Income Tax :- Payment of Income Tax , Advance Tax , Due Dates and Interest on Late Deposit

Friday, September 12, 2014 | comments

If the Income Tax Liability of any taxpayer is more than Rs. 10,000 in a financial year, then he is liable to pay such tax in installments during the year itself rather than paying this tax at the end of the year. This tax which is payable during the year is called “Advance Tax” or “pay as you earn tax” as tax is liable to be paid at the time the income is earned i.e. during the year rather than paying this tax at the end of the year.
Advance Tax receipts help the Govt. to receive a constant flow of tax receipts throughout the year so that expenses can be incurred rather than receiving all tax payments at the end of the year. Advance Tax is liable to be paid by all assesses like Salaried, Self Employed, Businessman etc. before the filing of Income Tax Return
For Individuals with Salary as the sole source of income, Advance Tax would be taken care of by the TDS deducted by the employer at the time of payment of salaries as reflected in Form 16and thus there would hardly be any Advance Tax payable. Senior Citizens not having any Business Income are also exempted from the payment of Advance Tax (Introduced by Budget 2012)
For all taxpayers earning income from any source other than salary, Advance Tax is payable in installments as explained below.

Payment of Advance Tax

Advance Tax is liable to be paid as per the following schedule
In case of Assessees other than Companies
Due Date of InstallmentAmount Payable
On or before15th SepNot less than 30% of the Advance Tax Liability
On or before15th DecNot less than 60% of the Advance Tax Liability as reduced by the amount,if any, paid in earlier installment
On or before15th Mar100% of the Advance Tax Liability as reduced by the amount, if any, paid in earlier installments
In case of Companies
Due Date of InstallmentAmount Payable
On or before 15th JuneNot less than 15% of the Advance Tax Liability
On or before 15th SeptNot less than 45% of the Advance Tax Laibility as reduced by the amount, if any, paid in earlier installment
On or before 15th DecNot less than 75% of the Advance Tax Laibility as reduced by the amount, if any, paid in earlier installments
On or before 15th March100% of the Advance Tax Liability as reduced by the amount, if any, paid in earlier installments
Payment of Advance Income Tax is to be made through Challan No. 280 by selecting Advance Tax (100) as the type of payment as shown below:-

Computation of Advance Tax

Advance Tax is liable to be paid by estimating the current year income and then applying the tax rates as per the Income Tax Slabs in force. The Advance Tax shall be computed as under:
Income under the 5 Heads of Incomexxx
(Less)Brought Forward Losses and Allowancesxxx
(=)Gross Total Incomexxx
(Less)Chapter VI-A Deductionsxxx
(=)Estimated Total Incomexxx

Income Tax on Estimated Total Incomexxx
(Add)Surcharge (if any) on the above Estimated Incomexxx
(=)Total Tax Payablexxx
(Less)Relief under section 89xxx
(=)Tax Liabilityxxx
(Add)2% Education Cessxxx
(Add)1% SHECxxx
(=)Total Tax Liabilityxxx
(Less)Relief of tax u/s 90,90A,91xxx
(Less)MAT Credit u/s 115JAAxxx
(Less)TDS as shown in Form 16/Form 16A and reflected in Form 26ASxxx
(=)Advance Tax Liabilityxxx

Payment of Advance Tax in case of Capital Gains
Although Advance Tax is liable to be paid on all incomes including Capital Gains, it is practically not possible to estimate the Capital Gains which may arise in an year. Therefore, in such cases, it is provided that if any such income arises after the due date of any installment, then, the entire amount of tax payable on such capital gain (after claiming exemption under section 54) shall be paid in remaining installments of Capital Gains which are due. If the entire amount of tax payable is so paid, then no interest on late payment will be levied.

