from the banks;
- details of the tax deposited (advance tax/self assessment tax) directly by the taxpayer with the bank;
Refer to http://www.tin-nsdl.com/ for furthur details.
