0 Procedural issues in Service Tax (NEW)(ALL OLD CIRCULAR WITHDRAWN)
Please read changes in budget 2008 also
CBEC has issued a circular 97 dated 23/8/2007.in which all the old circular relating to procedure and administration of Service tax has been dealt with.As promised in Finance speech 2007 by FM new circular has been issued to simplifying the procedures and make better understanding and improve voluntarily compliance.Main reason to issue this Master circular explained in itself are
1.Old circular issued are not rightly categorised & consolidation is required
2.Some of them(circulars/clarification) are redundant and anachronistic.
Important note:This circular supersedes all previous Circulars /clarifications /instructions issued on these subjects
Registration:
who is liable to be registered
1.Every person providing a taxable service and liable to pay service tax is required to register with the Central Excise / Service Tax department. (subject to some exemptions)
2.In a few cases liability to pay service tax has been shifted to the service receiver or other specified person.
- Insurer in case of service provided by insurance agent;
- Person making payment of freight in such cases where a goods transport agency provides taxable service to a specified consignor and consignee;
- Asset management company or mutual fund, in case of service provided by a distributor to them;
- Where the service is provided to a person in India by any person from a country other than India; and
- body corporate or a firm located in India receiving sponsorship service.
Turnover limit
1. Aggregate value of taxable service for threshold based exemption is, currently, Rs. 8 lakh in a year.
2. A person availing of this exemption is required to register with the department on achieving a turnover of Rs 7 lakh in a financial year in respect of all taxable services provided by him.
3.value of All taxable services will be included ,whether they are taxable under different section Or provided in different premises by same service provided.
4. Service provided by persons under a BRAND name can't take the benefit of exemption limit
2.Person who wants to take INPUT TAX CREDIT of services received while providing other service or adjustment in excise payable on goods manufactured is also liable to be registered.
Please read changes in budget 2008 also
APPLICATION FORM FOR REGISTRATION
--FORM ST-1 (htm) (excel)
--Submit FORM ST-1 to jurisdictional superintendent of Central Excise/Service tax.
-- If service is provided under different locations fall under different superintendents than registration will be done by jurisdictional Commissioner
-- Within 30 days of levy of service tax on such service or, in case of an existing taxable service, within 30 days of the commencement of provision of such service.
-- Submit one form for all the services.
REGISTRATION CERTIFICATE
--Will be issued in Form ST 2 within 7 days if application is complete & filled properly.
--In case registration certificate is not issued within seven days, the registration is deemed to have been granted.
--Registration No., also known as ‘Service Tax Code (STC)’ is a fifteen digit PAN based number. ------First 10 digits of this number are the same as the PAN of such person.
------Next two digits are ‘ST’.
------Next three digits are serial numbers indicating the number of registrations taken by the service taxpayer against a common PAN.
KNOW YOUR STC (SERVICE TAX CODE ) BY FILLING PAN NO (CLICK HERE)
--Registration certificate can be amended by applying on form st-1 along with original certificate.
----for new services
--- for new premises
--Deletion of services,premises can be applied on plain paper .
Payment of service tax: Challan Tr-6(htm)
DOWNLOAD GAR-7 EXCEL FREE WITH ACCOUNTING CODE
NOTE:BEFORE DOWNLOADING TR-6/GAR-7 PLEASE READ THIS ARTICLE
NOTE:DUE DATE TO DEPOSIT SERVICE/EXCISE HAS BEEN CHANGED PLEASE READ THIS
-- In case of prop/partnership firms & individual to be paid Quarterly.
-- In other cases monthly
--Due date/Last date is 5th day of the month following the month/quarter for which service tax is paid.
-- But in case of last month/qtr of Financial year due date is 31st march.
--The service tax can be paid electronically.
Mandatory e-payment of service tax
E-payment of service tax has been made mandatory w.e.f . 1.10.2006, for all assessees who have paid (in cash plus through CENVAT Credit) a service tax amounting to Rs. 50 lakh or more in the preceding financial year or in the current financial year. The latter type of service taxpayers shall make any further payment of service tax in cash (i.e. other than through credit), only through e-payment.
Issuance of invoices, bills, challans, consignment notes and other documents:
-- every taxable service provider/input service distributor is required to issue a document (i.e. invoice, bill or challan) within 14 days from either the date of completion of provision of service or receipt of any service charges (whichever is earlier).
--Such document should be serially numbered and should contain the name, address of the service provider and the service receiver, description, classification and value of service provided and service tax payable thereon.
-- The amount of ‘education cess’ and ‘secondary and higher education cess’ should be shown separately on the invoice.
--STC no./registration no. of the service provider should also be mentioned on the invoice for this purpose.
-- For service providers providing ‘banking & other financial services’, certain relaxations are available. For such service providers, the invoice need not be serially numbered. They are also exempted from mentioning the address of the service receiver. Similar dispensation is available for input service distributors of such type of service providers.
-- For providers of taxable service of transport of goods by road (i.e. goods transport agency) the invoice/bill/challan should, in addition to the general information required also contain the consignment note number, date and gross weight of the consignment. (other points for GTC see detail circular)
Service tax return
-Return is required to be filed on a half yearly basis, in (pdf)Form ST-3.(excel)(updated by recent circulor in august 2008)
---April to September -------------25th October
---and October to March----------25th April
-- A single service tax return should be filed (in Form ST-3) in respect of all taxable services provided by an assessee.
- e-filing of return- The service tax return can be filed electronically after logging into the website www.servicetaxefiling.com.
Delay in filing of return: The late fee presently is
(a) Rs 500 for delay up to 15 days;
(b) Rs 1000 for delay between 15 days and 30 days; and
(c) Rs 1000 plus Rs 100 per day beyond 30 days, till the filing of return, not exceeding Rs 2000/-.
Filing of revised return:
--Assessee can submit a revised return within 60 days of filing of original return to rectify any mistake or omission.
--It may be noted that in such cases where an assessee files a revised return, the limitation period for initiating any action for demanding the service tax not paid/ short paid/ not levied/short levied would be computed from the date of filing of revised return.
Assessment
--Normally, under self assessment scheme, the service taxpayer assesses his tax liability himself and pays the same.
CENVAT Credit
Wef 10.9.2004, under CENVAT Credit Rules, 2004, CENVAT Credit across goods and services has been allowed.
(a) ISSUE: Whether a manufacturer or taxable service provider having credit balance in his account can utilize that credit for payment of service tax on goods transport by road, as a consignor or as a consignee?
COMMENTS:No
(b) ISSUE: Whether a consignee can take credit of the amount paid as service tax either by himself (as consignee) or by the consignor or by the Goods Transport Agency?
COMMENTS: yes
(c) ISSUE: Up to what stage a manufacturer/consignor can take credit on the service tax paid on goods transport by road?
COMMENTS: A manufacturer / consignor can take credit on the service tax paid on outward transport of goods up to the place of removal and not beyond that.
“place of removal” means-
(i) a factory or any other place or premises of production or manufacture of the excisable goods ;
(ii) a warehouse or any other place or premises wherein the excisable goods have been permitted to be stored without payment of duty ;
(iii) a depot, premises of a consignment agent or any other place or premises from where the excisable goods are to be sold after their clearance from the factory;
from where such goods are removed.”
Delay in payment of service tax
Interest
Delay in payment of service tax, including a part thereof, attracts simple interest at present, the rate of interest is 13% per annum
Penalty
--shall not be less than Rs 200 for every day during which such failure continues or at the rate of 2% of such tax per month, which ever is higher, starting with the first day after the due date till the date of actual payment of the outstanding amount of service tax. However, such penalty would not exceed the service tax payable.
Please read changes in budget 2008 also
complete text of the circular
OTHER ARTICLES ON SERVICE TAX
OLD CIRCULAR,CLARIFICATION WITHDRAWN(cir 96/23.08.2007)
NEW SERVICE TAX DEPOSIT SYSTEM,FREE PREPRINTED NEW TAX SERVICE TAX CHALLAN FORMS
Read more >>
CBEC has issued a circular 97 dated 23/8/2007.in which all the old circular relating to procedure and administration of Service tax has been dealt with.As promised in Finance speech 2007 by FM new circular has been issued to simplifying the procedures and make better understanding and improve voluntarily compliance.Main reason to issue this Master circular explained in itself are
1.Old circular issued are not rightly categorised & consolidation is required
2.Some of them(circulars/clarification) are redundant and anachronistic.
Important note:This circular supersedes all previous Circulars /clarifications /instructions issued on these subjects
Registration:
who is liable to be registered
1.Every person providing a taxable service and liable to pay service tax is required to register with the Central Excise / Service Tax department. (subject to some exemptions)
2.In a few cases liability to pay service tax has been shifted to the service receiver or other specified person.
- Insurer in case of service provided by insurance agent;
- Person making payment of freight in such cases where a goods transport agency provides taxable service to a specified consignor and consignee;
- Asset management company or mutual fund, in case of service provided by a distributor to them;
- Where the service is provided to a person in India by any person from a country other than India; and
- body corporate or a firm located in India receiving sponsorship service.
Turnover limit
1. Aggregate value of taxable service for threshold based exemption is, currently, Rs. 8 lakh in a year.
2. A person availing of this exemption is required to register with the department on achieving a turnover of Rs 7 lakh in a financial year in respect of all taxable services provided by him.
3.value of All taxable services will be included ,whether they are taxable under different section Or provided in different premises by same service provided.
4. Service provided by persons under a BRAND name can't take the benefit of exemption limit
2.Person who wants to take INPUT TAX CREDIT of services received while providing other service or adjustment in excise payable on goods manufactured is also liable to be registered.
Please read changes in budget 2008 also
APPLICATION FORM FOR REGISTRATION
--FORM ST-1 (htm) (excel)
--Submit FORM ST-1 to jurisdictional superintendent of Central Excise/Service tax.
-- If service is provided under different locations fall under different superintendents than registration will be done by jurisdictional Commissioner
-- Within 30 days of levy of service tax on such service or, in case of an existing taxable service, within 30 days of the commencement of provision of such service.
-- Submit one form for all the services.
REGISTRATION CERTIFICATE
--Will be issued in Form ST 2 within 7 days if application is complete & filled properly.
--In case registration certificate is not issued within seven days, the registration is deemed to have been granted.
--Registration No., also known as ‘Service Tax Code (STC)’ is a fifteen digit PAN based number. ------First 10 digits of this number are the same as the PAN of such person.
------Next two digits are ‘ST’.
------Next three digits are serial numbers indicating the number of registrations taken by the service taxpayer against a common PAN.
KNOW YOUR STC (SERVICE TAX CODE ) BY FILLING PAN NO (CLICK HERE)
--Registration certificate can be amended by applying on form st-1 along with original certificate.
----for new services
--- for new premises
--Deletion of services,premises can be applied on plain paper .
Payment of service tax: Challan Tr-6(htm)
DOWNLOAD GAR-7 EXCEL FREE WITH ACCOUNTING CODE
NOTE:BEFORE DOWNLOADING TR-6/GAR-7 PLEASE READ THIS ARTICLE
NOTE:DUE DATE TO DEPOSIT SERVICE/EXCISE HAS BEEN CHANGED PLEASE READ THIS
-- In case of prop/partnership firms & individual to be paid Quarterly.
-- In other cases monthly
--Due date/Last date is 5th day of the month following the month/quarter for which service tax is paid.
-- But in case of last month/qtr of Financial year due date is 31st march.
--The service tax can be paid electronically.
Mandatory e-payment of service tax
E-payment of service tax has been made mandatory w.e.f . 1.10.2006, for all assessees who have paid (in cash plus through CENVAT Credit) a service tax amounting to Rs. 50 lakh or more in the preceding financial year or in the current financial year. The latter type of service taxpayers shall make any further payment of service tax in cash (i.e. other than through credit), only through e-payment.
Issuance of invoices, bills, challans, consignment notes and other documents:
-- every taxable service provider/input service distributor is required to issue a document (i.e. invoice, bill or challan) within 14 days from either the date of completion of provision of service or receipt of any service charges (whichever is earlier).
--Such document should be serially numbered and should contain the name, address of the service provider and the service receiver, description, classification and value of service provided and service tax payable thereon.
-- The amount of ‘education cess’ and ‘secondary and higher education cess’ should be shown separately on the invoice.
--STC no./registration no. of the service provider should also be mentioned on the invoice for this purpose.
-- For service providers providing ‘banking & other financial services’, certain relaxations are available. For such service providers, the invoice need not be serially numbered. They are also exempted from mentioning the address of the service receiver. Similar dispensation is available for input service distributors of such type of service providers.
-- For providers of taxable service of transport of goods by road (i.e. goods transport agency) the invoice/bill/challan should, in addition to the general information required also contain the consignment note number, date and gross weight of the consignment. (other points for GTC see detail circular)
Service tax return
-Return is required to be filed on a half yearly basis, in (pdf)Form ST-3.(excel)(updated by recent circulor in august 2008)
---April to September -------------25th October
---and October to March----------25th April
-- A single service tax return should be filed (in Form ST-3) in respect of all taxable services provided by an assessee.
- e-filing of return- The service tax return can be filed electronically after logging into the website www.servicetaxefiling.com.
Delay in filing of return: The late fee presently is
(a) Rs 500 for delay up to 15 days;
(b) Rs 1000 for delay between 15 days and 30 days; and
(c) Rs 1000 plus Rs 100 per day beyond 30 days, till the filing of return, not exceeding Rs 2000/-.
Filing of revised return:
--Assessee can submit a revised return within 60 days of filing of original return to rectify any mistake or omission.
--It may be noted that in such cases where an assessee files a revised return, the limitation period for initiating any action for demanding the service tax not paid/ short paid/ not levied/short levied would be computed from the date of filing of revised return.
Assessment
--Normally, under self assessment scheme, the service taxpayer assesses his tax liability himself and pays the same.
CENVAT Credit
Wef 10.9.2004, under CENVAT Credit Rules, 2004, CENVAT Credit across goods and services has been allowed.
(a) ISSUE: Whether a manufacturer or taxable service provider having credit balance in his account can utilize that credit for payment of service tax on goods transport by road, as a consignor or as a consignee?
COMMENTS:No
(b) ISSUE: Whether a consignee can take credit of the amount paid as service tax either by himself (as consignee) or by the consignor or by the Goods Transport Agency?
COMMENTS: yes
(c) ISSUE: Up to what stage a manufacturer/consignor can take credit on the service tax paid on goods transport by road?
COMMENTS: A manufacturer / consignor can take credit on the service tax paid on outward transport of goods up to the place of removal and not beyond that.
