3. Tax Information Network (TIN)
• Tax Information Network (TIN) is an initiative by
Income Tax Department of India (ITD) for the
modernization of the current system for
collection, processing, monitoring and accounting
of direct taxes using information technology.
• TIN is a repository of nationwide Tax related
information, and has been established by NSDL e-
Governance Infrastructure Limited on behalf of
ITD.
6. TIN has two key sub-systems:
• Electronic Return Acceptance and Consolidation
System (ERACS) which consists of an infrastructure for
interface with the taxpayers (a nation wide network of
TIN-Facilitation Centres i.e. TIN-FC) and a web-based
utility for upload of electronic returns of Tax Deduction
at Source (TDS) & Tax Collection at Source (TCS) and
Annual Information Return (AIR) to the central system
of TIN.
• Online Tax Accounting System (OLTAS) for daily upload
to the central system, the details of tax deposited in
various tax collecting branches across the country.
7. Services through TIN-FC
• Through its network of TIN-Facilitation centres all
over the country, TIN offers the following
services:
• Acceptance of electronic and physical TDS/TCS
Returns.
• Processing of new PAN and PAN change request
applications.
• Processing of new TAN and TAN change request
applications.
• Acceptance of AIR
• Acceptance of Form 24G statement
8. Online Services of TIN
• TIN provides the following Online Services through its website:
• Quaterly Statement Status
• Facility for deductors to verify status of e-TDS/TCS statements
submitted to TIN-FC by providing TAN and respective Provisional
Receipt Number (PRN).
• e-tax Payment
• Facility to pay tax online, wherein the taxpayer can fill up and
submit the challan through Internet. The tax payer has to
necessarily have a bank account with Net-banking/Debit card of the
selected Bank.
• OLTAS Challan Status Enquiry
• Facility for tax payers to enquire online about the status of challans
deposited in banks.
• PAN
• Facility to apply for PAN online
• Reprint of PAN card with existing/revised details
• Status enquiry
9. Online Services of TIN
• TIN provides the following Online Services through its website:
• TAN
• Facility to apply for TAN online
• Reprint of TAN allotment letter with existing/revised details
• Status enquiry
• e-RI
• Facility to register as an e-Return Intermediary (e-RI). (An e-RI is an
entity authorised by ITD to electronically file income tax returns on
behalf of tax payers.)
• Status enquiry
• Online PAN Verification
• Facility to verify PANs online to authorized entities (Entities who are
approved by ITD can verify PANs online).
• Status enquiry
• Form 24G
• Receive Form 24G statements from Account Offices (AO/PAO/DTO)
and upload them to the TIN central system
11. e-TDS/e-TCS Overview
• e-TDS
• Entities (both corporate and non-corporate deductors) making payments (specified
under Income Tax Act) to third parties (deductees) are required to deduct tax at
source (Tax Deducted at Source -TDS) from these payments and deposit the same
at any of the designated branches of banks authorised to collect taxes on behalf of
Government of India. They should also furnish TDS returns containing details of
deductee(s) and challan details relating to deposit of tax to ITD.
• As a part of automation of collection, compilation and processing of TDS returns
ITD has notified an "Electronic Filing of Returns of Tax Deducted at Source Scheme,
2003". It is applicable to all deductors furnishing their TDS return in electronic
form. As per this scheme:
• It is mandatory (w.e.f. June 1, 2003) for corporate deductors to furnish their TDS
returns in electronic form (e-TDS return).
• From F.Y. 2004-2005 onwards furnishing TDS returns in electronic form is also
mandatory for government deductors in addition to corporate deductors.
• Deductors (other than government and corporates) may file TDS return in
electronic or physical form.
• NSDL e-Governance Infrastructure Limited (NSDL) as the e- TDS Intermediary
(appointed by ITD) receives, on behalf of ITD, the e-TDS returns from the
deductors.
12. e-TCS
• TCS means collection of tax at source by the seller (collector) from the buyer
(collectee/payee) of the goods (specified u/s 206C of Income-tax Act, 1961, like
timber obtained under forest lease, scrap, any other forest produce not being
timber or tendu leaves etc.,). For e.g. if purchase value of goods is Rs.10,000/-, the
buyer will pay an amount of Rs.10,000/- + X (X being the value of TCS as prescribed
under Income-tax Act, 1961) to the seller. The seller will deposit the tax collected
at source (TCS) at any of the designated branches of the authorised banks.