Interest on Late Payment of Advance Tax

If the Income Tax is not payable as per the above schedule, Interest is liable to be paid for late payment of tax as follows
  1. Interest under section 234C – Interest @ 1% per month is payable if the tax is not paid as per the above schedule i.e. for Deferment in Installments of Advance Tax
  2. Interest under section 234B – Interest @ 1% is payable if 90% of the tax is not paid before the end of the financial year i.e. for Default in Payment of Advance Tax
For computing Interest u/s 234A/B/C and any other Interest, Income Tax shall be rounded off to nearest hundred and fraction of hundred shall be ignored

Interest under section 234C for Deferment of Payment of Tax

Interest under section 234C is liable to be paid @ 1% per month if
(a)Advance Tax paid on or before 15th Sept    <    30% of the Tax Due on Returned Income
OR
(b)Advance Tax paid on or before 15th Dec    <    60% of the Tax Due on Returned Income
OR
(c)Advance Tax paid on or before 15th Mar    <    Tax Due on Returned Income
OR
(d)No Tax has been paid by the Assessee
Note: Tax Due on Returned Income means the Tax on Total Income declared in
Income Tax Returnxxx
(Less)Relief of Tax u/s 90xxx
(Less)Relief of Tax u/s 90Axxx
(Less)Relief of Tax u/s 91xxx
(Less)MAT Credit u/s 115JAAxxx
(Less)TDS Paidxxx
  (=)Tax due on Returned Incomexxx

COMPUTATION OF INTEREST FOR LATE PAYMENT OF ADVANCE TAX U/S 234C

The following computations have been shown for all assessees other than companies. Computation for Companies shall be done in the same manner as for assessees other than companies as shown below taking into the account the difference in the due dates.
Computation of Interest under Section 234C for Non-Company Assessees
(a)Rate1% per month simple interest
Period3 Months
Amount30% of the “Tax due on Returned Income”
(Less)   Advance Tax paid on or before 15th Sep

(b)Rate1% per month simple interest
Period3 Months
Amount60% of the Amount Due on Returned Income
(Less) Advance Tax Paid on or before 15th Dec

(c)Rate1% per month simple interest
Period1 Month
AmountTax Due on Returned Income
(Less) Advance Tax paid on or before 15th March

Interest under section 234B for Default in Payment of Tax

Interest @ 1% per month is payable if
(a)Advance Tax Paid by the Assessee during the Previous <90% of the Assessed Tax
OR
(b)No Advance Tax is paid by the Assessee
Note: Assessed Tax means
Tax determined u/s 143(1) or on Assessment u/s 143(3)/144/147/153Axxx
(Less)Relief of Tax u/s 90xxx
(Less)Relief of Tax u/s 90Axxx
(Less)Relief of Tax u/s 91xxx
(Less)MAT Credit u/s 115JAAxxx
(Less)TDS/TCSxxx
(=)Assessed Taxxxx
In case Advance Tax paid by the Assessee is more than his actual Income Tax Liability, he can claim Refund of Income Tax by furnishing the details of tax deposited in the Income Tax Return

e-TDS :- Requirement of TDS Detail in 3CB OR CD FORM.

Monday, September 8, 2014 | comments

Friends,   Now-a-days,  Income Tax Returns are being submitting for the Financial Year 2013-14 or Assessment Year 2014-15 which are required to be got audited u/s  44AB.  Due dates for the same are 30th Sep, 2014.   The Chartered Accountants are specially demanding TDS details from the Assessee etc. 

The format of TDS details required in 3CD form is given below :=

a) Whether the assessee is required to deduct or collect tax as per the provisions of Chapter XVII-B or Chapter XVII-BB, if yes please furnish:

  1. Tax deduction and collection Account Number (TAN)
  2. Section
  3. Nature of payment
  4. Total amount of payment or receipt of the nature specified in column (3)
  5. Total amount on which tax was required to be deducted or collected out of (4)
  6. Total amount on which tax was deducted or collected at specified rate out of (5)
  7. Amount of tax deducted or collected out of (6)
  8. Total amount on which tax was deducted or collected at less than specified rate out of (7)
  9. Amount of tax deducted or collected on (8)
  10. Amount of tax deducted or collected not deposited to the credit of the Central Government out of (6) and (8)

b) whether the assessee has furnished the statement of tax deducted or tax collected within the prescribed time. If not, please furnish the details:

  • Tax deduction and collection Account Number (TAN)
  • Type of Form
  • Due date for furnishing
  • Date of furnishing, if furnished
  • Whether the statement of tax deducted or collected contains information about all transactions which are required to be reported
c) Whether the statement of tax deducted or collected contains information about all transactions which are required to be reported
  1. Tax deduction and collection Account Number (TAN)
  2. Amount of interest under section 201(1A)/206C(7) is payable
  3. Amount paid out of column (2) along with date of payment.