“place of removal” means-
(i) a factory or any other place or premises of production or manufacture of the excisable goods ;
(ii) a warehouse or any other place or premises wherein the excisable goods have been permitted to be stored without payment of duty ;
(iii) a depot, premises of a consignment agent or any other place or premises from where the excisable goods are to be sold after their clearance from the factory;
from where such goods are removed.”
Delay in payment of service tax
Interest
Delay in payment of service tax, including a part thereof, attracts simple interest at present, the rate of interest is 13% per annum
Penalty
--shall not be less than Rs 200 for every day during which such failure continues or at the rate of 2% of such tax per month, which ever is higher, starting with the first day after the due date till the date of actual payment of the outstanding amount of service tax. However, such penalty would not exceed the service tax payable.
Please read changes in budget 2008 also
complete text of the circular
OTHER ARTICLES ON SERVICE TAX
OLD CIRCULAR,CLARIFICATION WITHDRAWN(cir 96/23.08.2007)
NEW SERVICE TAX DEPOSIT SYSTEM,FREE PREPRINTED NEW TAX SERVICE TAX CHALLAN FORMS
0 NEW SERVICE TAX CODING,ALL OLD CIRCULARS,CLARIFICATIONS WITHDRAWN
CBEC has issued a circular no.96 dated 23/8/2007 Service Tax.
Main heading of the circular is summarised below:
1.ALL OLD CIRCULARS ,CLARIFICATION AND COMMUNICATION WITHDRAWN
Paragraph 6 of the Circular states that,
“This circular supersedes all circulars, clarifications and communications, other than Orders issued under section 37B of the Central Excise Act, 1944 (as made applicable to service tax by section 83 of the Finance Act, 1994), issued from time to time by the CBEC, DG (Service Tax) and various field formations on all technical issues including the scope and classification of taxable services, valuation of taxable services, export of services, services received from outside India, scope of exemptions and all other matters on levy of service tax. With the issue of this circular, all earlier clarifications issued on technical issues relating to service tax stand withdrawn.”
Now, therefore, all the service providers need to re-assessee the services provided by them and the implication of withdrawal of all the previous circulars must be ascertained.
For an instance, for certain specific services, service providers were not paying service tax on Sub-contract services. But, with the withdrawal of all the circulars, every person is liable to pay service tax on each stage irrespective of the fact that he is main contractor or sub-contractor.
Sub-contractors in construction projects will now have to pay service tax. They will add to the various categories of small entities, which were so far not required to register themselves as service tax payers.
While their taxable amount will not go up, they will become responsible for maintaining individual tax accounts with the revenue departments. Until now, only the main contractors had to pay taxes.
2.NEW CODING SYSTEM FOR SERVICE TAX ISSUES
A). Three digit code will be allotted to each service.Services already taxable has been allotted a code.
B)For ease of reference, this coding system will be followed. Individual reference code is given for each issue. Unique three-digit reference code followed by the date of issue is given for each issue-wise classification. First three digits of the reference code relates to a specific taxable service. In addition to three digit codes for individual taxable services, three-digit codes are also provided for issues other than individual taxable services given as under:
996 – Services provided from outside India and received in India.
997 – Export of Services
998 – Valuation of taxable services.
999 – Miscellaneous purposes.
C) complete list of services with new code.
1) sorted by code
2) sort by name
NOTE:THIS CODING IS ONLY FOR THE PURPOSE OF ISSUING /REFRENCE OF CIRCULARS/NOTIFICATION.THIS IS NOT ACCOUNTING CODE TO FILLED IN TR6/GAR-7
Three-digit code is followed by a dot and two digits. Two digits after the dot indicate the issue clarified under that particular three-digit code. Digit codes are followed by a slash and thereafter the date of issue of the clarification is indicated.
3 New clarification has been issued on the identical pattern of old clarifications on some services with new coding system.
Complete text of the circular 96/23/8/2007
Note:some new clarification has been issued regarding service tax under this patron given as under as on 04.01.2008
OTHER ARTICLE ON SERVICE TAX
NEW SERVICE TAX DEPOSIT SYSTEM,FREE PREPRINTED NEW TAX SERVICE TAX CHALLAN FORMS
Procedural issues in Service Tax (NEW)(ALL OLD CIRCULAR WITHDRAWN
Read more >>
Main heading of the circular is summarised below:
1.ALL OLD CIRCULARS ,CLARIFICATION AND COMMUNICATION WITHDRAWN
Paragraph 6 of the Circular states that,
“This circular supersedes all circulars, clarifications and communications, other than Orders issued under section 37B of the Central Excise Act, 1944 (as made applicable to service tax by section 83 of the Finance Act, 1994), issued from time to time by the CBEC, DG (Service Tax) and various field formations on all technical issues including the scope and classification of taxable services, valuation of taxable services, export of services, services received from outside India, scope of exemptions and all other matters on levy of service tax. With the issue of this circular, all earlier clarifications issued on technical issues relating to service tax stand withdrawn.”
Now, therefore, all the service providers need to re-assessee the services provided by them and the implication of withdrawal of all the previous circulars must be ascertained.
For an instance, for certain specific services, service providers were not paying service tax on Sub-contract services. But, with the withdrawal of all the circulars, every person is liable to pay service tax on each stage irrespective of the fact that he is main contractor or sub-contractor.
Sub-contractors in construction projects will now have to pay service tax. They will add to the various categories of small entities, which were so far not required to register themselves as service tax payers.
While their taxable amount will not go up, they will become responsible for maintaining individual tax accounts with the revenue departments. Until now, only the main contractors had to pay taxes.
2.NEW CODING SYSTEM FOR SERVICE TAX ISSUES
A). Three digit code will be allotted to each service.Services already taxable has been allotted a code.
B)For ease of reference, this coding system will be followed. Individual reference code is given for each issue. Unique three-digit reference code followed by the date of issue is given for each issue-wise classification. First three digits of the reference code relates to a specific taxable service. In addition to three digit codes for individual taxable services, three-digit codes are also provided for issues other than individual taxable services given as under:
996 – Services provided from outside India and received in India.
997 – Export of Services
998 – Valuation of taxable services.
999 – Miscellaneous purposes.
C) complete list of services with new code.
1) sorted by code
2) sort by name
NOTE:THIS CODING IS ONLY FOR THE PURPOSE OF ISSUING /REFRENCE OF CIRCULARS/NOTIFICATION.THIS IS NOT ACCOUNTING CODE TO FILLED IN TR6/GAR-7
Three-digit code is followed by a dot and two digits. Two digits after the dot indicate the issue clarified under that particular three-digit code. Digit codes are followed by a slash and thereafter the date of issue of the clarification is indicated.
3 New clarification has been issued on the identical pattern of old clarifications on some services with new coding system.
Complete text of the circular 96/23/8/2007
Note:some new clarification has been issued regarding service tax under this patron given as under as on 04.01.2008
SERVICE TAX CLARIFICATION :INPUT SERVICE ,IMMOVABLE PROPERTY ,SERVICE TAX ON RENT
CLARIFICATION SERVICE TAX ON WORK CONTRACT COMPOSI...OTHER ARTICLE ON SERVICE TAX
NEW SERVICE TAX DEPOSIT SYSTEM,FREE PREPRINTED NEW TAX SERVICE TAX CHALLAN FORMS
Procedural issues in Service Tax (NEW)(ALL OLD CIRCULAR WITHDRAWN
0 Frequently Asked Questions(etds/etcs returns)
What is annual e-TDS/TCS Return?
Ans. Annual e-TDS/TCS return is the TDS return under section 206 of the Income Tax Act (prepared in Form Nos. 24, 26 or 27) or TCS return under section 206C of the Income Tax Act (prepared in Form No. 27E), which is prepared in electronic media as per prescribed data structure. Such returns furnished in a CD/floppy should be accompanied by a signed verification in Form No. 27A in case of Annual TDS returns or Form No. 27B in case of Annual TCS return.
This returns are now not required ,however in case of form 24 annual return, annexure two in q4 return is to be filled.Moreover there is no need to file annual return form 26 ,27and 27e.
What is quarterly e-TDS/TCS statement?
Ans. TDS/TCS returns filed in electronic form as per section 200(3)/206C, as amended by Finance Act, 2005, are quarterly TDS/TCS statements. As per the Income Tax Act, these quarterly statements are required to be furnished from FY 2005-06 onwards. The forms used for quarterly e-TDS statements are Form Nos. 24Q, 26Q and 27Q and for quarterly e-TCS statement is Form No. 27EQ. These statements filed in CD/floppy should be accompanied by a signed verification in Form No. 27A in case of both e-TDS/TCS statements.
Who is required to file e-TDS/TCS return?
Ans. As per Income Tax Act, 1961, all corporate and government deductors/collectors are compulsorily required to file their TDS/TCS returns on electronic media (i.e. e-TDS/TCS returns). However, deductors/collectors other than corporate/government can file either in physical or in electronic form.
FROM 01.09.2007 ONWARDS SCOPE OF ETDS/ETCS STATEMENT HAS BBEN ENHANCED
e-TDS/TCS returns have been made mandatory for Government deductors. How do I know whether I am a Government deductor or not?
Ans. All Drawing and Disbursing Officers of Central and State Governments come under the category of Government deductors.
Under what provision should e-TDS/TCS returns be filed?
Ans. An e-TDS return should be filed under Section 206 of the Income Tax Act in accordance with the scheme dated August 26, 2003 for electronic filing of TDS return notified by the Central Board of Direct Taxes (CBDT) for this purpose. CBDT Circular No. 8 dated September 19, 2003 may also be referred. An e-TCS return should be filed under Section 206C of the Income Tax Act in accordance with the scheme dated March 30, 2005 for electronic filing of TCS return notified by the CBDT for this purpose. As per section 200(3)/206C, as amended by Finance Act 2005, deductors/collectors are required to file quarterly TDS/TCS statements from FY 2005-06 onwards.
Who is the e-Filing Administrator?
Ans. CBDT has appointed the Director General of Income Tax (Systems) as e-Filing Administrator for the purpose of electronic filing of TDS/TCS returns.
Who is an e-TDS/TCS Intermediary?
Ans. CBDT has appointed National Securities Depository Limited, (NSDL), Mumbai, as e-TDS/TCS Intermediary. NSDL has established TIN Facilitation Centres (TIN-FCs) across the country to facilitate deductors/collectors file their e-TDS/TCS returns.
How should the e-TDS/TCS return be prepared?
Ans. e-TDS/TCS return has to be prepared in the data format issued by e-Filing Administrator. There is a validation software (File Validation Utility) available along with the data structure which should be used to validate the data structure of the e-TDS/TCS return prepared. The e-TDS/TCS return should have following features:
1.Each e-TDS/TCS return file should be in a separate CD/floppy.
2.Each e-TDS/TCS return file should be accompanied by a duly filled and signed (by an authorised signatory) Form No. 27A in physical form.
3.Each e-TDS/TCS return file should be in one CD/floppy. It should not span across multiple floppies.
4.In case the size of an e-TDS/TCS return file exceeds the capacity of one floppy, it should be filed on a CD.
5.If an e-TDS return file is required to be compressed, it should be compressed using Winzip 8.1 or ZipItFast 3.0 compression utility (or higher version thereof) to ensure quick and smooth acceptance of the file.
6.Label should be affixed on each CD/floppy mentioning name of the deductor, his TAN, Form no. (i.e. 24q, 26q or 27q) and period to which the return pertains.
7.There should not be any overwriting/striking on Form No. 27A. If there is any, then the same should be ratified by an authorised signatory.
8.No bank challan or copy of TDS/TCS certificate should be filed alongwith e-TDS/TCS return file.
9.In case of Form Nos. 26q & 27q, deductor need not file physical copies of certificates of no deduction or lower deduction of TDS received from deductees.There is no such requirement in case of Form 24Q.
10.e-TDS/TCS return file should contain TAN of the deductor/collector without which, the return will not be accepted.
11.CD/floppy should be virus-free. In case any of these requirements are not met, the e-TDS/TCS return will not be accepted at TIN-FCs.
Is there any software available for preparation of e-TDS/TCS return?
Ans. NSDL has made available a freely downloadable return preparation utility for preparation of e-TDS/TCS returns. Additionally, you can develop your own software for this purpose or you may acquire software from various third party vendors.
Are the forms used for e-TDS/TCS return same as for physical returns?
Ans. Forms for filing TDS/TCS returns were notified by CBDT. These forms are same for electronic and physical returns. However, e-TDS/TCS return is to be prepared as a clean text ASCII file in accordance with the specified data structure (file format) prescribed by ITD.
What is Form No. 27A?
Ans. Form No. 27A is a control chart of quarterly e-TDS/TCS statements to be filed in paper form by deductors/collectors alongwith quarterly statements. It is a summary of e-TDS/TCS returns which contains control totals of 'amount paid' and 'income tax deducted at source'. The control totals of 'amount paid' and 'income tax deducted at source' mentioned on Form No. 27A should match with the corresponding control totals in e-TDS/TCS return. A separate Form No. 27A is to be filed for each e-TDS/TCS return.
What are the precautions to be taken while submitting Form No. 27A?
Ans. While submitting Form No. 27A, one should ensure that:
a) There is no overwriting/striking on Form No. 27A. If there is any, then the same should be ratified (signed) by the authorised signatory.
b) Name and TAN of deductor and control totals of 'amount paid' and 'income tax deducted at source' mentioned on Form No. 27A should match with the respective totals in the e-TDS/TCS return.
c) All the fields of Form No. 27A are duly filled.
What is the data structure (file format) for preparing e-TDS/TCS return?
Ans. e-TDS/TCS return should be prepared in accordance with the data structure (File Format) prescribed by the e-filing administrator. Separate data structure has been prescribed for each type of form whether it is annual return (up to FY 2004-05) or Quarterly return (FY 2005-06 onwards).
What is Challan Serial Number given by the Bank?
Ans. Bank Challan Number is a receipt number given by the bank branch where TDS is deposited. A separate receipt number is given for each challan deposited. You are required to mention this challan number in the e-TDS/TCS return and not the preprinted number on the bank challan form i.e. ITNS 281
What is 'Bank Branch Code'? Where do I get it from?
\Ans. Reserve Bank of India has allotted a unique seven-digit code to each bank branch. You are required to mention the code of the bank branch where TDS is deposited in the e-TDS/TCS return. You can get this code from the bank branch where TDS amount is deposited.
Is it mandatory to mention Tax Deduction Account Number (TAN) in e-TDS/TCS return?
Ans. Yes, it is mandatory to mention the 10 digit reformatted (new) TAN in your e-TDS/TCS return.
Can I file Form No. 26Q separately for contractors, professionals, interest etc.?
Ans. No. A single Form No. 26Q with separate annexures corresponding to each challan payment for each type of payment has to be filed for all payments made to residents.