• Following the automation of TDS returns in 2003, ITD has now notified
an "Electronic Filing of Returns of Tax Collected at Source Scheme, 2005". . It is
applicable to all deductors furnishing their TDS return in electronic form. As per
this scheme:
• It is mandatory for corporate and government deductors to furnish their TCS
returns in electronic form (e-TCS return) from F.Y. 2004-2005 onwards.
• Deductors (other than government and corporates) may file TCS return in
electronic or physical form.
• NSDL as the e-TCS Intermediary (appointed by ITD) receives, on behalf of ITD, the
e-TCS returns from the deductors.
• Deductors/Collectors can submit e-TDS/TCS returns through TIN-Facilitation
Centres (TIN-FC) established by NSDL or may directly file at e-Filing portal.
13. Annual Information Return (AIR)
• Annual Information Return (AIR) of 'high value
financial transactions' is required to be furnished
under section 285BA of the Income-tax Act, 1961
by 'specified persons' in respect of 'specified
transactions' registered or recorded by them
during the financial year.
• The due date of filing of the return is the 31st of
August of the following year.
• The 'specified persons' and the 'specified
transactions' are listed in Rule 114E of the
Income-tax Rules, 1962.
14. TAN (Tax Deduction and Collection Account Number )
• 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. Under Section 203A
of the Income Tax Act, 1961, it is mandatory to quote Tax Deduction
Account Number (TAN) allotted by the Income Tax Department
(ITD) on all TDS returns.
• Since last few years ITD has revised the structure of TAN. It is a
unique 10 digit alphanumeric code. Accordingly, they have issued
TAN in this new format to all existing TAN holders.
• To facilitate deductors find their new TAN, ITD has now introduced a
search facility in their website (www.incometaxindia.gov.in).
Through this facility deductors can search on their name and old
TAN to find the new TAN. Deductors are advised to find the new
TAN from this site before it is incorporated in their e-TDS return file
to avoid any inconvenience at the time of furnishing e-TDS return.
15. PAN (Permanent Account Number)
• Permanent Account Number (PAN) is a ten-digit alphanumeric
identifier, issued by Income Tax Department. Each assessee (e.g.
individual, firm, company etc.) is issued a unique PAN.
• With effect from April 08, 2012, PAN applications are required to be
furnished in the new forms prescribed by ITD. Indian citizens will
have to submit their ‘Application for allotment of new PAN’ in
revised Form 49A only. Foreign citizens will have to submit their
‘Application for allotment of new PAN’ in newly notified Form 49AA
only.
• For New PAN applications, in case of Individual and HUF applicants
if Address for Communication is selected as Office, then Proof of
Office Address along with Proof of residential address is to be
submitted to NSDL e-Gov w.e.f. applications made on and after 1st
November 2009.
• As per RBI guidelines, the entities making e-commerce transactions
are required to provide PIN (Personal Identification Number) while
executing an online transaction. Accordingly, before making
payment for online PAN/TAN applications using credit/debit card,
please ensure that the PIN is obtained from your respective Banks.
16. OLTAS
• Overview
• Income Tax Department's initiative to receive
information and maintain records of tax paid through
banks through online upload of challan details is
named as OLTAS (Online Tax Accounting System).
• Data Upload by Banks
• Income Tax Department has devised the file formats
for uploading data regarding tax payment. Banks are
expected to generate and upload tax data as per these
formats.
• Once the file has been prepared as per the file format,
it can be verified for correctness of its structure using
the File Validation Utility (FVU) provided by NSDL.
17. e-Payment of Taxes
• E tax payment refers to the online payment of tax.
Income Tax Department of India has digitalized the tax
payment system that allows taxpayers to pay their tax
liability via the online portal of e-payment.
• You can pay e tax online by visiting the portal of e-
Payment for TIN (https //onlineservices.tin.egov-
nsdl.com/etaxnew/tdsnontds.jsp). Select the relevant
challan or form, fill in and make the submission. After
the form has been submitted, you will be directed to
the net banking page, where you can make the
payment.
18. e-Return Intermediary
• Income Tax Department (ITD) has launched a
new scheme for improving interface with the
taxpayers. This scheme titled "Electronic
Furnishing of Return of Income Scheme, 2007"
enables authorized intermediaries to
electronically file Income Tax returns on behalf
of the taxpayers. This scheme is available to
any taxpayer who is assessed or assessable to
tax.
