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Smart & Easy TDS Software for Preparing TDS Returns

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CPC(TDS) Advisory Communication regarding “Aggregated TDS Compliance” at Organization’s PAN Level

CPC (TDS) has issued a letter to all deductors with information regarding the release of new feature “Aggregated TDS Compliance” at Organization’s PAN level.

The letter produced is here as under:

Date of communication: 03/05/2014

Dear Deductor,

In our endeavor to facilitate improved TDS administration, CPC (TDS) feels glad to provide you with the feature of “Aggregated TDS Compliance” at PAN level for all TANs associated with the referenced PAN. Following are additional details related to the new feature.

What is meant by Organization’s PAN:

The above indicates the PAN of an entity, having more than one TANs of its branches, associated with the referenced PAN. This will be the PAN of the Central Office, Headquarter etc., as may be appropriate. The said PAN must review the “Aggregated TDS Compliance” report on a regular basis to improve TDS compliance at Organization level.

What does the new feature offer:

  • The above stated PAN can view TDS performance for all of its respective TANs by logging into TRACES as a Taxpayer.
  • The Defaults generated for all the TANs can be viewed by using the feature. The following type of Defaults for the branches can be viewed:

      1. Total Default
      2. Short Payment Default
      3. Short Deduction Default
      4. Interest on Payment Default u/s 201
      5. Interest on Deduction Default u/s 201
      6. Late Filing Fee u/s 234E
      7. Interest u/s 220(2)
      8. PAN Errors

The respective TANs with Defaults in their TDS Statements can be pursued to get the above resolved by taking following actions:

    1. Carrying out necessary corrections in the records reported in the TDS statements,
    2. Paying the outstanding demand and
    3. Submitting the Correction Statements at the earliest.

  •  The respective TANs with Defaults in their TDS Statements can be pursued to get the above resolved by taking following actions:

  •  The feature thus provides for a summary of Defaults, which assists in effective TDS administration, monitoring, control and compliance at Organization level.
  •  The feature will be extremely useful for the purpose of complying with the provisions of Section 40(a)(ia) of the Income Tax Act, 1961 by the concerned entity,  to ensure that correct information is disclosed in paragraph 27A/B of the Tax Audit Report (Form 3CD) u/s 44AB of the Act.

How to use the feature:

  •  You are requested to Log in to TRACES as a Taxpayer, using your credentials.
  •  Navigate to Aggregated TDS Compliance menu on the webpage.
  •  Choose the views according to Financial Year (Download Option 1) or Default Type (Download Option 2) from the drop down lists.
  •  PDF or html views are available for the entity having less than 25 TANs. For larger number of TANs, a download request needs to be submitted.
  •  Submit the Request to generate a Request Number.
  •  The submitted request will be made “Available” in MS Excel format, under “Requested Downloads” in the “Download” menu. The reports will usually be made available within four hours of submission.
  •  The report will be “Not Available” if there are No Defaults or there are statements yet to be processed. If you believe that either of the two is not true, the same can be reported to CPC (TDS).
  • The feature provides for the above information for Financial Year 2007-08 onwards.

The steps to use the functionality are easy and convenient, however, e-Tutorials for the above release will shortly be made available on the portal. You can reach out to us on contactus@tdscpc.gov.in or call our toll-free number 1800 103 0344 for any assistance.

CPC (TDS) is committed to provide best possible services to you.

CPC (TDS) TEAM

Notes:

  • Please maintain updated email address and Contact Number on TRACES to receive regular periodic updates and guidelines from TRACES.
  • Please refer to our FAQs and e-tutorials for detailed screen-driven assistance, before seeking further help.
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CPC automates default identification process in respect of TDS statements

The Centralized Processing Cell (TDS) automated the Default identification process in respect of TDS statements submitted. CPC (TDS) has highlighted the need for correct and complete reporting of data in the TDS statements and has therefore, implemented processes to enforce compliance.