I do not know the Bank Branch Code of the branch in which I deposited tax. Can I leave this field blank?
Ans. Bank Branch code or BSR code is a 7-digit code allotted to banks by RBI. This is different from the branch code, which is used for bank drafts etc. This number is given in the OLTAS challan or can be obtained from the bank branch or from the search facility at NSDL-TIN website. It is mandatory to quote BSR code both in challan details and deductee details. Hence, this field cannot be left blank. Government deductors transfer tax by book entry, in which case the BSR code can be left blank.
What should I mention in the field 'paid by book entry or otherwise' in deduction details?
Ans. If payment to the parties (on which TDS has been deducted) has been made actually i.e. by cash, cheque, demand draft or any other acceptable mode, then 'otherwise' has to be mentioned in the specified field. But if payment has not been actually made and merely a provision has been made on the last date of the accounting year, then the option 'Paid by Book Entry' has to be selected.
By whom should the control chart Form 27A be signed?
Ans. Form 27A is the summary of the TDS/TCS statement. It has to be signed by the same person who is authorized to sign the TDS/TCS statement in paper format.
What if e-TDS/TCS return does not contain PANs of all deductees?
Ans. In case PANs of some of the deductees are not mentioned in the e-TDS/TCS return, the Provisional Receipt will mention the count of missing PANs in the e-TDS/TCS return. The details of missing PANs (to the extent it can be collected from the deductees) may be filed within seven days of the date of Provisional Receipt to TIN-FC. e-TDS/TCS 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. The detail of missing/Incorrect pan can be corrected by filling Correction Return.
Is the Challan Identification Number compulsory?
Ans. Yes. Challan Identification Number is necessary for all non-Government deductors.
Is PAN mandatory for deductors and employees/deductees?
Ans. PAN of the deductors has to be given by non-Government deductors. It is essential to quote PAN of all deductees failing which credit of tax deducted will not be given.
I am a deductor having more than one office/branch, do I file separate e-TDS/TCS returns for each office/branch or can I file a consolidated return for all offices/branches? Can I quote the same TAN for filing e-TDS/TCS returns for each branch?
Ans. If you have more than one office/branch you can file a consolidated e-TDS/TCS return for all offices/branches. In this case you should quote the same TAN while deposit of tax(TDS) by all the Branches. You can also file e-TDS/TCS returns office/branch-wise individually. In such cases you need to have separate TAN for every branch. In case you do not have separate TAN for each branch then you should apply for TAN for each of the branches filing separate e-TDS/TCS return.
After I prepare my e-TDS/TCS return, is there any way I can check/verify whether it conforms to the prescribed data structure (file format)?
Ans. Yes, after you have prepared your e-TDS/TCS return you can check/verify the same by using the File Validation Utility (FVU). This utility is freely downloadable from the NSDL-TIN website.
What is File Validation Utility (FVU)?
Ans. FVU is a program developed by NSDL, which is used to ascertain whether the e-TDS/TCS return file contains any format level error(s). When you pass e-TDS/TCS return through FVU, it generates an 'error/response file'. If there are no errors in the e-TDS/TCS return file, error/response file will display the control totals. If there are errors, the error/response file will display the error location and error code along with the error code description. In case you find any error, you can rectify the error and pass the e-TDS/TCS return file again through the FVU till you get an error-free file.
What is the 'Upload File' in the new File Validation Utility?
Ans. Earlier the e-TDS/TCS return file after validating using File Validation Utility (FVU) had to be filed with TIN-FC. Now 'Upload File' that is generated by the FVU when the return is validated using the FVU has to be filed with TIN-FC. This 'upload file' is a file with the same filename as the 'input file' but with extension .fvu. Example 'input file' name is 27EQGov.txt, the upload file generated will be 27EQGov.fvu.
What are the platforms for execution of FVU?
Ans. For Annual Returns, FVU can be executed on any of the Windows platforms mentioned below: Win 95/Win 98/Win 2K Professional/Win 2K Server/Win NT 4.0 Server/Win XP Professional.For Quarterly Returns, Java has to be installed to run FVU. Details are given in FVU section of NSDL-TIN website.
What are the Control Totals appearing in the Error/Response File generated by validating the text file through File Validation Utility (FVU) of NSDL?
Ans. The Control Totals in Error/Response File are generated only when a valid file is generated. Otherwise, the Error/Response File shows the nature of error. The control totals are as under:
Number of deductee/party records:
In case of Form 24/24Q,
it is equal to the number of employees for which TDS return is being prepared.
In case of Form 26/27/26Q/27Q,
it is equal to the total number of records of tax deduction. 10 payments to 1 party would mean 10 deductee records.
Amount Paid: This is the Total Amount of all payments made on which tax was deducted.
In case of Form 24/24Q,
it is equal to the Total Taxable Income of all the employees.
In case of Form 26/27/26Q/27Q,
this is equal to the total of all the amounts on which tax has been deducted at source.
Tax Deducted:
This is the Total Amount of tax actually deducted at source for all payments.
Tax Deposited:
This is the total of all the deposit challans. This is normally the same as Tax Deducted but at times may be different due to interest or other amount.
Are the control totals appearing in Form 27A same as that of Error/Response File?
Ans. Yes, the control totals in Form 27A and in Error/Response File are same.
What if any of the control totals mentioned in Form No. 27A do not match with that in e-TDS/TCS return?
Ans. In such a case the e-TDS/TCS return will not be accepted by the TIN-FC. You should ensure that the control totals generated by FVU and that mentioned on Form No. 27A match. In case of any difficulties/queries, you should contact the TIN-FC or TIN Call Centre at NSDL.
Where can I file my TDS/TCS return?
Ans. You can file your TDS/TCS return at any of the TIN-FCs managed by NSDL. TIN-FCs are set-up at specified locations across the country. Details are given in the NSDL-TIN website. These can also be furnished directly at NSDL-TIN web-site.
Will annual returns/quarterly statements furnished by entities who are eligible to file the same in physical form be accepted by the Income Tax Department?
Ans. No. Physical TDS/TCS returns/statements will be received at TIN-FCs
What are the basic details that should be included in the of e-TDS/TCS return?
Ans. Following information must be included in the e-TDS/TCS return for successful acceptance. If any of these essential details is missing, the returns will not be accepted at the TIN-FCs:
Correct Tax-deduction/collection Account Number (TAN) of the deductor/collector should be clearly mentioned in Form No. 27A as also in the e-TDS/TCS return, as required by sub-section (2) of section 203A of the Income-tax Act.
The particulars relating to deposit of tax deducted at source in the bank should be correctly and properly filled.
The data structure of the e-TDS/TCS return should be as per the structure prescribed by the e-Filing Administrator.
The Control Chart in Form No. 27A (enclosed in paper form with the e-TDS/TCS return on CD/floppy) should be duly filled and signed.
What are the charges for filing e-TDS/TCS return with TIN-FCs?
Ans. You have to pay charges as mentioned below:
Returns having up to 100 records : Rs.25
Returns having 101 to 1000 records : Rs.150
Returns having more than 1000 records : Rs.500
*The deductor/collector should also pay Service Tax as applicable.
What are the due dates for filing quarterly TDS Returns?
Ans. The due dates for filing quarterly TDS returns, both electronic and paper are as PER THIS LINK:
Is the procedure for filing of e-TCS different from that of filing e-TDS return?
Ans. The procedure for filing of e-TCS return is the same as that of e-TDS return. Quarterly statement: Form No 27EQ, 27A (Control Chart).The e-TCS returns are also to be filed with NSDL at the various TIN-FCs.
Should I file TDS certificates and bank challans along with the e-TDS/TCS return?
Ans. No, you need not file TDS certificates and bank challans for tax deposited along with the e-TDS/TCS return.
Can more than one e-TDS/TCS return be filed in a single computer media (CD/floppy)?
Ans. No, each e-TDS/TCS return should be in a separate CD/floppy along with separate Form No. 27A for each return.
Can a single e-TDS/TCS return be filed in two or more floppies?
Ans. No, if the size of the return is more than what can be stored in one floppy then it should be stored in a CD.
Can e-TDS/TCS return be filed in compressed form?
Ans. Yes, if e-TDS/TCS return file is filed in compressed form, it should be compressed using Winzip 8.1 or ZipItFast 3.0 (or higher version compression utility only), so as to ensure quick and smooth acceptance of the file.
Do I have to affix a label on the e-TDS/TCS return CD/floppy? What do I mention on the label affixed on the e-TDS/TCS return CD/floppy?
Ans. Yes, you should affix a label on the e-TDS/TCS CD/floppy for identification purpose. You should mention your PAN, TAN, name, Form No., Financial Year and period to which return pertains on the label affixed on the e-TDS/TCS return CD/floppy.
What if e-TDS/TCS return does not contain PANs of all deductees?
Ans. In case PANs of some of the deductees are not mentioned in your e-TDS/TCS return, the Provisional Receipt will contain the count of missing PANs in the e-TDS/TCS return. You may file the details of missing PANs within seven days of the date of Provisional Receipt to TIN-FC as a corrected e-TDS/TCS return.
If a deductor faces any difficulty in filing of e-TDS return where can it approach for help?
Ans. The details regarding the help required for filing of e-TDS are available on the Income-Tax Department website and the NSDL-TIN website. The TIN-FCs are also available for all related help in the e-filing of TDS returns.
Will the TIN-FC give any acknowledgment/receipt after acceptance of e-TDS/TCS return?
Ans. If the e-TDS/TCS return file is complete in all aspects, TIN-FC will issue a provisional receipt to you. The provisional receipt issued by TIN-FC is deemed to be the proof of e-TDS/TCS return filed by you.
What if my e-TDS/TCS return is not accepted by TIN-FC, how will I know the reason for rejection?
Ans. In case of non-acceptance of your e-TDS/TCS return file, TIN-FC will issue a Non-Acceptance Memo which will state reason for rejection.
Can I correct e-TDS/TCS annual return?
Ans. Yes, corrected e-TDS/TCS returns can be filed. You can file corrected e-TDS/TCS return on account of any rectification or after incorporating missing PAN(s) details with any TIN-FC.
How can I correct quarterly e-TDS/TCS statement?What is the manner of submission of corrected annual e-TDS/TCS return?
Ans. In case you are submitting corrected annual e-TDS/TCS return, you should file the entire e-TDS/TCS return (and not only the amendments to the e-TDS/TCS return) alongwith all the documents submitted at the time of filing original e-TDS/TCS return. You should also file a copy of the Provisional Receipt issued earlier for the original e-TDS/TCS return alongwith the corrected e-TDS/TCS return. You should also mention on the top right hand corner of Form 27A that e-TDS/TCS return being filed is on account of any rectification other than missing PAN(s) or on account of incorporation of missing PAN(s).
Can I file the corrected annual e-TDS/TCS return with any TIN-FC?
Ans. You can file the corrected e-TDS/TCS return at any TIN-FC.
Do I have to pay upload fee for filing corrected annual e-TDS/TCS return?
Ans. Yes. Upload fee is payable for each and every e-TDS/TCS return accepted by the TIN-FC, irrespective of whether it is a corrected e-TDS/TCS return or an original e-TDS/TCS return.
Will the TIN-FC give any acknowledgment/receipt after acceptance of corrected e-TDS/TCS return?
Ans. Yes, TIN-FC will issue a Provisional Receipt in case corrected e-TDS/TCS return file is valid and accepted by the TIN-FC. The Provisional Receipt issued by TIN-FC is deemed to be the proof of corrected e-TDS/TCS return filed by you.
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Ans. Annual e-TDS/TCS return is the TDS return under section 206 of the Income Tax Act (prepared in Form Nos. 24, 26 or 27) or TCS return under section 206C of the Income Tax Act (prepared in Form No. 27E), which is prepared in electronic media as per prescribed data structure. Such returns furnished in a CD/floppy should be accompanied by a signed verification in Form No. 27A in case of Annual TDS returns or Form No. 27B in case of Annual TCS return.
This returns are now not required ,however in case of form 24 annual return, annexure two in q4 return is to be filled.Moreover there is no need to file annual return form 26 ,27and 27e.
What is quarterly e-TDS/TCS statement?
Ans. TDS/TCS returns filed in electronic form as per section 200(3)/206C, as amended by Finance Act, 2005, are quarterly TDS/TCS statements. As per the Income Tax Act, these quarterly statements are required to be furnished from FY 2005-06 onwards. The forms used for quarterly e-TDS statements are Form Nos. 24Q, 26Q and 27Q and for quarterly e-TCS statement is Form No. 27EQ. These statements filed in CD/floppy should be accompanied by a signed verification in Form No. 27A in case of both e-TDS/TCS statements.
Who is required to file e-TDS/TCS return?
Ans. As per Income Tax Act, 1961, all corporate and government deductors/collectors are compulsorily required to file their TDS/TCS returns on electronic media (i.e. e-TDS/TCS returns). However, deductors/collectors other than corporate/government can file either in physical or in electronic form.
FROM 01.09.2007 ONWARDS SCOPE OF ETDS/ETCS STATEMENT HAS BBEN ENHANCED
e-TDS/TCS returns have been made mandatory for Government deductors. How do I know whether I am a Government deductor or not?
Ans. All Drawing and Disbursing Officers of Central and State Governments come under the category of Government deductors.
Under what provision should e-TDS/TCS returns be filed?
Ans. An e-TDS return should be filed under Section 206 of the Income Tax Act in accordance with the scheme dated August 26, 2003 for electronic filing of TDS return notified by the Central Board of Direct Taxes (CBDT) for this purpose. CBDT Circular No. 8 dated September 19, 2003 may also be referred. An e-TCS return should be filed under Section 206C of the Income Tax Act in accordance with the scheme dated March 30, 2005 for electronic filing of TCS return notified by the CBDT for this purpose. As per section 200(3)/206C, as amended by Finance Act 2005, deductors/collectors are required to file quarterly TDS/TCS statements from FY 2005-06 onwards.
Who is the e-Filing Administrator?
Ans. CBDT has appointed the Director General of Income Tax (Systems) as e-Filing Administrator for the purpose of electronic filing of TDS/TCS returns.
Who is an e-TDS/TCS Intermediary?
Ans. CBDT has appointed National Securities Depository Limited, (NSDL), Mumbai, as e-TDS/TCS Intermediary. NSDL has established TIN Facilitation Centres (TIN-FCs) across the country to facilitate deductors/collectors file their e-TDS/TCS returns.
How should the e-TDS/TCS return be prepared?
Ans. e-TDS/TCS return has to be prepared in the data format issued by e-Filing Administrator. There is a validation software (File Validation Utility) available along with the data structure which should be used to validate the data structure of the e-TDS/TCS return prepared. The e-TDS/TCS return should have following features:
1.Each e-TDS/TCS return file should be in a separate CD/floppy.