19. Online PAN Verification
• Overview
• To enable eligible Entities verify Permanent Account Numbers (PANs),
Income Tax Department (ITD) has authorized NSDL e-Governance
Infrastructure Limited (NSDL e-Gov ) to launch an online PAN verification
service for verification of PANs by authorized entities.
• Entities who can avail of this facility:
• Investment Advisor approved by SEBI
• Banks
• Insurance Web Aggregators
• Non Banking Financial Companies approved by RBI
• Prepaid Payment Instrument Issuers approved by RBI
• Housing Finance Companies
• Insurance Company
• Insurance Repository
• Companies and Government deductor (Required to file TDS/TCS return)*
• Mutual Funds
• Credit card Companies / Institutions
• Central Recordkeeping Agency of National Pension System
20. Online PAN Verification
• DSC issuing Authorities
• Depository Participants
• Credit information companies approved by RBI
• KYC Registration Agency (KRA)/Central KYC Registry
• Educational Institutions established by Regulatory Bodies
• Companies (Required to furnish Annual Information Return
(AIR)/Statement of Financial Transaction (SFT)
• Any other entity required to furnish Annual Information Return
(AIR)/Statement of Financial Transaction (SFT)
• Stock Exchanges/Commodity Exchanges/Clearing Corporations
• Goods and Services Tax Network
• Depositories
• Government Agencies (Central/State)
• Income Tax Projects
• Reserve Bank of India
• Department of Commercial Taxes
• Stamp and Registration Department
• Central Vigilance Commission
• Payments Bank approved by RBI
21. Services of Online PAN Verification
• This service has three modes of verification:
• Screen based verification
• File and Screen based Verification
• Software (API) based verification
• (1) Screen based verification:
• The users, after login, can furnish up to a maximum of five PANs in the
screen provided. The PANs may be entered in the boxes provided in the
screen and then submitted. The response giving details of PAN will be
displayed in the response screen.
• (2) File and Screen based Verification:
• The users, after login, can upload a file containing maximum of 1000 PANs
(file structure as specified by NSDL e-Gov ). The site will make available,
within 24 hours, a response file containing details of the PANs. In case, file
format is incorrect, the system will convey the rejection within 24 hours.
The entity can download the response at his convenience up to 15 days.
• (3) Software (API) based PAN verification:
• The facility is an interface that allows the user to make an online
verification of PAN by accessing the verification-site through a software
application.
22. Response to the User by Online PAN Verification
PAN being verified Details/response provided in PAN Verification
Valid PAN
•PAN status
•Name of the PAN holder
•Last date of PAN update
•*Name printed on PAN card
•*Aadhaar seeding status
Valid PAN with events
such as merger,
acquisition etc.
•PAN status along with event
•Name of the PAN holder
•Last date of PAN update
•*Name printed on PAN card
Deleted or Deactivated
Only status will be shown as "Deleted" or "Marked as Deactivated" and no other
details will be displayed
Fake PAN Only status will be shown as "Marked as Fake" and no other details will be displayed
PAN not found in
database
The message "not present in ITD database" will be displayed.
In such cases, if the user is able to provide a proof of this PAN (copy of PAN card or
PAN allotment letter), NSDL e-Gov will forward the same to ITD for investigation.
23. form 24G
• The form 24G is an electronic document used
for income tax filing purposes. This document
is filed while we calculate the income tax for
the current financial year. It is mandatory for
citizens who fall under the tax bracket to file
the Form 24G from the income tax
department under notification number
41/2010.
24. TIN AIN (Account Office Identification Number)
• Introduction. Registered Accounts Offices (AOs) can file
Form 24G Statements through AO Account (AIN Online
registration) at TIN website. No charges are payable for
the Pay and Accounts Office (PAO) for online Upload of
Form 24G.
• What is account identification number?
• AIN or Account Office Identification Number is a
special 7 digit identification number provided to
each accounts office by the Directorate of the Income
Tax System, Delhi. It is mandatory for
every Accounts Office to have an Account
Identification Number while submitting Form 24G.
