Procedure for furnishing TDS through the e-tax payment option immediately after providing the transaction details

E-Payment facilitates payment of taxes online by taxpayers. To avail this facility the taxpayer is required to have a net-banking account with any of the authorized banks. Please follow the steps as under to pay tax online:-

Step 1:

a) Log on to NSDL-TIN website (www.tin-nsdl.com).
b) Click on the option Furnish TDS on property.
c) Select Form for Payment of TDS on purchase of Property.

Step 2:

After selecting the form you will be directed to the screen for entering certain information.

Example:-

a) Permanent Account Number (PAN) of Property Purchaser and Seller.
b) Address of the Purchaser, Seller as well as the Property being purchased
c) Financial Year during which the Purchase has been made
d) Major Head Code-To indicate the type of tax applicable viz; Tax on companies/Tax on other than companies
e) Value of Property
f) Date of agreement/booking
g) Amount Paid/credited (Transaction amount)
h) Rate of TDS
i) TDS Amount
j) Dates of payment/credit, deduction
k) Select the option for Payment of taxes immediately

It is important to ensure that PAN of Buyer and Seller are correctly mentioned in the form. There is no online mechanism for subsequent rectification. Deductor will have to approach the Assessing Officer or CPC-TDS for rectification of errors.

Step 3:

After entering all the above detail, click on PROCEED button. The system will check the validity of PAN. In case PAN is not available in the database of the Income Tax Department then you cannot proceed with the payment of tax.

If PAN is available then TIN system will display the contents you have entered along with the Name appearing in the ITD database with respect the PAN entered by you.

Step 4:

You can now verify the details entered by you. In case you have made a mistake in data entry, click on EDIT to correct the same. If all the detail and name as per ITD is correct, click on SUBMIT button. Nine digit alpha numeric ACK no. will be generated and you will be directed to the net-banking site provided by you.

Please be informed that the name and status of PAN is as per the ITD PAN Master. You are required to verify the name before making payment. In case any discrepancy is observed, please confirm the PAN entered by you. Any change required in the name displayed as per the PAN Master can be updated by filling up the relevant change request forms for PAN. If the name is correct, then click on Confirm

Step 5:

After confirmation an option will be provided for submitting to Bank. On clicking on Submit to Bank deductor will have to login to the net-banking site with the user ID/ password provided by the bank for net-banking purpose and 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.

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Steps to file Income Tax Return without using any software

After incorporating the new facilities on income tax e-filing portal, one can file his/her income tax returns directly on the department website without using any software. 

Steps to file Income Tax Returns without using software: 

1. Log on to www.incometaxindiaefiling.gov.in

2. Click on login option.

3. Once you click the login option, you will be asked to provide User ID, password and Date of Birth for login into your account. 

4. Once you login into your acount, you will find an option called e-File on the menu. 

5. Under the e-file menu, select the option called Prepare and Submit online ITR. 

6. Once you select the above option, the following details will be displayed on the screen; 

 i.  PAN No. 

ii.  ITR form name: Here you need to select the ITR form applicable to you, as of now two ITR forms are available for efiling (ITR 1 and ITR 4S). 

iii. Assessment year: Here you need to select the Assessment year for which you are filing the return. 

iv. Address: Here you need to select one of the option out of 3 options( 1. Address from PAN Database, 2. Address from previous year return and 3. New address). 

v.  Digital Signature: Select YES if you want to file your return with digital signature otherwise NO. 

vi.  After filling the above details, then click on SUBMIT button. 

vii.  After clicking the SUBMIT button, the system will take you to ITR form. 

7. Once the ITR form got opened then you need to enter your details in the ITR form. 

8. Once all the details in the ITR form are filled then you need to click on SUBMIT option for filing the return. 

Note: 

 1. While filling the details in the ITR, please DONT click on BACK button or   BACKSPACE . If you click on BACK Space or BACK button, then you will be logged out. 

  2.  After entering the data in each screen of ITR form, please click on Save button to save the data.

 

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