2.Each e-TDS/TCS return file should be accompanied by a duly filled and signed (by an authorised signatory) Form No. 27A in physical form.
3.Each e-TDS/TCS return file should be in one CD/floppy. It should not span across multiple floppies.
4.In case the size of an e-TDS/TCS return file exceeds the capacity of one floppy, it should be filed on a CD.
5.If an e-TDS return file is required to be compressed, it should be compressed using Winzip 8.1 or ZipItFast 3.0 compression utility (or higher version thereof) to ensure quick and smooth acceptance of the file.
6.Label should be affixed on each CD/floppy mentioning name of the deductor, his TAN, Form no. (i.e. 24q, 26q or 27q) and period to which the return pertains.
7.There should not be any overwriting/striking on Form No. 27A. If there is any, then the same should be ratified by an authorised signatory.
8.No bank challan or copy of TDS/TCS certificate should be filed alongwith e-TDS/TCS return file.
9.In case of Form Nos. 26q & 27q, deductor need not file physical copies of certificates of no deduction or lower deduction of TDS received from deductees.There is no such requirement in case of Form 24Q.
10.e-TDS/TCS return file should contain TAN of the deductor/collector without which, the return will not be accepted.
11.CD/floppy should be virus-free. In case any of these requirements are not met, the e-TDS/TCS return will not be accepted at TIN-FCs.
Is there any software available for preparation of e-TDS/TCS return?
Ans. NSDL has made available a freely downloadable return preparation utility for preparation of e-TDS/TCS returns. Additionally, you can develop your own software for this purpose or you may acquire software from various third party vendors.
Are the forms used for e-TDS/TCS return same as for physical returns?
Ans. Forms for filing TDS/TCS returns were notified by CBDT. These forms are same for electronic and physical returns. However, e-TDS/TCS return is to be prepared as a clean text ASCII file in accordance with the specified data structure (file format) prescribed by ITD.
What is Form No. 27A?
Ans. Form No. 27A is a control chart of quarterly e-TDS/TCS statements to be filed in paper form by deductors/collectors alongwith quarterly statements. It is a summary of e-TDS/TCS returns which contains control totals of 'amount paid' and 'income tax deducted at source'. The control totals of 'amount paid' and 'income tax deducted at source' mentioned on Form No. 27A should match with the corresponding control totals in e-TDS/TCS return. A separate Form No. 27A is to be filed for each e-TDS/TCS return.
What are the precautions to be taken while submitting Form No. 27A?
Ans. While submitting Form No. 27A, one should ensure that:
a) There is no overwriting/striking on Form No. 27A. If there is any, then the same should be ratified (signed) by the authorised signatory.
b) Name and TAN of deductor and control totals of 'amount paid' and 'income tax deducted at source' mentioned on Form No. 27A should match with the respective totals in the e-TDS/TCS return.
c) All the fields of Form No. 27A are duly filled.
What is the data structure (file format) for preparing e-TDS/TCS return?
Ans. e-TDS/TCS return should be prepared in accordance with the data structure (File Format) prescribed by the e-filing administrator. Separate data structure has been prescribed for each type of form whether it is annual return (up to FY 2004-05) or Quarterly return (FY 2005-06 onwards).
What is Challan Serial Number given by the Bank?
Ans. Bank Challan Number is a receipt number given by the bank branch where TDS is deposited. A separate receipt number is given for each challan deposited. You are required to mention this challan number in the e-TDS/TCS return and not the preprinted number on the bank challan form i.e. ITNS 281
What is 'Bank Branch Code'? Where do I get it from?
\Ans. Reserve Bank of India has allotted a unique seven-digit code to each bank branch. You are required to mention the code of the bank branch where TDS is deposited in the e-TDS/TCS return. You can get this code from the bank branch where TDS amount is deposited.
Is it mandatory to mention Tax Deduction Account Number (TAN) in e-TDS/TCS return?
Ans. Yes, it is mandatory to mention the 10 digit reformatted (new) TAN in your e-TDS/TCS return.
Can I file Form No. 26Q separately for contractors, professionals, interest etc.?
Ans. No. A single Form No. 26Q with separate annexures corresponding to each challan payment for each type of payment has to be filed for all payments made to residents.
I do not know the Bank Branch Code of the branch in which I deposited tax. Can I leave this field blank?
Ans. Bank Branch code or BSR code is a 7-digit code allotted to banks by RBI. This is different from the branch code, which is used for bank drafts etc. This number is given in the OLTAS challan or can be obtained from the bank branch or from the search facility at NSDL-TIN website. It is mandatory to quote BSR code both in challan details and deductee details. Hence, this field cannot be left blank. Government deductors transfer tax by book entry, in which case the BSR code can be left blank.
What should I mention in the field 'paid by book entry or otherwise' in deduction details?
Ans. If payment to the parties (on which TDS has been deducted) has been made actually i.e. by cash, cheque, demand draft or any other acceptable mode, then 'otherwise' has to be mentioned in the specified field. But if payment has not been actually made and merely a provision has been made on the last date of the accounting year, then the option 'Paid by Book Entry' has to be selected.
By whom should the control chart Form 27A be signed?
Ans. Form 27A is the summary of the TDS/TCS statement. It has to be signed by the same person who is authorized to sign the TDS/TCS statement in paper format.
What if e-TDS/TCS return does not contain PANs of all deductees?
Ans. In case PANs of some of the deductees are not mentioned in the e-TDS/TCS return, the Provisional Receipt will mention the count of missing PANs in the e-TDS/TCS return. The details of missing PANs (to the extent it can be collected from the deductees) may be filed within seven days of the date of Provisional Receipt to TIN-FC. e-TDS/TCS 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. The detail of missing/Incorrect pan can be corrected by filling Correction Return.
Is the Challan Identification Number compulsory?
Ans. Yes. Challan Identification Number is necessary for all non-Government deductors.
Is PAN mandatory for deductors and employees/deductees?
Ans. PAN of the deductors has to be given by non-Government deductors. It is essential to quote PAN of all deductees failing which credit of tax deducted will not be given.
I am a deductor having more than one office/branch, do I file separate e-TDS/TCS returns for each office/branch or can I file a consolidated return for all offices/branches? Can I quote the same TAN for filing e-TDS/TCS returns for each branch?
Ans. If you have more than one office/branch you can file a consolidated e-TDS/TCS return for all offices/branches. In this case you should quote the same TAN while deposit of tax(TDS) by all the Branches. You can also file e-TDS/TCS returns office/branch-wise individually. In such cases you need to have separate TAN for every branch. In case you do not have separate TAN for each branch then you should apply for TAN for each of the branches filing separate e-TDS/TCS return.
After I prepare my e-TDS/TCS return, is there any way I can check/verify whether it conforms to the prescribed data structure (file format)?
Ans. Yes, after you have prepared your e-TDS/TCS return you can check/verify the same by using the File Validation Utility (FVU). This utility is freely downloadable from the NSDL-TIN website.
What is File Validation Utility (FVU)?
Ans. FVU is a program developed by NSDL, which is used to ascertain whether the e-TDS/TCS return file contains any format level error(s). When you pass e-TDS/TCS return through FVU, it generates an 'error/response file'. If there are no errors in the e-TDS/TCS return file, error/response file will display the control totals. If there are errors, the error/response file will display the error location and error code along with the error code description. In case you find any error, you can rectify the error and pass the e-TDS/TCS return file again through the FVU till you get an error-free file.
What is the 'Upload File' in the new File Validation Utility?
Ans. Earlier the e-TDS/TCS return file after validating using File Validation Utility (FVU) had to be filed with TIN-FC. Now 'Upload File' that is generated by the FVU when the return is validated using the FVU has to be filed with TIN-FC. This 'upload file' is a file with the same filename as the 'input file' but with extension .fvu. Example 'input file' name is 27EQGov.txt, the upload file generated will be 27EQGov.fvu.
What are the platforms for execution of FVU?
Ans. For Annual Returns, FVU can be executed on any of the Windows platforms mentioned below: Win 95/Win 98/Win 2K Professional/Win 2K Server/Win NT 4.0 Server/Win XP Professional.For Quarterly Returns, Java has to be installed to run FVU. Details are given in FVU section of NSDL-TIN website.
What are the Control Totals appearing in the Error/Response File generated by validating the text file through File Validation Utility (FVU) of NSDL?
Ans. The Control Totals in Error/Response File are generated only when a valid file is generated. Otherwise, the Error/Response File shows the nature of error. The control totals are as under:
Number of deductee/party records:
In case of Form 24/24Q,
it is equal to the number of employees for which TDS return is being prepared.
In case of Form 26/27/26Q/27Q,
it is equal to the total number of records of tax deduction. 10 payments to 1 party would mean 10 deductee records.
Amount Paid: This is the Total Amount of all payments made on which tax was deducted.
In case of Form 24/24Q,
it is equal to the Total Taxable Income of all the employees.
In case of Form 26/27/26Q/27Q,
this is equal to the total of all the amounts on which tax has been deducted at source.
Tax Deducted:
This is the Total Amount of tax actually deducted at source for all payments.
Tax Deposited:
This is the total of all the deposit challans. This is normally the same as Tax Deducted but at times may be different due to interest or other amount.
Are the control totals appearing in Form 27A same as that of Error/Response File?
Ans. Yes, the control totals in Form 27A and in Error/Response File are same.
What if any of the control totals mentioned in Form No. 27A do not match with that in e-TDS/TCS return?
Ans. In such a case the e-TDS/TCS return will not be accepted by the TIN-FC. You should ensure that the control totals generated by FVU and that mentioned on Form No. 27A match. In case of any difficulties/queries, you should contact the TIN-FC or TIN Call Centre at NSDL.
Where can I file my TDS/TCS return?
Ans. You can file your TDS/TCS return at any of the TIN-FCs managed by NSDL. TIN-FCs are set-up at specified locations across the country. Details are given in the NSDL-TIN website. These can also be furnished directly at NSDL-TIN web-site.
Will annual returns/quarterly statements furnished by entities who are eligible to file the same in physical form be accepted by the Income Tax Department?
Ans. No. Physical TDS/TCS returns/statements will be received at TIN-FCs
What are the basic details that should be included in the of e-TDS/TCS return?
Ans. Following information must be included in the e-TDS/TCS return for successful acceptance. If any of these essential details is missing, the returns will not be accepted at the TIN-FCs:
Correct Tax-deduction/collection Account Number (TAN) of the deductor/collector should be clearly mentioned in Form No. 27A as also in the e-TDS/TCS return, as required by sub-section (2) of section 203A of the Income-tax Act.
The particulars relating to deposit of tax deducted at source in the bank should be correctly and properly filled.
The data structure of the e-TDS/TCS return should be as per the structure prescribed by the e-Filing Administrator.
The Control Chart in Form No. 27A (enclosed in paper form with the e-TDS/TCS return on CD/floppy) should be duly filled and signed.
What are the charges for filing e-TDS/TCS return with TIN-FCs?
Ans. You have to pay charges as mentioned below:
Returns having up to 100 records : Rs.25
Returns having 101 to 1000 records : Rs.150
Returns having more than 1000 records : Rs.500
*The deductor/collector should also pay Service Tax as applicable.
What are the due dates for filing quarterly TDS Returns?
Ans. The due dates for filing quarterly TDS returns, both electronic and paper are as PER THIS LINK:
Is the procedure for filing of e-TCS different from that of filing e-TDS return?
Ans. The procedure for filing of e-TCS return is the same as that of e-TDS return. Quarterly statement: Form No 27EQ, 27A (Control Chart).The e-TCS returns are also to be filed with NSDL at the various TIN-FCs.
Should I file TDS certificates and bank challans along with the e-TDS/TCS return?
Ans. No, you need not file TDS certificates and bank challans for tax deposited along with the e-TDS/TCS return.
Can more than one e-TDS/TCS return be filed in a single computer media (CD/floppy)?
Ans. No, each e-TDS/TCS return should be in a separate CD/floppy along with separate Form No. 27A for each return.
Can a single e-TDS/TCS return be filed in two or more floppies?
Ans. No, if the size of the return is more than what can be stored in one floppy then it should be stored in a CD.
Can e-TDS/TCS return be filed in compressed form?
Ans. Yes, if e-TDS/TCS return file is filed in compressed form, it should be compressed using Winzip 8.1 or ZipItFast 3.0 (or higher version compression utility only), so as to ensure quick and smooth acceptance of the file.
Do I have to affix a label on the e-TDS/TCS return CD/floppy? What do I mention on the label affixed on the e-TDS/TCS return CD/floppy?
Ans. Yes, you should affix a label on the e-TDS/TCS CD/floppy for identification purpose. You should mention your PAN, TAN, name, Form No., Financial Year and period to which return pertains on the label affixed on the e-TDS/TCS return CD/floppy.
What if e-TDS/TCS return does not contain PANs of all deductees?
Ans. In case PANs of some of the deductees are not mentioned in your e-TDS/TCS return, the Provisional Receipt will contain the count of missing PANs in the e-TDS/TCS return. You may file the details of missing PANs within seven days of the date of Provisional Receipt to TIN-FC as a corrected e-TDS/TCS return.
If a deductor faces any difficulty in filing of e-TDS return where can it approach for help?
Ans. The details regarding the help required for filing of e-TDS are available on the Income-Tax Department website and the NSDL-TIN website. The TIN-FCs are also available for all related help in the e-filing of TDS returns.
Will the TIN-FC give any acknowledgment/receipt after acceptance of e-TDS/TCS return?
Ans. If the e-TDS/TCS return file is complete in all aspects, TIN-FC will issue a provisional receipt to you. The provisional receipt issued by TIN-FC is deemed to be the proof of e-TDS/TCS return filed by you.
What if my e-TDS/TCS return is not accepted by TIN-FC, how will I know the reason for rejection?
Ans. In case of non-acceptance of your e-TDS/TCS return file, TIN-FC will issue a Non-Acceptance Memo which will state reason for rejection.
Can I correct e-TDS/TCS annual return?
Ans. Yes, corrected e-TDS/TCS returns can be filed. You can file corrected e-TDS/TCS return on account of any rectification or after incorporating missing PAN(s) details with any TIN-FC.
How can I correct quarterly e-TDS/TCS statement?What is the manner of submission of corrected annual e-TDS/TCS return?
Ans. In case you are submitting corrected annual e-TDS/TCS return, you should file the entire e-TDS/TCS return (and not only the amendments to the e-TDS/TCS return) alongwith all the documents submitted at the time of filing original e-TDS/TCS return. You should also file a copy of the Provisional Receipt issued earlier for the original e-TDS/TCS return alongwith the corrected e-TDS/TCS return. You should also mention on the top right hand corner of Form 27A that e-TDS/TCS return being filed is on account of any rectification other than missing PAN(s) or on account of incorporation of missing PAN(s).