25. Status Tax Refunds
• Refund Banker
• The 'Refund Banker Scheme,' which commenced from 24th Jan 2007, is now
operational for Non-corporate taxpayers assessed in Delhi, Mumbai, Kolkata,
Chennai, Bangalore, Bhubaneswar, Ahmedabad, Hyderabad, Pune, Patna, Cochin,
Trivandrum, Chandigarh, Allahabad, and Kanpur.
• In the 'Refund Banker Scheme' the refunds generated on processing of Income tax
Returns by the Assessing officers/ CPC-Bangalore are transmitted to State Bank of
India, CMP branch, Mumbai (Refund Banker) on the next day of processing for
further distribution to taxpayers.
• Refunds are being sent in following two modes:
• RTGS / NECS: To enable credit of refund directly to the bank account, Taxpayer.s
Bank A/c (at least 10 digits), MICR code of bank branch and correct communication
address is mandatory.
• Paper Cheque: Bank Account No, Correct address is mandatory.
• Taxpayers can view status of refund 10 days after their refund has been sent by the
Assessing Officer to the Refund Banker - by entering 'PAN' and 'Assessment Year'
below.
• Other Refunds
• Status of 'paid' refund, being paid other than through 'Refund Banker,' can also be
viewed at www.tin-nsdl.com by entering the 'PAN' and 'Assessment Year' below.
• 'Refund paid' status is also being reflected in the 'Tax Credit Statements' in Form
26AS.
26. TDS on Payments to Resident Contractors and
Professionals
• Introduction
• As per Finance Bill of 2019, "TDS on PAYMENTS TO
RESIDENT CONTRACTORS AND PROFESSIONALS" is
applicable to Individuals and HUFs (Hindu Undivided
Family) making ‘Payments to Resident Contractors and
Professional’ value greater than 50,00,000.
• Section 194M of the Income Tax Act, 1961 states that for all
the transactions with effect from September 1, 2019, Tax @
5% should be deducted by the Payer/Deductor at the time
of making ‘Payments to Resident Contractors and
Professional’ Tax so deducted should be deposited to the
Government Account through any of the authorized bank
branches.
27. OLTAS-Challan Status Inquiry
• Challan Status Enquiry for Tax Payers :
• Using this feature, tax payers can track online the status of their challans deposited in banks. This offers
two kind of search.
a) CIN based view :
• On entering Challan Identification Number (CIN i.e. details such as BSR Code of Collecting Branch, Challan
Tender Date & Challan Serial No.) and amount (optional),the tax payer can view the following details:
• BSR Code
• Date of Deposit
• Challan Serial Number
• Major Head Code with description
• TAN/PAN
• Name of Tax Payer
• Received by TIN on (i.e. date of receipt by TIN)
• Confirmation that the amount entered is correct (if amount is entered)
• b) TAN based view :
• By providing TAN and Challan Tender Date range for a particular financial year , the tax payer can view the
following details :CIN
• Major Head Code with description
• Minor Head Code
• Nature of Payment
• If the tax payer enters the amount against a CIN, the system will confirm whether it matches with the
details of amount uploaded by the bank.
28. OLTAS-Challan Status Inquiry
• Challan Status Enquiry for Banks
• Using this features, tax collecting branches and the nodal branches can track online the status of their
challans deposited in banks as follows :
a) Collecting Bank Branch :
• On providing the branch scroll date and the major head code - description, the tax collecting branch
can access the total amount and total number of challans for each major head code. Further, the
collecting branch can view following details:
• Challan Serial Number
• Challan Tender Date
• PAN/TAN
• Name of Taxpayer
• Amount
• Date of receipt by TIN
• b) Nodal Bank Branch :
• On providing the nodal scroll date and the major head code-description, the nodal branch can view
the following details:
• Nodal Branch Scroll Number
• Scroll Date
• Major Head Code - Description
• Total Amount
• Number of Branches
• Number of Challans
• Further, for each Nodal Branch Scroll Number, following information can be accessed:BSR Code
• Branch Scroll Number
• Branch Scroll Date
• Total Amount
• Number of Challans
• Date of receipt by TIN
29. Equalization Levy
• As per Finance Bill of 2016, Equalization levy is
applicable for certain specified services related to
digital domain wherein the amount of
consideration exceeds a specified value
(threshold prescribed by Income Tax
Department).
