| Latest Return Preparation Utility (e-TDS/TCS RPU ver 3.21) for e-TDS/TCS quarterly returns |
| Click for more info |
| |
| NSDL commences acceptance of Annual Information Returns |
| NSDL commenced acceptance of Annual Information Returns through its TIN-FCs with effect from August 01, 2005. |
| Click for more info |
| |
| Latest e-TDS/e-TCS Return Preparation Utility (RPU 4.80) for annual e-TDS/TCS returns |
| Click for more info |
| |
| Latest File Validation Utility (FVU 2.052) for annual e-TDS/TCS returns |
| Click for more info |
| |
| Press Release: Tax Information Network (TIN) being launched today, July 22, 2005 by Honourable Union Finance Minister Shri P. Chidambaram. |
| NSDL has established a nation wide Tax Information Network (TIN) on behalf of the Income Tax Department (ITD). Honourable Union Finance Minister Shri P. Chidambaram has launched this network today, July 22, 2005. Smt. Shyamla Gopinath, Dy. Governor RBI, Shri J. G. Pendse, Member, CBDT and Shri C. B. Bhave, Chairman & Managing Director, NSDL were also present on this occasion. |
| Direct tax is an important source of revenue for the government. A significant part of direct taxes is collected at the source of income by mandating the parties paying the income to deduct tax at source (TDS) and pay the deducted amount through a select list of bank branches. The deductors are then required to file returns giving details of deductions made, deduction certificates issued and payment particulars. All this amounted to huge documentation and the tax department was inundated with truckloads of documents. Reconciliation in such an environment is almost impossible. |
| In this background, ITD embarked on an initiative for the modernisation of the current system for collection, processing, monitoring and accounting of direct taxes using modern technology. Such modernisation is expected to enhance convenience in record keeping and return preparation by the deductors and reduce cost of compliance thus improving overall tax compliance. This will also reduce leakage of revenue, increase the tax base, improve process efficiency & transparency and enable speedy reconciliation. |
TIN offers to the deductors lot of benefits such as;
- Elimination of manual preparation, signing and issue of TDS certificates.
- No need to file and store multiple copies of TDS Certificates.
- Instead of filing large number of physical papers (truckloads for large companies)
- the e-TDS return is now one floppy/CD.
- Cost saving in preparation of statements.
- Furnishing through service network of TIN-FCs helping them demand better service quality.
|
| NSDL provides a range of services under TIN, either through a network of TIN-FCs or through its web-site in the form of Online services. The services such as acceptance of e-TDS/TCS returns, acceptance of Annual Information Returns, processing of applications for PAN & PAN change requests and processing of applications for TAN & TAN change requests, are provided by about 800 TIN-FCs from about 270 locations across the country. |
| The Online services through NSDL web-site www.tin-nsdl.com include, PAN & TAN applications including change requests, TATKAL PAN & TAN, Status tracking of PAN & TAN applications, Direct upload of e-TDS/TCS and AIR, Challan Status Enquiry and e-TDS/TCS status tracking (w.r.t. quarterly return mandated from FY 2005-06). |
| The scope of e-TDS/TCS status tracking services include views for deductors as well as for the taxpayers. Deductors can track the status of their returns using online facility. The taxpayers can view the PAN account details as per Form 26AS, which is the Annual Tax Statement through NSDL web-site. These include; details of tax deducted/ collected on behalf of the taxpayer by deductors and advance tax/self assessment tax /regular assessment tax deposited by the taxpayer. |
| The access to this site is restricted with password and will be allowed only to the PAN holders who have authenticated themselves with the TIN central system. |
| |
| NSDL commences acceptance of e-TCS returns |
| NSDL commenced acceptance of e-TCS returns through its TIN-FCs with effect from June 11, 2005 on the basis of notification F.No. 414/41/2003-IT (Inv.I) dated June 9, 2005 by Central Board of Direct Taxes empowering NSDL to act as "e-TCS Intermediary" under the scheme for Electronic Filing of Returns for Tax Collected at Source, 2005. The e-TCS returns should be prepared by e-collectors as per the details given in "5 steps to e-TDS/e-TCS return" |
| |