Can I file the corrected annual e-TDS/TCS return with any TIN-FC?
Ans. You can file the corrected e-TDS/TCS return at any TIN-FC.
Do I have to pay upload fee for filing corrected annual e-TDS/TCS return?
Ans. Yes. Upload fee is payable for each and every e-TDS/TCS return accepted by the TIN-FC, irrespective of whether it is a corrected e-TDS/TCS return or an original e-TDS/TCS return.
Will the TIN-FC give any acknowledgment/receipt after acceptance of corrected e-TDS/TCS return?
Ans. Yes, TIN-FC will issue a Provisional Receipt in case corrected e-TDS/TCS return file is valid and accepted by the TIN-FC. The Provisional Receipt issued by TIN-FC is deemed to be the proof of corrected e-TDS/TCS return filed by you.
you may also read:
INCONSISTENCIES IN ETDS RETURN
FAQ ON TAN
WHAT IS OLTAS
TIN-NSDL
WHAT IS PAN LEDGER
DUE DATE FOR FILLING ETDS RETURN
FREE SOFTWARE FOR ETDS RETURN
HOME
0 Frequently Asked Questions (About TAN)
What is TAN?
Ans. TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. It is compulsory to quote TAN in all TDS/TCS returns (including e-TDS/TCS return), TDS/TCS payment challans and TDS/TCS certificates.
Why is it necessary to have TAN?
Ans. The provisions of Section 203A of the Income-tax Act, 1961 require all persons who deduct or collect tax at source to apply for the allotment of TAN. The section also makes it mandatory to quote TAN in all TDS/TCS/Annual Information Returns, payment challans and certificates to be issued. If TAN is not quoted, TDS/TCS returns will not be accepted by TIN-Faciliation Centres (TIN-FCs) and challans for TDS/TCS payments will not be accepted by banks. Failure to apply for TAN or not quoting the same in the specified documents attracts a penalty of Rs. 10,000.
Who must apply for TAN?
Ans. All those persons who are required to deduct/collect tax at source on behalf of Income Tax Department are required to apply for and obtain TAN.
What is the procedure to obtain a TAN?
Ans. An application for allotment of TAN is to be filed in Form 49B and submitted to any TIN-FC. Addresses of TIN-FCs are available at NSDL-TIN website. Alternatively, you can apply for TAN online at the NSDL-TIN website.
From where can I obtain Form 49B?
Ans. Form 49B is freely downloadable from NSDL-TIN website. It is also available at TIN-FCs. Legible photocopies of Form 49B or forms legibly printed exactly as per the format prescribed by ITD are also allowed to be used.
Who will allot TAN?
Ans. TAN is allotted by the Income-tax Department on the basis of the application submitted online at NSDL-TIN website or to TIN-FCs managed by NSDL. NSDL will intimate the TAN to the applicant at the address provided in the application.
Can an application for TAN be made on a plain paper?
Ans. No. TAN Application can be made only on Form 49B. The application form can be downloaded from ITD website or NSDL-TIN website or may be obtained from any other source. The application is also available at TIN-FCs.
Can Form 49B be filled on a typewriter?
Ans. Yes. But typing should be in capital letters with good impression.
What documents should be submitted alongwith the TAN application?
Ans. No documents are required to be submitted along with the application for allotment of TAN. However, where the application is being made online, the signed acknowledgment which is generated after filling up the form should be forwarded to NSDL. Detailed guidelines for submission of application are available on NSDL-TIN website.
Is a separate TAN required to be obtained for the purpose of Tax Collection at Source (TCS)?
Ans. No. TAN which was allotted for Tax Deduction at Source (TDS) can be used for the purpose of TCS. However, if no TAN has been allotted, a duly filled in Form 49B, alongwith the application fees should be submitted at any TIN-FC.
What if incomplete form 49B is submitted?
Ans. If you are submitting the form at a TIN-FC, the TIN-FC will assist you in correctly filling up Form 49B. Incomplete or deficient applications will not be accepted.
Are there any charges to be paid while submitting application for TAN?
Ans. A fee of Rs. 50 + service tax (as applicable) should be paid as processing fee at the TIN-FC at the time of submitting Form 49B. If you are applying for TAN online, then the payment can be made vide cheque, demand draft or credit card as per the guidelines given in the NSDL-TIN website.
How will the new TAN number be intimated to the applicant?
Ans. An allotment letter is dispatched by NSDL at the address provided in Form 49B.
How can I enquire about the status of my application?
Ans. You can inquire the status of your application by accessing NSDL-TIN website at the "Status track" option and quoting your unique 14-digit acknowledgement number after three days of your application.
If a deductor/collector has a TAN as per the old format or if he has earlier applied, but has not been allotted TAN, what should he do?
Ans. TIN-FC will help the deductors/collectors in ascertaining their correct TAN from the database available with them. TAN can also be verified from ITD’s website, wherein there is a facility to find new TAN against old TAN / name and address of the deductor/collector. In case no TAN has been allotted, the deductor will have to file an application in Form 49B along with application fee (Rs 50+ service tax as applicable) either at any TIN-FC or online at NSDL-TIN website.
Where can I find the address of the nearest TIN-FC?
Ans. Addresses of all TIN-FCs is available on NSDL-TIN website.
Is it necessary to apply for different TAN if a deductor has to deduct tax from different types of payments like salary, interest, dividend etc.?
Ans. No. TAN once allotted can be used for all type of deductions/collections.
Should Government deductors apply for TAN?
Ans. Yes. All Government deductors are also required to quote the TAN on their TDS / TCS / Annual Information Returns.
In case of multiple DDOs, should all of them apply for TAN?
Ans. Yes. In such case, the name of the Division; name and location of branch or the designation of the person responsible for deducting/collecting tax, whichever is applicable, should be clearly given in the application for allotment of TAN.
Can branches of companies/banks have separate TANs?
Ans. Yes. The name and location of branch or the designation of the person responsible for deducting/collecting tax, whichever is applicable, should be clearly given in the application for allotment of TAN.
Can a TDS/TCS/Annual Information return be filed without TAN in case TAN has not been allotted?
Ans. Quoting of TAN is mandatory in all TDS/TCS/Annual Information returns, whether filed in paper or electronic format. The return, whether in paper or electronic format, will not be received in case correct TAN is not quoted.
Can I quote PAN in place of TAN?
Ans. No. PAN should never be quoted in the field where TAN is required to be quoted. The purposes for which PAN and TAN are allotted are different. TAN is a unique identification number which is allotted to persons who are deducting or collecting tax at source on behalf of the Income Tax Department. PAN is a unique number allotted to assessees like individuals, companies etc.
What is duplicate TAN?
Ans. Duplicate TAN is a TAN which has been inadvertently obtained by a person who is responsible for deducting/collecting tax and who already has a TAN allotted to him. It is illegal to possess or use more than one TAN. Different branches/divisions of an entity may, however, have separate TANs.
In case duplicate TAN has been allotted, which TAN should be used?
Ans. In case duplicate TANs have been allotted, the TAN which has been used regularly should be continued to be used. The other TAN/s should be surrendered for cancellation using 'Form for Changes or Correction in TAN' which can be downloaded from NSDL-TIN website or may be procured from TIN-FCs or other vendors. Moreover check which TAN is correctly represent your assessing officer.You may also surrender your duplicate tan by writting a letter to your TDS Assessing Officer on a plain paper without depositing any fees.but do not forget to take receipt of the letter for future refrence if any required latar on.
What should I do if I have been allotted a duplicate TAN by oversight?
Ans. In case duplicate TAN has been allotted, an application may be made for cancellation of the TAN which has not been used in the ‘Form for Changes or Correction in TAN’ which can be downloaded from NSDL-TIN website or may be procured from TIN-FCs or other vendors.
How can the change in address or details on the basis of which TAN was allotted be communicated to Income Tax Department?
Ans. Any change or corrections in the data associated with the TAN, should be communicated to ITD by filing up 'Form for Changes or Correction in TAN data for TAN allotted' alongwith the necessary fees at any of the TINFCs, or at NSDL-TIN website.
What are the charges I have to pay while submitting the 'Form for Changes or Correction in TAN data for TAN allotted'?
Ans. You have to pay Rs. 50 (plus service tax, as applicable) to NSDL/TIN-FC as processing fees while submitting your application at the TIN-FC or making online application.
If I change my address, should I inform ITD or should I apply for a new TAN?
Ans. Change of address within a jurisdiction does not change the TAN. However, it may involve a change in the Assessing Officer. Such changes must, therefore, be intimated to ITD so that the TAN database of ITD can be updated. In case of change of address from one jurisdiction to other (e.g. address changes from Bangalore to Mumbai) a new TAN needs to be applied for and previous TAN needs to be surrendered on allotment of fresh TAN.
How can one find out Assessing Officer (AO) Details?
Ans. Assessing Officer Details are available at NSDL-TIN website.
What can serve as proof of TAN in case one has lost the TAN allotment letter?
Ans. Printout of the webpage showing details of TAN, from the Income Tax Department's website can serve as proof of TAN.
Is it necessary to flle ETDS/ETCS return ,if valid TAN is allotted ,But there is no deduction in a particular qtr?
Ans. No,it is not mandatory.but if return is not going to filed in future also due to
1.Subbmission by headoffice.
2.change of status of assessee like individual to firm.
3. disclosure of business etc .
than surrender your Tan to dept. you may also read other article related to this topic
1.NON FILLING OF ETDS/ETCS STATEMENT
2.IF THERE IS NO DEDUCTION IN A QTR
HOME
Read more >>
Ans. TAN or Tax Deduction and Collection Account Number is a 10 digit alpha numeric number required to be obtained by all persons who are responsible for deducting or collecting tax. It is compulsory to quote TAN in all TDS/TCS returns (including e-TDS/TCS return), TDS/TCS payment challans and TDS/TCS certificates.
Why is it necessary to have TAN?
Ans. The provisions of Section 203A of the Income-tax Act, 1961 require all persons who deduct or collect tax at source to apply for the allotment of TAN. The section also makes it mandatory to quote TAN in all TDS/TCS/Annual Information Returns, payment challans and certificates to be issued. If TAN is not quoted, TDS/TCS returns will not be accepted by TIN-Faciliation Centres (TIN-FCs) and challans for TDS/TCS payments will not be accepted by banks. Failure to apply for TAN or not quoting the same in the specified documents attracts a penalty of Rs. 10,000.
Who must apply for TAN?
Ans. All those persons who are required to deduct/collect tax at source on behalf of Income Tax Department are required to apply for and obtain TAN.
What is the procedure to obtain a TAN?
Ans. An application for allotment of TAN is to be filed in Form 49B and submitted to any TIN-FC. Addresses of TIN-FCs are available at NSDL-TIN website. Alternatively, you can apply for TAN online at the NSDL-TIN website.
From where can I obtain Form 49B?
Ans. Form 49B is freely downloadable from NSDL-TIN website. It is also available at TIN-FCs. Legible photocopies of Form 49B or forms legibly printed exactly as per the format prescribed by ITD are also allowed to be used.
Who will allot TAN?
Ans. TAN is allotted by the Income-tax Department on the basis of the application submitted online at NSDL-TIN website or to TIN-FCs managed by NSDL. NSDL will intimate the TAN to the applicant at the address provided in the application.
Can an application for TAN be made on a plain paper?
Ans. No. TAN Application can be made only on Form 49B. The application form can be downloaded from ITD website or NSDL-TIN website or may be obtained from any other source. The application is also available at TIN-FCs.
Can Form 49B be filled on a typewriter?
Ans. Yes. But typing should be in capital letters with good impression.
What documents should be submitted alongwith the TAN application?
Ans. No documents are required to be submitted along with the application for allotment of TAN. However, where the application is being made online, the signed acknowledgment which is generated after filling up the form should be forwarded to NSDL. Detailed guidelines for submission of application are available on NSDL-TIN website.
Is a separate TAN required to be obtained for the purpose of Tax Collection at Source (TCS)?
Ans. No. TAN which was allotted for Tax Deduction at Source (TDS) can be used for the purpose of TCS. However, if no TAN has been allotted, a duly filled in Form 49B, alongwith the application fees should be submitted at any TIN-FC.
What if incomplete form 49B is submitted?
Ans. If you are submitting the form at a TIN-FC, the TIN-FC will assist you in correctly filling up Form 49B. Incomplete or deficient applications will not be accepted.
Are there any charges to be paid while submitting application for TAN?
Ans. A fee of Rs. 50 + service tax (as applicable) should be paid as processing fee at the TIN-FC at the time of submitting Form 49B. If you are applying for TAN online, then the payment can be made vide cheque, demand draft or credit card as per the guidelines given in the NSDL-TIN website.
How will the new TAN number be intimated to the applicant?
Ans. An allotment letter is dispatched by NSDL at the address provided in Form 49B.
How can I enquire about the status of my application?
Ans. You can inquire the status of your application by accessing NSDL-TIN website at the "Status track" option and quoting your unique 14-digit acknowledgement number after three days of your application.
If a deductor/collector has a TAN as per the old format or if he has earlier applied, but has not been allotted TAN, what should he do?
Ans. TIN-FC will help the deductors/collectors in ascertaining their correct TAN from the database available with them. TAN can also be verified from ITD’s website, wherein there is a facility to find new TAN against old TAN / name and address of the deductor/collector. In case no TAN has been allotted, the deductor will have to file an application in Form 49B along with application fee (Rs 50+ service tax as applicable) either at any TIN-FC or online at NSDL-TIN website.
Where can I find the address of the nearest TIN-FC?
Ans. Addresses of all TIN-FCs is available on NSDL-TIN website.
Is it necessary to apply for different TAN if a deductor has to deduct tax from different types of payments like salary, interest, dividend etc.?
Ans. No. TAN once allotted can be used for all type of deductions/collections.
Should Government deductors apply for TAN?
Ans. Yes. All Government deductors are also required to quote the TAN on their TDS / TCS / Annual Information Returns.
In case of multiple DDOs, should all of them apply for TAN?
Ans. Yes. In such case, the name of the Division; name and location of branch or the designation of the person responsible for deducting/collecting tax, whichever is applicable, should be clearly given in the application for allotment of TAN.
Can branches of companies/banks have separate TANs?
Ans. Yes. The name and location of branch or the designation of the person responsible for deducting/collecting tax, whichever is applicable, should be clearly given in the application for allotment of TAN.
Can a TDS/TCS/Annual Information return be filed without TAN in case TAN has not been allotted?