• Rules to The Finance Act, 2016 states that with
effect from July 1, 2016, equalization levy @ 6%
should be deducted by a resident or non-resident
(having permanent establishment in India) on the
amount of consideration paid or payable to the
non-resident not having permanent
establishment in India.
30. TDS on Rent of Property
• Introduction
• As per Finance Act, 2017, “TDS on Rent” under section 194-IB is
liable to be deducted by Individuals or HUFs (Hindu Undivided
Family) (other than an individual or a HUF, whose total sales, gross
receipts or turnover from the business or profession carried on by
him exceed the monetary limits specified under clause (a) or clause
(b) of section 44AB during the financial year immediately preceding
the financial year in which such income by way of rent is credited or
paid) responsible for paying to a resident monthly rent exceeding
50,000.
• Section 194-IB of the Income Tax Act, 1961 states that for all the
transactions with effect from June 1, 2017, tax @5% should be
deducted by the Tenant/ Lessee/ Payer of the property at the time
of making payment of rent (to Landlord / Lessor/ Payee).
• Tax so deducted should be deposited to the Government Account
through any of the authorized bank branches.
31. Utility of TIN Website
• It can be used for
• Online Applying for PAN Application
• Online Applying for TAN Application
• e-Tax Payment
32. Online PAN Application
• NSDL e-GOV dispenses PAN services through a chain of TIN-Facilitation
Centers (TIN-FCs) and PAN centers established by NSDL e-GOV across the
country. Applications can also be made over internet through an online
facility.
• There are three types of applications:
• 1) Application for allotment of PAN (Form 49 A)
This application should be used when the applicant has never applied for a
PAN or does not have PAN allotted to him.
• 2) 'Request for New PAN Card or/and Changes or Correction in PAN data'
This application should be used when PAN has been allotted already to
applicant but a new PAN card is required or when data associated with the
PAN (e.g. name of applicant / date of birth / address) is required to be
updated in the records of Income Tax Department.
• 3) Application for allotment of PAN (Form 49AA) - applicable for foreign
citizens
This form should be used when the applicant has never applied for a PAN
or does not have PAN allotted to him. An applicant can visit Income Tax
Department (ITD) website to find whether a PAN has been allotted to him
or not.
•
33. Online TAN Application
• Every person who requires to deduct tax while making payment to any
other person has to obtain TAN.
• Under Section 203A of the Income Tax Act, 1961, it is mandatory to quote
Tax Deduction Account Number (TAN) allotted by the Income Tax
Department (ITD) in all TDS returns and Challans while depositing the tax
in designated Bank.
• There are two types of applications:
• 1) Application for allotment of TAN (Form 49 B)
In case you do not have a TAN, you can submit Form 49B which is the
application form for issuance of TAN at the TIN Facilitation Centers
established by NSDL or can apply online.
• 2) 'Request for New TAN Card or/and Changes or Correction in TAN data'
In case you want Change or Correction in data associated with your
reformatted 10 digit TAN, you can use the "form for Change or Correction
in TAN data" prescribed by ITD.
• You can submit a duly filled-in application to any of the TIN-FCs managed
by NSDL or can apply online.
34. e-Tax Payment
• e-Tax Payment facilitates payment of direct taxes online by taxpayers.
• To avail of this facility you are required to have a Net-banking/Debit card of the
selected Bank.
• To pay e-Tax, select the relevant challan i.e. ITNS 280, ITNS 281, ITNS 282 or ITNS
283, ITNS 285, ITNS 286, ITNS 287, Form 26QC, Form 26QB, Form 26QD, Demand
Payment for Form 26QC or Demand Payment for Form 26QB as applicable.
• Enter PAN / TAN as applicable. There will be an online check on the validity of the
PAN / TAN entered.
• If PAN/ TAN is valid, you will be allowed to fill up other challan details like
accounting head under which payment is made, name and address of TAN and
also select the bank through which payment is to be made, etc.
• On submission of data entered, a confirmation screen will be displayed. If you
confirm the data entered in the challan, it will be directed to the Banks payment
gateway i.e. Net-Banking/Debit Card web page.
• Login to the Net-Banking site with the user ID/ password provided by the bank for
Net-Banking purpose. In case you have selected the Debit card option, please
enter the required card details. On successful login, enter payment details at the
bank site.
• On successful payment a challan counterfoil will be displayed containing CIN,
payment details and bank name through which e-payment has been made. This
counterfoil is proof of payment being made.