Download Complete Forms (Click Here)


Cloud Printing , Print anywhere from any Device

Thursday, September 4, 2014 | comments

Friends,   Google has provided too many Apps but it is surprise only few person use them.  I had heard that apps are available in mobiles.   Initially, I had used google apps named Google Drive which was excellent for auto data storage.  Now I have devoted more than two days to understand Cloud Printing.  With the help of this apps Printing can be taken from anywhere through any device connected with internet.  It was my dream since 1994 that  how can I take print  from desktop of my house to printer installed in my office.    There was no issue for technical personal but I have no such technical knowledge.   I want printing for general personal without any special knowledge which has been resolved by Google Apps i.e.  "Cloud Printing"

During my experience I have gone the  following steps & got success :-
  1. No need of specific Printer Driver from anywhere. Simply Google Cloup Printer  Apps works.
  2. Computer has Explorer or Internet Explorer, initially I was able to print only internet printing with the use of Chrome. 
  3. Word/Excel printing was only possible after installing the Google Cloud Printer (Download). 


How Does Google Cloud Print Work?

In the world of Google Cloud Print, you can print anything, from any device, to any cloud-connected printer.

When you print through Google Cloud Print, your file is securely sent to your printer over the web. Because it’s the web, Google Cloud Print works whether you’re in the same room as your printer, or on another continent. It also doesn’t matter whether you’re on a phone, a traditional desktop, or anything in between (like a tablet).


Why Google Cloud Print?

As we’ve moved towards ever more powerful cloud-based applications and web-connected mobile devices, we’ve come to expect the same capabilities from them that we’ve taken for granted on our PCs. For many, printing is near the top of that list.


Convenient

With Cloud Ready printers, the Google Cloud Print experience is ready right out of the box. Cloud Ready printers register themselves directly with the Google Cloud Print service over your home or office’s wireless network, so they’re always available. And because they’re always connected to the web, they can keep their drivers and firmware up to date without requiring your intervention. Google Cloud Print also works with conventional non-cloud printers, so you can get started today with any printer you already own.

Safe

Google Cloud Print takes the security of your files very seriously. Documents are transferred over a secure HTTPS web connection. After a job is completed, the associated document is deleted from our servers. In addition, you can delete jobs and their history at any time through the Google Cloud Print management page. To learn more about how Google Cloud Print ensures your privacy, see here.
For Friends Too

Google Cloud Print allows you to share printers with friends, family, or coworkers as easily as you would share a Google Doc file - perfect for visiting guests looking to print a flight boarding pass. From the Google Cloud Print management page, it only takes a single click to share printers that you own with trusted individuals. You can also track print jobs on your shared printers, and modify or revoke sharing rights at any time. To learn more about sharing printers, see here.



Chromebook Ready

Google Cloud Print is the standard printing technology used by Chrome OS on Chromebooks. Your Chromebook and the web live hand in hand and, for that reason, it didn’t feel right tying you down with local printer software. If you own a Chromebook, you can print any web page directly by hitting Ctrl + P, or you can print from within your web apps by looking for the “Print with Google Cloud Print” button - just make sure you’ve set up a printer first.
Enterprise Ready

Google Cloud Print is used internally by Google on over a thousand printers. It can scale to meet your organization’s needs, and can either complement or replace your existing printing infrastructure. Google Cloud Print makes life easier for both system administrators and users.

Print anywhere, from any device.
Google Cloud Print is a new technology that connects your printers to the web. Using Google Cloud Print, you can make your home and work printers available to you and anyone you choose, from the applications you use every day. Google Cloud Print works on your phone, tablet, Chromebook, PC, and any other web-connected device you want to print from.



Cloud Ready Printers

For the best Google Cloud Print experience, we recommend that you use a Cloud Ready printer. Cloud Ready printers connect directly to the web and don’t require a PC to setup: you can connect one to your Google Cloud Print account in seconds, and immediately start printing to it.

Use the setup tab for information on how to setup any of the printers below. For printers not listed here, see the section on ‘Setting up other printers’.