Ans. Quoting of TAN is mandatory in all TDS/TCS/Annual Information returns, whether filed in paper or electronic format. The return, whether in paper or electronic format, will not be received in case correct TAN is not quoted.
Can I quote PAN in place of TAN?
Ans. No. PAN should never be quoted in the field where TAN is required to be quoted. The purposes for which PAN and TAN are allotted are different. TAN is a unique identification number which is allotted to persons who are deducting or collecting tax at source on behalf of the Income Tax Department. PAN is a unique number allotted to assessees like individuals, companies etc.
What is duplicate TAN?
Ans. Duplicate TAN is a TAN which has been inadvertently obtained by a person who is responsible for deducting/collecting tax and who already has a TAN allotted to him. It is illegal to possess or use more than one TAN. Different branches/divisions of an entity may, however, have separate TANs.
In case duplicate TAN has been allotted, which TAN should be used?
Ans. In case duplicate TANs have been allotted, the TAN which has been used regularly should be continued to be used. The other TAN/s should be surrendered for cancellation using 'Form for Changes or Correction in TAN' which can be downloaded from NSDL-TIN website or may be procured from TIN-FCs or other vendors. Moreover check which TAN is correctly represent your assessing officer.You may also surrender your duplicate tan by writting a letter to your TDS Assessing Officer on a plain paper without depositing any fees.but do not forget to take receipt of the letter for future refrence if any required latar on.
What should I do if I have been allotted a duplicate TAN by oversight?
Ans. In case duplicate TAN has been allotted, an application may be made for cancellation of the TAN which has not been used in the ‘Form for Changes or Correction in TAN’ which can be downloaded from NSDL-TIN website or may be procured from TIN-FCs or other vendors.
How can the change in address or details on the basis of which TAN was allotted be communicated to Income Tax Department?
Ans. Any change or corrections in the data associated with the TAN, should be communicated to ITD by filing up 'Form for Changes or Correction in TAN data for TAN allotted' alongwith the necessary fees at any of the TINFCs, or at NSDL-TIN website.
What are the charges I have to pay while submitting the 'Form for Changes or Correction in TAN data for TAN allotted'?
Ans. You have to pay Rs. 50 (plus service tax, as applicable) to NSDL/TIN-FC as processing fees while submitting your application at the TIN-FC or making online application.
If I change my address, should I inform ITD or should I apply for a new TAN?
Ans. Change of address within a jurisdiction does not change the TAN. However, it may involve a change in the Assessing Officer. Such changes must, therefore, be intimated to ITD so that the TAN database of ITD can be updated. In case of change of address from one jurisdiction to other (e.g. address changes from Bangalore to Mumbai) a new TAN needs to be applied for and previous TAN needs to be surrendered on allotment of fresh TAN.
How can one find out Assessing Officer (AO) Details?
Ans. Assessing Officer Details are available at NSDL-TIN website.
What can serve as proof of TAN in case one has lost the TAN allotment letter?
Ans. Printout of the webpage showing details of TAN, from the Income Tax Department's website can serve as proof of TAN.
Is it necessary to flle ETDS/ETCS return ,if valid TAN is allotted ,But there is no deduction in a particular qtr?
Ans. No,it is not mandatory.but if return is not going to filed in future also due to
1.Subbmission by headoffice.
2.change of status of assessee like individual to firm.
3. disclosure of business etc .
than surrender your Tan to dept. you may also read other article related to this topic
1.NON FILLING OF ETDS/ETCS STATEMENT
2.IF THERE IS NO DEDUCTION IN A QTR
HOME
0 use E-seva by ICAI(Institute of chartered accountants of India
THIS FOR CHARTERED ACCOUNTANTS (CA) ONLY
The ICAI has presently giving following services to members online at this link
Services to Members
Registration
you can fill following forms online, print them & send printed forms along with proof.
1.COP registeration(Form-6)
2. Fellowship registration(form-3)
3. Member restoration(form-9)
4. COP restoration(form-101)
Members profile
1. profile-you can check your profile.
2. online deposit of Annual membership fees through credit/debit card.
3. Edit communication address
4. Check/Edit Employement /Firm Detail
Services to FIRMS
1. Firm name approval(form 117)
2.Firm Constitution (form 18)
3 . Firm Reconstitution(Form 18)
Register yourself and take the benefit
Read more >>
The ICAI has presently giving following services to members online at this link
Services to Members
Registration
you can fill following forms online, print them & send printed forms along with proof.
1.COP registeration(Form-6)
2. Fellowship registration(form-3)
3. Member restoration(form-9)
4. COP restoration(form-101)
Members profile
1. profile-you can check your profile.
2. online deposit of Annual membership fees through credit/debit card.
3. Edit communication address
4. Check/Edit Employement /Firm Detail
Services to FIRMS
1. Firm name approval(form 117)
2.Firm Constitution (form 18)
3 . Firm Reconstitution(Form 18)
Register yourself and take the benefit
0 AIR(ANNUAL INFORMATION REPORT) DETAIL IN NEW ITR FORMS
WHAT TYPE OF ENTRIES TO BE REPORTED.
In all the new ITR(Income Tax Return) forms an information about following transaction has been demanded.And what i observe that person are normally ignoring this and leaving this detail blank.
1.Cash deposits aggregating to ten lakh rupees or more in a year in any savings account by you maintained in a banking company to which the Banking Regulation Act, 1949 (10 of 1949),applied (including any bank or banking institution referred to in section 51 of the Act.
2.Payment made by you against bills raised in respect of a credit card aggregating to two lakh rupees or more in a year.
3.Payment made by you of an amount of two lakh rupees or more for purchase of units of Mutual Fund.
4.Payment made by you of an amount of five lakh rupees or more for acquiring bonds or debentures issued by a company or institution.
5.Payment made by you of an amount of one lakh rupees or more for acquiring shares issued by a company.
6.Purchase by you of any immovable property valued at thirty lakh rupees or more.
7.Sale by you of any immovable property valued at thirty lakh rupees or more.
8.Payment made by you of an amount of five lakh rupees or more in a year for investment in bonds issued by Reserve Bank of India.
WHETHER DEPT HAS SOME SOURCE TO CROSS VERIFY THE TRANSACTION
Now the dept is ready to cross verifying your detail with AIR(Annual Information Return).In all the above transaction some one is responsible to file the AIR and file it to income tax dept. through TIN_NSDL .but it was published some where that in almost 60 % of the entries reported in AIR does not have a PAN.The reason behind that is person doing this transaction are not giving their Pan to the person who are liable to file the return. Though this % is reducing day by day but yet it is a large %.
HOW DEPT WILL MATCH TRANSACTION IF PAN HAS NOT BEEN SUPPLIED
generally public think that if PAN is not supplied than our transaction can not be traced by the dept. To some extent they are right but not 100 % .In new era of computersiation it is possible to trace transaction without Pan.
A software has been developed by the DIT(systems) to match the transaction without pan in Air.According to tender floated on income tax website there are 8,00,000 transaction without Pan reported in AIR and department has a Pan database of 5 crore.The software will detect two possible Pan for the every transaction without Pan reported in Air on the basis of, Name of the person,address etc,then each suggested pan for a particular transaction by the software will be verify by the person manually on the the basis of other parameters not checked by the software . after the complete verification pan will be assigned to the transaction.in this process in my view dept will have a success almost 60-70 % .
So person who are not reporting information in new ITR by presuming that if pan not given transaction can not be traced ,should reconsider it and should ready themselves according to alertness of income tax dept.
Read more >>
In all the new ITR(Income Tax Return) forms an information about following transaction has been demanded.And what i observe that person are normally ignoring this and leaving this detail blank.
1.Cash deposits aggregating to ten lakh rupees or more in a year in any savings account by you maintained in a banking company to which the Banking Regulation Act, 1949 (10 of 1949),applied (including any bank or banking institution referred to in section 51 of the Act.
2.Payment made by you against bills raised in respect of a credit card aggregating to two lakh rupees or more in a year.
3.Payment made by you of an amount of two lakh rupees or more for purchase of units of Mutual Fund.
4.Payment made by you of an amount of five lakh rupees or more for acquiring bonds or debentures issued by a company or institution.
5.Payment made by you of an amount of one lakh rupees or more for acquiring shares issued by a company.
6.Purchase by you of any immovable property valued at thirty lakh rupees or more.
7.Sale by you of any immovable property valued at thirty lakh rupees or more.
8.Payment made by you of an amount of five lakh rupees or more in a year for investment in bonds issued by Reserve Bank of India.
WHETHER DEPT HAS SOME SOURCE TO CROSS VERIFY THE TRANSACTION
Now the dept is ready to cross verifying your detail with AIR(Annual Information Return).In all the above transaction some one is responsible to file the AIR and file it to income tax dept. through TIN_NSDL .but it was published some where that in almost 60 % of the entries reported in AIR does not have a PAN.The reason behind that is person doing this transaction are not giving their Pan to the person who are liable to file the return. Though this % is reducing day by day but yet it is a large %.
HOW DEPT WILL MATCH TRANSACTION IF PAN HAS NOT BEEN SUPPLIED
generally public think that if PAN is not supplied than our transaction can not be traced by the dept. To some extent they are right but not 100 % .In new era of computersiation it is possible to trace transaction without Pan.
A software has been developed by the DIT(systems) to match the transaction without pan in Air.According to tender floated on income tax website there are 8,00,000 transaction without Pan reported in AIR and department has a Pan database of 5 crore.The software will detect two possible Pan for the every transaction without Pan reported in Air on the basis of, Name of the person,address etc,then each suggested pan for a particular transaction by the software will be verify by the person manually on the the basis of other parameters not checked by the software . after the complete verification pan will be assigned to the transaction.in this process in my view dept will have a success almost 60-70 % .
So person who are not reporting information in new ITR by presuming that if pan not given transaction can not be traced ,should reconsider it and should ready themselves according to alertness of income tax dept.
0 CREDIT OF TDS PRO RATA BASIS IN PROPORTION TO INCOME
ABSTRACT OF THE CASE:
1). Credit of TDS(tax deducted at source) is governed by the section 199 of income tax.Method of accounting adopted by deductee does not matter.
2.Credit of TDS will be allowed on pro rata basis according to income taken in return of a particular year, on which TDS has been deducted,
3. main reference : section 199 and circular. 5/2001
IN SIMPLE WORDS YOU CAN NOT CLAIM TDS CREDIT IF YOU HAVE NOT SHOWN ALL THE INCOME ON WHICH TAX IS DEDUCTED IN YOUR RETURN INCOME.
In the ITAT Chandigarh Bench ‘B’ (Third Member)
Pardeep Kumar Dhir
v.
Assistant Commissioner of Income-tax, C.C.-IV, Ludhiana
Section 199 of the Income-tax Act, 1961 - Deduction of tax at source - Credit for tax deducted - Assessment year 2003-04 - Whether assessee will not be entitled to have benefit or credit for amount of tax deducted though mentioned in certificate for an assessment year, if income relatable to that amount is not shown and is not assessable in that assessment year - Held, yes - Whether therefore, if instead of entire income referable to amount of tax deducted, only a portion of income is found assessable, benefit has to be allowed only on portion shown and credit for balance TDS can be allowed only in future when balance of such income is assessable - Held, yes
Circulars & clarifications - Circular No. 5/2001, dated 2-3-2007
Facts
The assessee, engaged in the business of commission agent, was following the cash accounting system. He claimed in its return, credit for TDS deducted and paid by various parties as per certificate of such deduction issued to him. However, since the entire amount of commission mentioned in TDS certificate was not actually paid, the assessee only showed the commission, which was actually received by him in the relevant period. The Assessing Officer held that credit of tax deducted could be allowed only to the extent, the income was shown as assessable in the light of the provision of section 199. As entire income referred to in the TDS certificate was not disclosed, the Assessing Officer allowed credit of TDS on a pro rata basis. The Assessing Officer held that the balance credit would be allowable in the year in which the balance income would be shown as assessable. On appeal, the Commissioner (Appeals) upheld the impugned order. On second appeal, the Accountant Member held that TDS is akin to advance tax and credit for the same is required to be given in the same manner as is given for advance tax under section 219. The Judicial Member, however, concurred with the view of the Commissioner (Appeals). Since there was a difference of opinion between the two Members, the matter was referred to the Third Member.
Held [Per Third Member]
The Accountant Member was not right in holding that the tax deducted at source is advance tax and credit for the same is to be given to the assessee in terms of section 219. The said section, as rightly pointed out by the Judicial Member, had no application in the instant case. There is a specific section, i.e., section 199 under which credit has to be allowed to the assessee of tax deducted at source when certificate is furnished under section 203. [Para 10]
As per the provision of section 199, credit is to be given to the assessee for the amount so deducted in the assessment made under the Act for the assessment year for which such income is assessable. So, the important conditions for getting benefit of TDS as per section 199 are : (a) the assessee should produce the certificate for the amount of tax deducted at source; (b) show that income subjected to TDS is disclosed in the return of the assessment year as ‘assessable’. [Para 11]
Thus, both the conditions mentioned are to be satisfied. It is, therefore, clear that the assessee will not be entitled to have benefit or credit for the amount though mentioned in the certificate for the assessment year if income relatable to the amount is not shown and is not assessable in that assessment year. If instead of entire income referable to amount of tax deducted, only a portion of income is found assessable, the benefit has to be allowed only on the portion shown. If balance income, on account of system of accounting followed by the assessee or for some other reason is found to be assessable in future, then the credit for the balance TDS can be allowed only in future when income is assessable. Credit allowed on pro rata basis in the year in which the certificate is issued and also in future where balance of such income is found to be assessable is as per the mandate of provision of section 199. Any amount, which has not been assessed in any year but referred in the TDS certificate, cannot be claimed under section 199. The Assessing Officer and the Judicial Member were right in holding that credit on pro rata basis had to be allowed. [Para 11.1]
The CBDT Circular No. 5/2001, dated 2-3-2001 also supports the view that where tax is deducted from the amount which is liable to be assessed and spread over more than one financial year, credit shall be allowed for TDS on pro rata basis and in the same proportion in which such income is offered for taxation in different assessment years. [Para 13]
There is no quarrel with the proposition that the income must be computed as per system of accounting regularly followed by the assessee, but it cannot be agreed with that the credit for the tax deducted at source is to be allowed as per any system of accounting followed by the assessee. In the instant case, there was no dispute regarding cash system of accounting followed by the assessee and his income had been computed as per said system. No addition had been made for income, which the assessee was ‘entitled’ to receive, but did not actually receive. No credit for TDS on such non-assessable income could be claimed. Benefit for the tax deducted at source is to be allowed as per statutory provisions contained in section 199. It has nothing to do with the system of accounting followed by the assessee. Further, there is no dispute that the revenue should have a consistent approach, but the said principle of law has no application where interpretation of statutory provisions is involved. If in a particular year a statutory provision is wrongly interpreted and applied, the revenue can correct the error as income is required to be computed by correctly applying and enforcing law. Error cannot be perpetuated. Therefore, on correct interpretation of section 199, the Assessing Officer was right in allowing credit for tax deducted at source on pro rata basis. The credit for the balance amount mentioned in the certificate was to be allowed in the year in which such income was disclosed or was otherwise found to be assessable by the revenue. [Para 14]
Consequently, the order proposed by the Judicial Member had to be agreed with. [Para 15]
SOURCE:WWW.TAXMANN.COM
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1). Credit of TDS(tax deducted at source) is governed by the section 199 of income tax.Method of accounting adopted by deductee does not matter.