With the above functionality made available by TRACES, intimations have been sent to the deductors, wherever applicable, through SMS and e-mail services and through Registered/ Speed Post. Further, TRACES has also provisioned for easy access to this information by way of display in Deductor’s Dashboard and by availability of electronic copies of Justification Reports for the defaults generated with respect to relevant TDS statements.

In view of the close of the month approaching fast, you are advised to pay the outstanding demand at an early date to avoid Penal Interest u/s 220(2)of the Actread with Rule 119A, apart from intimation of other recovery proceedings as per Income Tax Act, 1961. If the demand has already been paid, you are requested to file a Correction Statement by tagging the challan and the Justification report can be verified for closure of demand, if the revision has already been submitted and processed.

The following steps shall help you analyze and pay the demand:

1. Download the Justification Report from our portal TRACES to view your latest outstanding demand.
2. Use Challan ITNS 281 to pay the above with your relevant Banker or use any other Challan, which has adequate balance available.
3. Download the Conso File from TRACES portal.
4. Prepare a Correction Statement.
5. Submit the Correction Statement at TIN Facilitation Centre.
6. If the demand is due to mismatch of challan(s), the Online Correction facility on TRACES can be used for tagging the same.

 

 

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New PAN application forms and document required for PAN application

There are two types of PAN applications: 

1. Application for allotment of PAN:  This application form should be used when the applicant has never applied for a PAN or does not have PAN allotted to him. Applicant may visit ITD’s website www.incometaxindia.gov.in to find whether a PAN has been allotted to him or not.

Following forms have been notified by ITD (w. e. f. November 1, 2011) for submitting applications for allotment of new PAN:

FORM 49A:  To be filled by Indian citizens including those who are located outside India.

FORM 49AA:  To be filled by foreign citizens.

Download New Form 49A and 49AA in PDF alongwith changes in format for supporting documents 

2. Application for new PAN Card or/and Changes or Corrections in PAN Data:  Those who have already obtained the PAN and wish to obtain the new PAN card or want to make some changes / corrections in their PAN data, are required to submit their applications in the following form prescribed by ITD:

REQUEST FOR NEW PAN CARD OR/AND CHANGES OR CORRECTION IN PAN DATA:  

The same form can be used by Indian as well as foreign citizens.

A new PAN card bearing the same PAN but updated information is issued to applicant in such case.

Documents Required

Applicant should ensure that the necessary supporting documents (as specified under Rule 114 of Income Tax Department) are submitted along with the application. The details of the documents required are also provided in the application form. Name mentioned in Application form and Name in the Proof of Identity /Proof of Address should match exactly.

Click here to view the document acceptable as proof of identity, proof of address and proof of date of birth as per Rule 114 of Income Tax Rules, 1962, for individual and HUF applicants.

Where to get the Physical Application Forms

Applicants may obtain the application forms from TIN-FCs, PAN centres, any other vendors providing such forms or can freely download the same from this website.

Download New Form 49A and 49AA in PDF alongwith changes in format for supporting documents

Download PAN Application in Excel 49A and change in pan data/correction application form

PAN application Status Track

The applicants may track the status of their application using 15 digit unique Acknowledgment Number after three days of application using the pan application  status track facility. Alternatively, applicant may call TIN Call Centre on 020 – 2721 8080 to enquire about the status of application. The status of the PAN application can also be tracked by sending an SMS – NSDLPAN < your 15 digit acknowledgement number > to 57575.

Fee

If the communication address is within India, the fee for processing of PAN application is 105 (93 +12.36% service tax).

If the communication address is outside India, the fee is 971 [Application fee 105 (93 + 12.36% service tax) + Dispatch Charges 866].

How Soon a PAN Card is Dispatched

Normally 15 days are required to process the application, provided application is found to be in order (25 days in case of CR).

AO Codes

  1. Defence Personnel AO Codes
  2. Non International Taxation AO Codes
    • Mumbai region
    • Other than Mumbai region
    • International Taxation AO Codes
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