Supported Apps (Click Here)

Income Tax :- Scrutiny Criteria for the Financial Year 2014-15

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Compulsory manual selection of cases for scrutiny during the Financial Year 2014-15. Instruction No. 6/2014 Dated- 2nd of September, 2014 

Subject: Compulsory manual selection of cases for scrutiny during the Financial Year 2014-15-regd:-

In supersession of earlier Instructions on the above subject, the Board hereby lays down the following procedure and criteria for manual selection of returns/cases for scrutiny during the Financial-year 2014-2015:- 

a) Cases involving addition in an earlier assessment year in excess of Rs. 10 lakhs on a substantial and recurring question of law or fact which is confirmed in appeal or is pending before an appellate authority. 

b) Cases involving addition in an earlier assessment year on the issue of transfer pricing in excess of Rs. 10 crore or more on a substantial and recurring question of law or fact which is confirmed in appeal or is pending before an appellate authority. 

c) All assessments pertaining to Survey under section 133A of the Act excluding the cases where there are no impounded books of accounts/documents and returned income excluding any disclosure made during the Survey is not less than returned income of preceding assessment year. However, where assessee retracts the disclosure made during the Survey will not be covered by this exclusion. 

d) Assessments in search and seizure cases to be made under section 158B, 158BC, 158BD, 153A & 153C read with section 143(3) of the Act and also for the returns filed for the assessment year relevant to the previous year in which authorization for search arid seizure was executed u/s 132 or 132A of the Act. 

e) Returns filed in response to notice under section 148 of the Act. 

f) Cases where registration u/s 12AA of the IT Act has not been granted or has been cancelled by the CIT/DIT concerned, yet the assessee has been found to be claiming tax-exemption under section 11 of the Act. However, where such order’s of the CIT/DIT have been reversed/set-aside in appellate proceedings, those cases will not be selected under this clause. 

g) Cases where order denying the approval u/s 10(23C) of the Act or withdrawing the approval already granted has been passed by the Competent Authority, yet the assessee has been found claiming tax-exemption under the aforesaid provision of the Act. 

h) Cases in respect of which specific and verifiable information pointing out tax evasion is given by Government Departments/Authorities. The Assessing Officer shall record reasons and take prior approval’ from jurisdictional Pr. CCIT/CCIT /Pr. DGIT/DGIT concerned before selecting such a case for scrutiny. 

2. Computer Aided Scrutiny Selection (CASS): Cases are also being selected under CASS on the basis of broad based selection filters. List of such cases shall be separately intimated in due course by the DGIT(Systerns) to the jurisdictional authorities concerned. 

3. It is reiterated that the targets for completion of scrutiny assessments and strategy of framing quality assessments as contained in Central Action Plan document for Financial-Year 2014-2015 has to be complied with and it must be ensured that all scrutiny assessment orders including the cases selected under the manual criterion are completed through the AST system software only. Further, in order to ensure the quality of assessments being framed, Pr. CCsIT/CCsIT/Pr. DsGIT/DsGIT should evolve a suitable monitoring mechanism and by 30th April, 2015, such authorities shall send a report to the respective Zonal Member with a copy to Member (IT) containing details of at least 50 quality assessment orders from their respective charges. In this regard, IT Authorities concerned must ensure that cases selected for publication in ‘Let us Share’ are picked up only from the quality assessments as reported. 

4. I These instructions may be brought to the notice of all concerned. If considered necessary a supplementary guideline would be issued subsequently. 

5. I Hindi version to follow. 

(Rohit Garg) 
Deputy-Secretary to the Government of India 

F.No. 225/229/2014/ITA.II 

Government of India, Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, North-Block, IT (A-II) Division, New Delhi 

TDS :- Mandatory filing of TDS Statements , Implications of Non / Late filing of TDS Statement , Actions to be taken

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Friends,   CPC (TDS) Team has communicated / explained  to their deductors or tax payers on 20-08-2014 regarding  Mandatory filing of TDS Statements ,  Implications of Non / Late filing of TDS Statement  & Actions to be taken.  Letter in detail is given below : -

Dear Deductor,

As per the records of the Centralized Processing Cell (TDS), you have made payments for Tax Deducted, however, no TDS Statements have been filed for any Quarter in FY 2013-14 as yet. In this regard, your urgent attention is invited to relevant CBDT Circulars and provisions of the Income Tax Act, mandating filing of TDS Statements and Issuance of TDS Certificates downloaded from TRACES.