2.Credit of TDS will be allowed on pro rata basis according to income taken in return of a particular year, on which TDS has been deducted,
3. main reference : section 199 and circular. 5/2001
IN SIMPLE WORDS YOU CAN NOT CLAIM TDS CREDIT IF YOU HAVE NOT SHOWN ALL THE INCOME ON WHICH TAX IS DEDUCTED IN YOUR RETURN INCOME.
In the ITAT Chandigarh Bench ‘B’ (Third Member)
Pardeep Kumar Dhir
v.
Assistant Commissioner of Income-tax, C.C.-IV, Ludhiana
Section 199 of the Income-tax Act, 1961 - Deduction of tax at source - Credit for tax deducted - Assessment year 2003-04 - Whether assessee will not be entitled to have benefit or credit for amount of tax deducted though mentioned in certificate for an assessment year, if income relatable to that amount is not shown and is not assessable in that assessment year - Held, yes - Whether therefore, if instead of entire income referable to amount of tax deducted, only a portion of income is found assessable, benefit has to be allowed only on portion shown and credit for balance TDS can be allowed only in future when balance of such income is assessable - Held, yes
Circulars & clarifications - Circular No. 5/2001, dated 2-3-2007
Facts
The assessee, engaged in the business of commission agent, was following the cash accounting system. He claimed in its return, credit for TDS deducted and paid by various parties as per certificate of such deduction issued to him. However, since the entire amount of commission mentioned in TDS certificate was not actually paid, the assessee only showed the commission, which was actually received by him in the relevant period. The Assessing Officer held that credit of tax deducted could be allowed only to the extent, the income was shown as assessable in the light of the provision of section 199. As entire income referred to in the TDS certificate was not disclosed, the Assessing Officer allowed credit of TDS on a pro rata basis. The Assessing Officer held that the balance credit would be allowable in the year in which the balance income would be shown as assessable. On appeal, the Commissioner (Appeals) upheld the impugned order. On second appeal, the Accountant Member held that TDS is akin to advance tax and credit for the same is required to be given in the same manner as is given for advance tax under section 219. The Judicial Member, however, concurred with the view of the Commissioner (Appeals). Since there was a difference of opinion between the two Members, the matter was referred to the Third Member.
Held [Per Third Member]
The Accountant Member was not right in holding that the tax deducted at source is advance tax and credit for the same is to be given to the assessee in terms of section 219. The said section, as rightly pointed out by the Judicial Member, had no application in the instant case. There is a specific section, i.e., section 199 under which credit has to be allowed to the assessee of tax deducted at source when certificate is furnished under section 203. [Para 10]
As per the provision of section 199, credit is to be given to the assessee for the amount so deducted in the assessment made under the Act for the assessment year for which such income is assessable. So, the important conditions for getting benefit of TDS as per section 199 are : (a) the assessee should produce the certificate for the amount of tax deducted at source; (b) show that income subjected to TDS is disclosed in the return of the assessment year as ‘assessable’. [Para 11]
Thus, both the conditions mentioned are to be satisfied. It is, therefore, clear that the assessee will not be entitled to have benefit or credit for the amount though mentioned in the certificate for the assessment year if income relatable to the amount is not shown and is not assessable in that assessment year. If instead of entire income referable to amount of tax deducted, only a portion of income is found assessable, the benefit has to be allowed only on the portion shown. If balance income, on account of system of accounting followed by the assessee or for some other reason is found to be assessable in future, then the credit for the balance TDS can be allowed only in future when income is assessable. Credit allowed on pro rata basis in the year in which the certificate is issued and also in future where balance of such income is found to be assessable is as per the mandate of provision of section 199. Any amount, which has not been assessed in any year but referred in the TDS certificate, cannot be claimed under section 199. The Assessing Officer and the Judicial Member were right in holding that credit on pro rata basis had to be allowed. [Para 11.1]
The CBDT Circular No. 5/2001, dated 2-3-2001 also supports the view that where tax is deducted from the amount which is liable to be assessed and spread over more than one financial year, credit shall be allowed for TDS on pro rata basis and in the same proportion in which such income is offered for taxation in different assessment years. [Para 13]
There is no quarrel with the proposition that the income must be computed as per system of accounting regularly followed by the assessee, but it cannot be agreed with that the credit for the tax deducted at source is to be allowed as per any system of accounting followed by the assessee. In the instant case, there was no dispute regarding cash system of accounting followed by the assessee and his income had been computed as per said system. No addition had been made for income, which the assessee was ‘entitled’ to receive, but did not actually receive. No credit for TDS on such non-assessable income could be claimed. Benefit for the tax deducted at source is to be allowed as per statutory provisions contained in section 199. It has nothing to do with the system of accounting followed by the assessee. Further, there is no dispute that the revenue should have a consistent approach, but the said principle of law has no application where interpretation of statutory provisions is involved. If in a particular year a statutory provision is wrongly interpreted and applied, the revenue can correct the error as income is required to be computed by correctly applying and enforcing law. Error cannot be perpetuated. Therefore, on correct interpretation of section 199, the Assessing Officer was right in allowing credit for tax deducted at source on pro rata basis. The credit for the balance amount mentioned in the certificate was to be allowed in the year in which such income was disclosed or was otherwise found to be assessable by the revenue. [Para 14]
Consequently, the order proposed by the Judicial Member had to be agreed with. [Para 15]
SOURCE:WWW.TAXMANN.COM
0 FREE SOFTWARE FOR ETDS-ETCS RETURN
Data structure of quarterly e-TDS statements have been modified by the Directorate of Income Tax (Systems).Key changes in new etds returns has been given below . This changes are applicable on every return which are to be submitted after 1.10.2009 whether its relates to period prior to the 1.10.2009. However old return (before 1.10.2009) can be revised with old data structure with old Fvu 2.126 .I have given Link to download all these software free below.
- Download new RPU version 2 for both regular & correction returns (free etds software including new fvu 2.128 from here) applicable for all returns submitted from 1.10.2009 whether period is older than 1.10.2009
- Download new RPU version 1.8 only to correct/revise old return filed before 1.10.2009(free software including FVU 2.126 from here) applicable for revised/correction return submitted original return before 1.10.2009.
- If you are using customised software from outside agency then you may also download only FVU 2.128 from here
- If you are using customised software from outside agency then you may also download only FVU 2.126 from here
Details of changes are available here
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ignore details below (updated on 1.10.2009)
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LINK FOR FREE SOFTWARE FOR ETDS-ETCS FROM TIN-NSDL ARE GIVEN BELOW.
NOTE: FREE utility RPU 1.7 and 2.126 FVU has been released from 13.04.2009 which can be downloaded from here
NSDL e-TDS/ TCS Return Preparation Utility
REGULAR
visual basic based
e-TDS RPU (ver 1.6) for form 24Q/26Q/27Q/27EQ (1st. 2nd, 3rd & 4th Quarters) (VB Based)including latest fvu2.116(LATEST RELAESED ON 25.03.2008)
instructions to instal
NOTE: FREE utility RPU 1.7 and 2.126 FVU has been released from 13.04.2009 which can be downloaded from here
C)To validate these file you have to run through fuv to download latest fuv(file validation utility) click link given below
NEW FILE VALIDATION UTILITY(FVU 2.116)DIRECT LINK DOWNLOAD NOW
NOTE: FREE utility RPU 1.7 and 2.126 FVU has been released from 13.04.2009 which can be downloaded from here
The e-TDS/TCS FVU setup file (e-TDS/TCS FVU.exe) comprises of three files namely:
1)TDS FVU Readme.rtf: This file contains instructions for setup of the e-TDS FVU.
2)e-TDS FVU Setup.exe: This is a setup program for installation of FVU.
3)TDS_FVU_STANDALONE.jar: This is the FVU program file.
Instructions for extracting the files are given in:
e-TDS FVU Extract
NOTE:Fuv is a java based utility to run your computer must have java environment
JRE (Java Run-time Environment) [versions: SUN JRE: 1.4.2_02 or 1.4.2_03 or 1.4.2_04 or IBM JRE: 1.4.1.0] should be installed on the computer where the e-TDS/TCS FVU is being installed. Java is freely downloadable from http://java.sun.com/ and http://www.ibm.com/developerworks/java/jdk or you can ask your vendor providing computer facilities (hardware) to install the same for you.
CORRECTION
NSDL Return Preparation Utility
A)VISUAL BASIC BASED
e-TDS RPU (ver 1.6) for form 24Q/26Q/27Q/27EQ (1st. 2nd, 3rd & 4th Quarters) (VB Based)"(LATEST ISSUED ON 25.03.2008)incuding regular and correction return
NOTE: FREE utility RPU 1.7 and 2.126 FVU has been released from 13.04.2009 which can be downloaded from here
REGULAR
visual basic based
e-TDS RPU (ver 1.6) for form 24Q/26Q/27Q/27EQ (1st. 2nd, 3rd & 4th Quarters) (VB Based)including latest fvu2.116(LATEST RELAESED ON 25.03.2008)
instructions to instal
NOTE: FREE utility RPU 1.7 and 2.126 FVU has been released from 13.04.2009 which can be downloaded from here
C)To validate these file you have to run through fuv to download latest fuv(file validation utility) click link given below
NEW FILE VALIDATION UTILITY(FVU 2.116)DIRECT LINK DOWNLOAD NOW
what is new in 2.116 FVU(applicable from01.04.2008)
NOTE: FREE utility RPU 1.7 and 2.126 FVU has been released from 13.04.2009 which can be downloaded from here
1)TDS FVU Readme.rtf: This file contains instructions for setup of the e-TDS FVU.
2)e-TDS FVU Setup.exe: This is a setup program for installation of FVU.
3)TDS_FVU_STANDALONE.jar: This is the FVU program file.
Instructions for extracting the files are given in:
e-TDS FVU Extract
NOTE:Fuv is a java based utility to run your computer must have java environment
JRE (Java Run-time Environment) [versions: SUN JRE: 1.4.2_02 or 1.4.2_03 or 1.4.2_04 or IBM JRE: 1.4.1.0] should be installed on the computer where the e-TDS/TCS FVU is being installed. Java is freely downloadable from http://java.sun.com/ and http://www.ibm.com/developerworks/java/jdk or you can ask your vendor providing computer facilities (hardware) to install the same for you.
CORRECTION
NSDL Return Preparation Utility
A)VISUAL BASIC BASED
e-TDS RPU (ver 1.6) for form 24Q/26Q/27Q/27EQ (1st. 2nd, 3rd & 4th Quarters) (VB Based)"(LATEST ISSUED ON 25.03.2008)incuding regular and correction return
NOTE: FREE utility RPU 1.7 and 2.126 FVU has been released from 13.04.2009 which can be downloaded from here
0 Cost Inflation Index (551)for financial year 2007-08
CBDT has issued a notification vide which cost inflation index for financial year 2007-08 is declared as 551
complete text of notification given hereunder
In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to seventy-five per cent of the average rise in the Consumer Price Index for the financial year commencing from the 1st day of April, 2006 and ending on the 31st day of March, 2007 for the urban non-manual employees, hereby specifies the Cost Inflation Index for the financial year commencing from the 1st day of April, 2007 and ending on the 31st day of March, 2008 and for that purpose further makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, Number S.O. 709(E), dated the 20th August, 1998, namely:—
In the said notification, in the Table, after serial number 26 and the entries relating thereto, the following serial number and the entries relating thereto shall be added, namely :—
“27 2007-08 551”
NOTIFICATION NO. 214/2007, DATED 3-8-2007
COST INFLATION INDEX 1981-2008
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complete text of notification given hereunder
In exercise of the powers conferred by clause (v) of the Explanation to section 48 of the Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to seventy-five per cent of the average rise in the Consumer Price Index for the financial year commencing from the 1st day of April, 2006 and ending on the 31st day of March, 2007 for the urban non-manual employees, hereby specifies the Cost Inflation Index for the financial year commencing from the 1st day of April, 2007 and ending on the 31st day of March, 2008 and for that purpose further makes the following amendment in the notification of the Government of India in the Ministry of Finance (Department of Revenue), Central Board of Direct Taxes, Number S.O. 709(E), dated the 20th August, 1998, namely:—
In the said notification, in the Table, after serial number 26 and the entries relating thereto, the following serial number and the entries relating thereto shall be added, namely :—
“27 2007-08 551”
NOTIFICATION NO. 214/2007, DATED 3-8-2007
COST INFLATION INDEX 1981-2008
0 IMPORTANT FORMS UNDER ACTS
INCOME TAX
Download Form 49A for PANRequest for New PAN or Changes/Correction in PAN Data
FORM ITR-1ITR-1- For Individuals having Income from Salary & Interest.
FORM ITR-2ITR-2- For Individuals and HUFs not having Income from Business or Profession.
FORM ITR-3ITR-3- For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship.
FORM ITR-4ITR-4- For individuals & HUFs having income from a proprietory business or profession.
FORM ITR-5ITR-5- For firms, AOPs and BOIs.
FORM ITR-6ITR-6- For Companies other than companies claiming exemption under section 11.
FORM ITR-7ITR-7- For persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D)
FORM ITR-8ITR-8- Return for Fringe Benefits
FORM ITR-VITR-V- Where the data of the Return of Income/Fringe Benefits in Form ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 & ITR-8 transmitted electronically without digital signature.
