Posts Tagged ‘NSDL’

TDS, ADVANCE TAX & SA CHALLAN STATUS ON MOBILE

April 6th, 2012

SMS BASED SERVICE FOR CHALLAN STATUS

National Securities Depository Limited (NSDL) provides CIN (Challan Identification Number) based view of direct tax challans to taxpayers to know the status of challan on its web-site. In addition to the above facility, NSDL has launched a Short Message Service (SMS) based facility to know the status of its challans. The procedure for availing this facility is as under:

  1. The tax payer can send an SMS to 575758 with a message containing the word CSI followed by a space and CIN provided by the respective Bank at the time of making the Direct tax payment.
  2. The CIN should be separated by comma (,).
  3. Challan Identification Number (CIN) consists of details such as BSR Code of Collecting Branch (seven digit) ,Challan Tender Date (DDMMYYYY) and Challan Serial No (length less than or equal to 5 digit) and Amount.
  4. The amount is an optional field. If the amount is entered by the tax payer he would get the confirmationwhether amount entered is matched or otherwise as per NSDL database.

For e.g., if the tax payer input “CSI 0510001,11032009,5,5000″ where in “0510001″ is the BSR code of the collecting branch,

“11032009″ is the Challan tender date, “5″ is the Challan serial number and “5000 is the amount paid by the taxpayer.

The tax payer will get the information against which TAN/PAN the payment has been accounted with theconfirmation whether amount entered is matched or not. (This is an illustrative challan identification number, actual CIN should be provided in the SMS).

There will be special charges for these SMS. These charges may vary from one mobile service-provider to another. The charge structure can be obtained from the concerned service-provider. The status of the CIN based view will continue to be available from NSDL-TIN web-site www.tin-nsdl.com or NSDL Call Centre at 020-27218080 or Aykar Sampark Kendra at 0124- 2438000.

New File Validation Utilities released – Effective from February 01, 2012

January 5th, 2012

NSDL has released two new File Validation Utilities – FVU 3.3 & FVU 2.131 pertaining to the validation of TDS & TCS returns.

FVU 3.3 will be applicable for quarterly TDS / TCS statements pertaining to F.Y. 2010-11 onwards and FVU 2.131 will be applicable for quarterly TDS / TCS statements pertaining up to F.Y. 2009-10. Both the new File Validation Utilities will be mandatory with effect from February 01, 2012.

Please Note: Up to January 31, 2012 the FVU files generated from both the old utilities i.e. FVU 3.2 & FVU 2.130 and the new utilities i.e. FVU 3.3 & FVU 2.131 will be accepted.

Register your TAN at the TIN-NSDL website

December 20th, 2011

Tax Information Network (TIN) has always been providing various facilities to deductors. One such facility provided under TIN is authenticated login (TAN account) provided to deductors/collectors at TIN website. Under this login, following functions are provided:

  • Online request of consolidated TDS/TCS file: Useful for preparation of correction statement.
  • Online generation of Form 16A for valid PANs.
  • Online download of default details generated by Income Tax Department.
  • Bulk upload of Form 15CA records.
  • Update of TAN account contact details.

For creating authenticated login (TAN account), deductor/collector has to register TAN online at TIN website. In view of the same, you are requested to create and activate the TAN account at TIN and avail the aforementioned facilities offered by TIN, if not done already.

TIN-NSDL has now made some new changes in the TAN registration process. Detailed revised procedure for creating “TAN Account” and activation of TAN account is as under:

  • On registration, an e-mail containing link will be sent to registered e-mail ID (s).
  • User will be required to click on the link for activating the TAN account. This link is sent for verifying the validity of e-mail ID.
  • On clicking the link, user will be prompted to provide TAN and corresponding 12 digit TAN registration number.
  • If the TAN & TAN registration number matches, then TAN account will be activated within 24 hours.
  • TAN account will be active if at least one of the e-mail ID is verified.
  • TAN account will not be activated, If the user does not click link or does not provide respective TAN and TAN registration number and the same is verified.
  • If user has provided two e-mail ID (s) on registration/ re-registration, then the TAN account will be activated even if the user clicks on the link (as mentioned above) sent at any one of the registered e-mail ID.
  • On activation of TAN account, an e-mail containing the user ID in password protected PDF file will be sent to registered e-mail ID (s). On receipt of this e-mail, user can login to TAN account.

Further the user may re-register the TAN if user has:

  • Forgotten the TAN account details like user ID, TAN registration no. (12 digit alphanumeric number) or
  • Would like to update the contact details of TAN account ,wherein the user does not know the login credentials of TAN account

Procedure for activation of TAN account on re-registration of TAN would be the same as applicable on first time registration of TAN (as above).

Preparation of correction TDS / TCS statement

July 16th, 2011

As directed by DIT (Systems), deductors/collectors are advised to prepare correction TDS/TCS statements using consolidated TDS/TCS file only, provided by TIN. Consolidated TDS/TCS file is provided to registered TANs. Detailed procedure for registration of TAN and procuring consolidated TDS/TCS file is available at TIN website (www.tin-nsdl.com) under the service menu.

In view of the above you are advised to prepare correction statement using consolidated TDS/TCS file provided by TIN.

It is also informed that update of section code in quarterly TDS/TCS statement is allowed in case status of the challan/ transfer voucher is booked/ provisionally booked.

New File Validation Utilities (FVU) released by NSDL

March 22nd, 2011

NSDL has released new File Validation Utilities (FVU) as under:-

1.  FVU 3.1       (Applicable for F.Y.2010-11 onwards)

2.  FVU 2.130   (Applicable up to F.Y.2009-10)

The key features of the File Validation Utility (FVU) version 3.1:

  1. FVU 3.1 will be applicable for quarterly TDS / TCS statements pertaining to F.Y. 2010-11 onwards and will be mandatory w.e.f. April 01, 2011.
  2. It will be mandatory to quote Mobile No. in quarterly TDS / TCS statements for Deductor category other than Central Govt. and State Govt.
  3. Re-introduction of PAN Reference No. field in deductee / collectee details.
  4. Provision to quote the deduction under Section 80CCF in Salary Details (applicable for 24Q – Q4).
  5. ‘Surcharge’ amount in Salary Details (provided annually in Annexure II — 24Q Q4) should be less than or equal to ‘Total Taxable Income’.
  6. ‘Education Cess’ amount in Salary Details (provided annually in Annexure II — 24Q Q4) should be less than or equal to ‘Total Taxable Income’.
  7. ‘Net Income tax payable’ amount in Salary Details (provided annually in Annexure II — 24Q Q4) should be less than or equal to ‘Total Taxable Income’.
  8. Highlighting of transaction where tax has not been deducted as threshold limit is not exceeded (as per the provisions of Income Tax Act) in the first quarter (s) but in subsequent quarter has exceeded the threshold limit.

For further details please visit http://tin-nsdl.com/