If you are not required to submit the relevant statement, you are requested to submit a declaration by taking appropriate action as suggested under "Action to be taken" in this communication. Otherwise, your urgent attention is invited to relevant CBDT Circulars and provisions of the Income Tax Act, mandating filing of TDS Statements and Issuance of TDS Certificates downloaded from TRACES.

1. Mandatory filing of TDS Statements:

Please refer to the provisions of section 200(3) of the Income Tax Act, 1961 read with Rule 31A, which reads as follows:

Every person responsible for deduction of tax under Chapter XVII-B, shall, in accordance with the provisions of sub-section (3) of section 200, deliver, or cause to be delivered, the following quarterly statements to the Director General of Income-tax (Systems) or the person authorised by the Director General of Income-tax (Systems), namely:

  • Statement of deduction of tax under section 192 in Form No. 24Q; 
  • Statement of deduction of tax under sections 193 to 196D in-
     • Form No. 27Q in respect of the deductee who is a non-resident not being a company or a foreign company or resident but not ordinarily resident; and
     • Form No. 26Q in respect of all other deductees.
It is, therefore, advised to file the applicable TDS Statements at the earliest to comply with the above provisions.


2. Implications of Non/ Late filing of TDS Statements:
  • For Deductors: In case of late filing of TDS Statements, a fee shall be levied on the deductor u/s 234E of the IT Act which reads as under:
     • Where a person fails to deliver or cause to be delivered a statement within the time prescribed in sub-section (3) of section 200 or the proviso to sub-section (3) of section 206C, he shall be liable to pay, by way of fee, a sum of two hundred rupees for every day during which the failure continues
  • For Tax payers: Non/ Late filing of TDS statements results into the TDS Credit not being available to the deductees. They, therefore,will not be able to claim the credit for tax already deducted from the payments made to them. Please note that TDS Certificates will not be available until the TDS Statements are duly filed.
3. Actions to be taken:
  • Please file the relevant TDS Statement without any further delay.
  • If you are not required to file the same, please submit a declaration for Non-filing on TRACES. For this purpose, you can login to TRACES, navigate to "Statements/ Payments" menu and submit details under "Declaration for Non-Filing of Statements".
  • Issue TDS certificates after generating and downloading the same from TRACES. TDS Certificates downloaded only from TRACES Portal will be valid.
For any assistance, you can also write to ContactUs@tdscpc.gov.in or call our toll-free number 1800 103 0344.
CPC (TDS) is committed to provide best possible services to you.

CPC (TDS) TEAM

Latest Income Tax FORM 3CB OR FORM 3CD JAVA BASED UTILITY

Thursday, August 21, 2014 | comments

Friends,    Income Tax Department has released java based new utility for submission of online FORM 3CA-CD & FORM  3CB-3CD form alongwith updated schema. Secondly,  due date for submitting 3CB-CD form has been extended from 30.09.2014 to 30.11.2014 but income tax return submission  date has not been changed from 30.09.2014.

CBDT has also extended the date of obtaining and furnishing of tax audit report u/s 44AB for assessment year 2014-15 (financial year 2013-14) from 30.09.2014 to 30.11.2014 vide notification dated 20.08.2014.

       As you may aware of CBDT has recently amended the Tax audit form 3CA,3CB,3CD on 25.07.2014. ICAI has questioned the timing of the notification and represented to the CBDT to implement new audit report format from assessment year 2015-16.

Please note that due date has been extended only to obtain and furnish tax audit report ,Due date to file income tax return for audit for FY 2013-14 cases remains 30.09.2014.

Complete Notification of due date Extension is given as under.



F.No.133/24/2014-TPL
GOVERNMENT OF INDIA
MINISTRY OF FINANCE
(DEPARTMENT OF REVENUE)
(CENTRAL BOARD OF DIRECT TAXES)
New Delhi, the 20th August, 2014

Order Under Section 119 of the Income-tax Act, 1961

In exercise of power conferred by section 119 of the Income-tax Act (‘the Act’), the Central Board of Direct Taxes (CBDT) hereby extends the due date for obtaining and furnishing of the report of audit under section 44AB of the Act for Assessment Year 2014-15 in case of assessees who are not required to furnish report under section 92E of the Act from 30th day of September, 2014 to 30th November, 2014.