NEW ITR EXCEL/PDF/SOFTWARE
CHALLAN FORM PDF/EXCEL/SOFTWARE
OLD FORMS
Form No. 1Return of income - For companies other than those claiming exemption under section 11
FORM NO. 16
FORM NO. 16ACertificate of deduction of tax at source under section 203 of the Income-tax Act, 1961
Form No. 16AACertificate for tax deducted at source from income chargeable under the head “Salaries” – cum – Return of income
Form No. 2Return of income - For Non-Corporate assessees not claiming exemption under section 11 and not having income from business or profession
FORM NO. 24QQuarterly statement of deduction of tax under sub-section (3) of section 200 of the Income-tax Act, 1961 in respect of salary for the quarter ended June/September/December/March
FORM NO. 26QATxt File Format (Fixed Length)
FORM NO. 26QAATxt File Format (Fixed Length)
FORM NO. 27DCertificate of collection of tax at source under sub-section (5) of section 206C of the Income-tax Act, 1961
Form No. 2BReturn of income for block assessment
Form No. 2CReturn of income
Form No. 2DSARAL - Income-tax return form for non-corporate assessees other than persons claiming exemption under section 11
Form No. 2ENAYA SARAL - Income-tax return form for resident individual/Hindu undivided family not having income from business or profession or capital gains or agricultural income
Form No. 3Return of income - For Non-Corporate assessees not claiming exemption under section 11 and not having income from business or profession
Form No. 3AReturn of income - For assessees including companies claiming exemption under section 11
FORM NO. 3CDStatement of particulars required to be furnished under section 44AB of the Income-tax Act, 1961
Form No. AReturn of net wealth
Form No. BForm of return of net wealth under sub-section(1) or sub section (2) of section 14 of the wealth tax act,1957
Form No. BAReturn of net wealth - For individuals/Hindu undivided families/companies
Income Tax
ITNS Challan 283 (BCTT & FBT)ITNS Challan No. 283 for Banking Cash Transaction Tax and Fringe Benefit Tax
Online Application for Allotment of PAN–FORM 49A
WEALTH TAX
Form BA (Eng)Return of Net Wealth - Rule 3(1)(B) of Wealth-Tax Rules, 1957
Form BA (Hindi)Return of Net Wealth - Rule 3(1)(B) of Wealth-Tax Rules, 1957
Wealth Tax
ITAT
Appendix-X(e) - Stay Application
Form 36 - Income Tax / Income Tax Search & Seizure
Form F - Wealth Tax
Form No. 36A - Cross Objection
Form No.-4 - Interest Tax
CUSTOMS
Custom
EXCISE
CENVAT return
Excise
FORM A-1New Central Excise Registration form
FORM A.R.E.-1
FORM A.R.E.-2
FORM E.R.-1
FORM E.R.-2
FORM RC
PLA
SALES TAX
"FORM 29Notice of retirement from a firm
"FORM ST-21APPLICATION FOR REFUND UNDER SUB-SECTION (1) OF SECTION 30 OF
THE DELHI SALES TAX ACT, 1975
"FORM ST-2CApplication for issue of Forms
"FORM ST-30Appeal against an order of assessment or penalty under section 43 or the Delhi
Sales Tax Act, 1975
"FORM ST-IAPPLICATION FOR REGISTRATION
"FORM ST-VIIAPPLICATION FOR GRANT OF TAX CLEARANCE CERTIFICATE
ACCOUNT OF SALE PURCHASE AND STOCK TO BE SUBMITTEDBY THE DEALER AT THE TIME OF ASSESSMENT
Chandigarh Sales Tax Forms
FORM LT-IAPPLICATION FOR REGISTRATION
FORM LT-IICERTIFICATE OF REGISTRATION
FORM LT-IIIREGISTER OF REGISTERED STOCKIST
FORM LT-IVRETURN OF LUXURY TAX PAYABLE FOR THE QUARTER / MONTH UNDER
THE DELHI LUXURY TAX ON COMMODITIES ACT 2001
FORM LT-IXDECLARATION AS TO TAX PAID PAYABLE ON LUXURIES
FORM LT-VTAX ACCORDING TO RETURN / ADDITIONAL DEMAND
FORM LT-VIANNUAL RETURN OF TURNOVER OF STOCK OF LUXURIES AND TAX PAYABLE BY STOCKIST.
FORM LT-VIIDELIVERY NOTE
FORM LT-VIIIREGISTER OF DELIVERY NOTE MAINTAINED UNDER THE RULE
FORM S.T. 11RETURN OF SALES TAX PAYABLE FOR THE QUARTER/MONTH UNDER
THE DELHI SALES TAX ACT, 1956
FORM ST-2ARequisition Account of declaration forms
FORM ST-2BUtillsation Account of declaration Forms issued in Advance.
Form ST-36AAPPLICATION FOR GRANT OF AN AUTHORISATION FOR PURCHASE OF FIRST POINT GOODS FROM FIRST POINT SELLER
FORM ST-40Log Book (Trip Sheep)
FORM ST-41 ATransport Receipt
FORM ST-42Bill of Sale
FORM ST-43Delivery Note
FORM ST-46Seal of Issuing Authority
FORM ST-47
FORM ST-48
FORM ST-5APPLICATION FORM FOR REGISTRATION
FORM ST-XAPPLICATION FOR GRANT OF TAX CLEARANCE CERTIFICATE
Himachal Pradesh Sales Tax Forms
Manipur Sales Tax Forms
Tamil Nadu Sales Tax Forms
SERVICE TAX
FORM ST-1
ST-1 (EXCEL)
FORM ST-2Certificate of registration under Section 69 of The Finance Act, 1994 (32 of 1994)
FORM ST-3
FORM ST-3 EXCEL
FORM ST-3A
FORM ST-4Form of Appeal to the Commissioner of Central Excise (Appeals) under section 85 of the Finance Act,1994 (32 of 1994)
FORM ST-5Form of Appeal to Appellate Tribunal under section 86 of the Finance Act, 1994 ( 32of 1994 )
FORM ST-6
FORM ST-7Form of application to Appellate Tribunal under Section 86(2) [or Sec.86(2A) of the Finance Act, 1994 (32 of 1994)]
FORM TR-6PAYMENT OF SERVICE TAX (CHALLAN)
Service Tax Forms
VALUE ADDED TAX
Arunachal VAT Form
Assam VAT Forms
Chandigarh Vat Act Forms
Delhi Vat Act Forms
Kerala Vat Forms
Maharashtra Vat Act Forms
Meghalya VAT Forms
MP VAT Forms
Orissa VAT Forms
West Bengal Vat Act Forms
CENTRAL SALES TAX
FORM "A"Application for Registration Under Section 7(1)/7(2) of the Central Sales Tax Act, 1956
FORM 1THE CENTRAL SALES TAX (DELHI) RULES, 1957 RETURN OF SALES TAX PAYABLE FOR THE QUARTER/MONTH UNDER THE CENTRAL SALES TAX ACT, 1956
COMPANY LAW
Revised Form 1-A
RBI
All RBI Forms
Application for a Certificate of Registration to commence / carry on* the business of a Securitisation Company or Reconstruction Company
Exchange Control Manual Forms
Foreign Exchange Management Act Forms
DEPARTMENT OF COMPANY AFFAIRS
DCA Forms
SOURCE:WWW.PDICAI.ORG
Read more >>
Download Form 49A for PANRequest for New PAN or Changes/Correction in PAN Data
FORM ITR-1ITR-1- For Individuals having Income from Salary & Interest.
FORM ITR-2ITR-2- For Individuals and HUFs not having Income from Business or Profession.
FORM ITR-3ITR-3- For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship.
FORM ITR-4ITR-4- For individuals & HUFs having income from a proprietory business or profession.
FORM ITR-5ITR-5- For firms, AOPs and BOIs.
FORM ITR-6ITR-6- For Companies other than companies claiming exemption under section 11.
FORM ITR-7ITR-7- For persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D)
FORM ITR-8ITR-8- Return for Fringe Benefits
FORM ITR-VITR-V- Where the data of the Return of Income/Fringe Benefits in Form ITR-1, ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 & ITR-8 transmitted electronically without digital signature.
NEW ITR EXCEL/PDF/SOFTWARE
CHALLAN FORM PDF/EXCEL/SOFTWARE
OLD FORMS
Form No. 1Return of income - For companies other than those claiming exemption under section 11
FORM NO. 16
FORM NO. 16ACertificate of deduction of tax at source under section 203 of the Income-tax Act, 1961
Form No. 16AACertificate for tax deducted at source from income chargeable under the head “Salaries” – cum – Return of income
Form No. 2Return of income - For Non-Corporate assessees not claiming exemption under section 11 and not having income from business or profession
FORM NO. 24QQuarterly statement of deduction of tax under sub-section (3) of section 200 of the Income-tax Act, 1961 in respect of salary for the quarter ended June/September/December/March
FORM NO. 26QATxt File Format (Fixed Length)
FORM NO. 26QAATxt File Format (Fixed Length)
FORM NO. 27DCertificate of collection of tax at source under sub-section (5) of section 206C of the Income-tax Act, 1961
Form No. 2BReturn of income for block assessment
Form No. 2CReturn of income
Form No. 2DSARAL - Income-tax return form for non-corporate assessees other than persons claiming exemption under section 11
Form No. 2ENAYA SARAL - Income-tax return form for resident individual/Hindu undivided family not having income from business or profession or capital gains or agricultural income
Form No. 3Return of income - For Non-Corporate assessees not claiming exemption under section 11 and not having income from business or profession
Form No. 3AReturn of income - For assessees including companies claiming exemption under section 11
FORM NO. 3CDStatement of particulars required to be furnished under section 44AB of the Income-tax Act, 1961
Form No. AReturn of net wealth
Form No. BForm of return of net wealth under sub-section(1) or sub section (2) of section 14 of the wealth tax act,1957
Form No. BAReturn of net wealth - For individuals/Hindu undivided families/companies
Income Tax
ITNS Challan 283 (BCTT & FBT)ITNS Challan No. 283 for Banking Cash Transaction Tax and Fringe Benefit Tax
Online Application for Allotment of PAN–FORM 49A
WEALTH TAX
Form BA (Eng)Return of Net Wealth - Rule 3(1)(B) of Wealth-Tax Rules, 1957
Form BA (Hindi)Return of Net Wealth - Rule 3(1)(B) of Wealth-Tax Rules, 1957
Wealth Tax
ITAT
Appendix-X(e) - Stay Application
Form 36 - Income Tax / Income Tax Search & Seizure
Form F - Wealth Tax
Form No. 36A - Cross Objection
Form No.-4 - Interest Tax
CUSTOMS
Custom
EXCISE
CENVAT return
Excise
FORM A-1New Central Excise Registration form
FORM A.R.E.-1
FORM A.R.E.-2
FORM E.R.-1
FORM E.R.-2
FORM RC
PLA
SALES TAX
"FORM 29Notice of retirement from a firm
"FORM ST-21APPLICATION FOR REFUND UNDER SUB-SECTION (1) OF SECTION 30 OF
THE DELHI SALES TAX ACT, 1975
"FORM ST-2CApplication for issue of Forms
"FORM ST-30Appeal against an order of assessment or penalty under section 43 or the Delhi
Sales Tax Act, 1975
"FORM ST-IAPPLICATION FOR REGISTRATION
"FORM ST-VIIAPPLICATION FOR GRANT OF TAX CLEARANCE CERTIFICATE
ACCOUNT OF SALE PURCHASE AND STOCK TO BE SUBMITTEDBY THE DEALER AT THE TIME OF ASSESSMENT
Chandigarh Sales Tax Forms
FORM LT-IAPPLICATION FOR REGISTRATION
FORM LT-IICERTIFICATE OF REGISTRATION
FORM LT-IIIREGISTER OF REGISTERED STOCKIST
FORM LT-IVRETURN OF LUXURY TAX PAYABLE FOR THE QUARTER / MONTH UNDER
THE DELHI LUXURY TAX ON COMMODITIES ACT 2001
FORM LT-IXDECLARATION AS TO TAX PAID PAYABLE ON LUXURIES
FORM LT-VTAX ACCORDING TO RETURN / ADDITIONAL DEMAND
FORM LT-VIANNUAL RETURN OF TURNOVER OF STOCK OF LUXURIES AND TAX PAYABLE BY STOCKIST.
FORM LT-VIIDELIVERY NOTE
FORM LT-VIIIREGISTER OF DELIVERY NOTE MAINTAINED UNDER THE RULE
FORM S.T. 11RETURN OF SALES TAX PAYABLE FOR THE QUARTER/MONTH UNDER
THE DELHI SALES TAX ACT, 1956
FORM ST-2ARequisition Account of declaration forms
FORM ST-2BUtillsation Account of declaration Forms issued in Advance.
Form ST-36AAPPLICATION FOR GRANT OF AN AUTHORISATION FOR PURCHASE OF FIRST POINT GOODS FROM FIRST POINT SELLER
FORM ST-40Log Book (Trip Sheep)
FORM ST-41 ATransport Receipt
FORM ST-42Bill of Sale
FORM ST-43Delivery Note
FORM ST-46Seal of Issuing Authority
FORM ST-47
FORM ST-48
FORM ST-5APPLICATION FORM FOR REGISTRATION
FORM ST-XAPPLICATION FOR GRANT OF TAX CLEARANCE CERTIFICATE
Himachal Pradesh Sales Tax Forms
Manipur Sales Tax Forms
Tamil Nadu Sales Tax Forms
SERVICE TAX
FORM ST-1
ST-1 (EXCEL)
FORM ST-2Certificate of registration under Section 69 of The Finance Act, 1994 (32 of 1994)
FORM ST-3
FORM ST-3 EXCEL
FORM ST-3A
FORM ST-4Form of Appeal to the Commissioner of Central Excise (Appeals) under section 85 of the Finance Act,1994 (32 of 1994)
FORM ST-5Form of Appeal to Appellate Tribunal under section 86 of the Finance Act, 1994 ( 32of 1994 )
FORM ST-6
FORM ST-7Form of application to Appellate Tribunal under Section 86(2) [or Sec.86(2A) of the Finance Act, 1994 (32 of 1994)]
FORM TR-6PAYMENT OF SERVICE TAX (CHALLAN)
Service Tax Forms
VALUE ADDED TAX
Arunachal VAT Form
Assam VAT Forms
Chandigarh Vat Act Forms
Delhi Vat Act Forms
Kerala Vat Forms
Maharashtra Vat Act Forms
Meghalya VAT Forms
MP VAT Forms
Orissa VAT Forms
West Bengal Vat Act Forms
CENTRAL SALES TAX
FORM "A"Application for Registration Under Section 7(1)/7(2) of the Central Sales Tax Act, 1956
FORM 1THE CENTRAL SALES TAX (DELHI) RULES, 1957 RETURN OF SALES TAX PAYABLE FOR THE QUARTER/MONTH UNDER THE CENTRAL SALES TAX ACT, 1956
COMPANY LAW
Revised Form 1-A
RBI
All RBI Forms
Application for a Certificate of Registration to commence / carry on* the business of a Securitisation Company or Reconstruction Company
Exchange Control Manual Forms
Foreign Exchange Management Act Forms
DEPARTMENT OF COMPANY AFFAIRS
DCA Forms
SOURCE:WWW.PDICAI.ORG