2. It is further clarified that the tax audit report under section 44AB of the Act filed during the period from 1st April, 2014 to 24th July, 2014 in the pre-revised Forms shall be treated as valid tax audit report furnished under section 44AB of the Act.


(J.Saravanan)
Under Secretary (TPL-III)


Instructions for uploading the above forms are given below :-



Download Java based Utility Form 3CA-3CD (Click Here)
Download Java based Utility Form 3CB-3CD (Click Here)

Download Word format for 3CA, 3CB & 3CD (Click Here)

Income Tax :- Direct e-filing of Income Tax Return from Banks

Saturday, August 16, 2014 | comments

Friends,   Income Tax Department has provided facility of e-filing of Income Tax Return through Banks.  Customers using internet banking facility can avail benefit of this service.  Name, Address , Pan Number, Date of Birth , Bank Account Number, IFSC Codes etc may be automatically captured in filing of  income tax return from Bank Verified database.  

                In the first instance this facility has been started with Corporation Bank, Union Bank of India and  Oriental Bank of Commerce. Others banks are expected to follow the same. 

TDS :- CPC (TDS) mandates closure of Short Payment Defaults using Online Correction facility before allowing Conso Files

Sunday, August 10, 2014 | comments

Friends,   Income Tax Department has communicated through email to their deductos regarding TDS on 09/08/2014 that dedcutors have to deposit Short Payment before allowing to download Conso File.   

                 The information is very difficult and shocked for all.   Now in case TDS Return is submitted with error and Income Tax Department has raised demand on account of Short Payment, the Default amount will have to deposit  with in 30 days from the demand and then deductor will be above to download Conso file after needful tagging of unconsumed challans on TRACES. 

                   In our opinion , before implementation of below circular,  It is strictly  required that all errors in TDS return should be displayed before uploading any FVU file.  


053/2014

Date of communication : 09/08/2014

Dear Deductor, 

The Centralized Processing Cell (TDS), in its endeavour to enforce TDS Compliance, is shortly mandating closure of “Short Payment defaults” in the quarterly TDS statements due to Unmatched Challans, before the Conso files can be downloaded from TRACES for the relevant statements. Following are key information to be noted in this regard:


  • CPC(TDS) mandates to close the above default by tagging unconsumed challans, if available in CPC(TDS) system, through online correction (without digital signature).
  • In case there is no available challan for consumption, the deductor is required to first deposit the due tax in the bank and then the same challan will be available for tagging in CPC(TDS) system after around 3-4 days of deposit.
  • CPC(TDS) mandates to close the above default by Matching or Payment of challans.
  • The user will not be able to download Conso file for the relevant TDS statement until the above default is closed.
  • The Online Correction facility of TRACES needs to be used for closure of the Short Payment default.
  • · User will subsequently be able to download the Conso file for relevant period only after the default is closed.


Why the Short Payment needs to be paid:


  • CPC (TDS) intends to enforce compliance towards payment of taxes to the Government.
  • In accordance with provisions of section 201(1) of the Act, where any person, including the principal officer of a company, who is required to deduct any sum in accordance with the provisions of the Act; does not pay, or after so deducting fails to pay, the whole or any part of the tax, as required by or under this Act, then, such person, shall be deemed to be an assessee in default in respect of such tax.
  • As per the provisions of section 220 of the Act,

    1. Any amount, specified as payable in a notice of demand shall be paid within thirty days of the service of the notice.

    2. If the amount specified in any notice of demand is not paid within the period limited under sub-section (1), the assessee shall be liable to pay simple interest at one per cent for every month or part of a month comprised in the period commencing from the day immediately following the end of the period mentioned in sub-section (1) and ending with the day on which the amount is paid.
  • If any person fails to deduct or pay the whole or any part of the tax, then, such person shall be liable to pay, by way of penalty, a sum equal to the amount of tax which such person failed to deduct or pay under Section 271C of the Act.
  • Failure to pay tax to the credit of Central Government is punishable with fine as per the provisions of section 276B/ 276BB.
  • Section 278A of the Act prescribes for punishment for second and subsequent offences, if any person has been convicted of an offence under section 276B.


What Actions to be taken:


  • During submission of request for Conso File, a message will be displayed, if there are Short Payment defaults in the TDS statement and instructions will be provided to submit Online Correction.
  • Details of defaults will be provided during Online Correction process.
  • In case of insufficient challans, please use Challan ITNS 281 to pay the demand or use any other Challan, which has adequate balance available.
  • Submit an Online Correction using the functionality on TRACES to tag the challans with deductee rows. Login to TRACES and navigate to "Defaults" tab to locate "Request for Correction" from the drop-down list. You can refer to our e-tutorial for necessary help.
  • Online Challan Corrections:
    -A list of all Matched and Unmatched challans can be viewed by clicking the appropriate tab.
    -Unmatched challans can be corrected and tagged to Deductee rows in the statement.
    -The corrections in TDS statements can be raised even without Digital Signature.
    -Correct KYC information needs to be submitted for the purpose of validation.
    -All previous corrections pertaining to the statement should have been processed and the processing status can be verified from the Dashboard.


You are requested to take appropriate actions to avoid any inconvenience in absence of Conso files for carrying out any other corrections to your TDS statements.

For any assistance, you can write to ContactUs@tdscpc.gov.in or call our toll-free number 1800 103 0344.

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

CPC (TDS) TEAM


Income Tax :- Recover your e-filing password

Friday, August 8, 2014 | comments

Friends,    Someone has recently asked that in case he has lost his previous ITR-V, email ID with password and e-filing password.  How can he submit his ITR-1 as in individual or others.   He has also tried to register as new register with new email id etc.  But it shows on screen that "PAN IS ALREADY REGISTERED",   so new registration is not possible.

The same problem has also been informed by another assessee, he had filed his ITR through legal adviser using email address and mobile number of adviser.   Now, he is not familiar with adviser and want to submit his ITR without consultation with adviser.  



Solution :-

Use "Forget Password" link available at https://incometaxindiaefiling.gov.in.  Enter your user ID and number as shown in  image . 

After that new screen will be displayed and you may select use OTP (PIN's) with new email address and mobile number.  The following screen will be displayed for your further inputs. 


We hope in this way e-filing password  problem can be easily removed. 

Income Tax :- Some problems with solutions regarding Legal Heir

Tuesday, August 5, 2014 | comments

Legal Heir


Problem Description :What all document do I need to attach as a ZIP file during registering myself as Legal Heir?

Corrective Action:You need to scan the following documents and ZIP them in a file:
  • Copy of the Death Certificate of the deceased person,
  • Copy of the PAN card of deceased person,
  • Self attested copy of PAN card of the Legal Heir.
  • Self attested copy of Legal Heir Certificate


Problem Description :I received an e-mail from Income Tax Department stating that my request for Legal Heir has been accepted and I am assigned as the Legal Heir for the deceased. Can I e-File for the deceased person now?

Corrective Action:Yes.

Problem Description :I am assigned as the Legal Heir for the deceased person. How can I e-File for the deceased person?

Corrective Action:LOGIN using your own User ID, Password and Date of Birth. Once logged in, GO TO ‘e-File’ –> ‘Upload Return’. Select the PAN from the drop-down option as the deceased’s PAN. Fill the remaining details on the page and upload XML. Sign using DSC if available and applicable.

Problem Description :I am trying to upload Income Tax Return for a deceased but I am getting an error message saying “PAN mentioned on Personal/ Verification section is invalid”. What should I do?

Corrective Action:Please ensure that the PAN entered in the Verification section of the Income Tax Return is your (Legal heir) PAN and not of the deceased person. Also, if the Income Tax Return is being digitally signed, the PAN encrypted in the DSC must match with the PAN mentioned in the verification section.

Problem Description :Whose Digital Signature Certificate (DSC) can I use to e-File the deceased’s Income Tax Return?

Corrective Action:You need to use your own valid Digital Signature Certifcate (DSC) which is registered with e-Filing
 
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