Thursday, November 29, 2012

Electiricy :- How to save Electricity Charges

  • Clean your tube lights and lamps regularly.
  • Use compact fluorescent tube lights with lower capacity instead of ordinary bulbs.
  • Use fan in summer instead of air conditioner as far as possible.
  • Set air conditioner coolness as per requirement.
  • Use daylight and fresh air by opening windows of home.
  • Use ISI mark appliances.
  • Don’t open and close door of refrigerator frequently.
  • Defrost freezer compartment regularly for a manual defrost refrigerator.
  • Take care for proper closing of refrigerator door.
  • Don't put hot meal in refrigerator.
  • Switch off refrigerator when you go out station.
  • Insulate heater pipes properly.
  • Use hot water as per requirement.
  • Use microwave oven instead of ordinary oven.
  • Turn off computer when not in use.
  • Use water pump as per requirement only.
  • Use washing machine with full load.
  • Dry clothes in open air instead in washing machine.
  • Use solar cooker.
  • Remove un used fixtures.
  • Use light color walls and furniture.
  • Use proper size of motors.
  • Use non-conventional energy as far as possible.
  • Switch off unused lights in lunch break in office.
  • Turn off lights when not in use immediately.

Saturday, November 24, 2012

e-TDS :- How can i correct a challan in OLTAS ?

The fields that can be corrected by deductor through bank are tabulated below:
Sr. No.
Type of Correction on Challan
Period for Correction Request (in days)
1
PAN / TAN
Within 7 days from challan deposit date
2
Assessment Year
Within 7 days from challan deposit date
3
Major Head
Within 3 months from challan deposit date
4
Minor Head
Within 3 months form challan deposit date
5
Nature of Payment
Within 3 months from challan deposit date
6
Total Amount
Within 7 days from challan deposit date
Note:
  • Above correction mechanism is applicable only for physical challans with deposit date greater than equal to September 1, 2011
  • Any correction request initiated by deductor after the time limit specified above shall be rejected by bank
  • Fields that can be corrected and the entity authorized to carry out corrections on challans with challan deposit date less than September 1, 2011 are as below:
Sr. No.
Type of Correction on Challan
To Be Performed By
1
PAN / TAN
Assessing Officer
2
Assessment Year
Assessing Officer
3
Major Head
Assessing Officer / Bank
4
Minor Head
Assessing Officer
5
Nature of Payment
Assessing Officer
6
Total Amount
Bank
7
Name
Bank

Why is it necessary to have a TAN ?

                The provisions of Section 203A of the Income Tax Act, 1961 require all persons who deduct or collect tax at source to apply for the allotment of TAN. The section also makes it mandatory to quote TAN in all TDS / TCS / Annual Information Returns, payment challans and certificates to be issued. Deductor cannot file TDS / TCS statements and deposit challans for TDS / TCS payments in banks without TAN. Failure to apply for TAN or not quoting the same in the specified documents attracts a penalty of ` 10,000/-.

Thursday, November 22, 2012

Pan :- Meaning of PAN

       Permanent Account Number (PAN) is a ten-digit alpha-numeric number, issued by the Income Tax Department. Each assessee (e.g., individual, firm, company, etc.) is issued a unique PAN. PAN enables department to link all transactions of the 'person' with the department. These transactions include tax  payments, TDS / TCS credits, returns of income / wealth / gift / FBT, specified transactions, correspondence, etc. PAN, thus, acts as an identifier for the 'person' with the tax department. PAN structure is as follows: AAAAA9999A. First five characters are letters, next four are numerals, last is a character letter

If PAN does not follow the above structure, PAN will be shown as invalid The fourth character of the PAN must be one of the following, depending on the type of assessee:

C - Company
P - Person
H - HUF (Hindu Undivided Family)
F - Firm
A - Association of Persons (AOP)
T - AOP (Trust)
B - Body of Individuals (BOI)
L - Local Authority
J - Artificial Judicial Person
G - Government

The fifth character of the PAN is the first character of the surname / last name of the person (in case of personal PAN card, the fourth character is "P") or of the name of Entity / Trust / Society / Organisation. 

Wednesday, November 21, 2012

TAN : - How can i register my TAN Number or collect Consolidated file.

Presently, tan holders are using TAN registration facility at www.tin-nsdl.com.  But now Income Tax Department has stopped TAN Registration at www.tin-nsdl.com.   A new website www.tdscpc.gov.in has been created regarding all issues related to TDS like  TAN Registration, Pan Verification, View Default Summary, File Online Correction statement with or without digital signature or e-signature, download form 16 or 16a or 27D or 27A, view communication in box etc.  There are lot of new features at www.tdscpc.gov.in.   Sign Up  details on the said website are given as detailed below :-

  • Fields marked by asterisk (*) are mandatory
  • Deductor registration is for registering a TAN on TRACES
  • Each TAN will have one Admin User
  • When a TAN registers on TRACES for the first time, Admin User account will be created for the TAN
  • After registration, Admin User can login to TRACES and add upto 4 sub-users for the TAN
  • All functionalities remain same for Admin User and sub-users, except that filing of online correction can be done only by Admin User. Sub-user can prepare online correction statement and submit to Admin User and Admin User will submit to ITD
  • User can register on TRACES without digital signature
  • It is not mandatory to file correction statement on TRACES using digital signature
  • Digital Signature or e-Signature can be registered later through the Profile section
  • Some of the functionalities that will be available for deductor after registering on TRACES are:
    • View Challan Status
    • PAN Verification
    • View Default Summary
    • File Online Correction with / without Digital Signature or e-Signature
    • Upload Correction Statement (offline correction)
    • Download Form 16 / 16A / 27D / 27A
    • View communication in Inbox
  • Step-1:
    • Enter TAN and either Token Number or TAN Registration Number
    • Token Number (Provisional Receipt Number) should be of an accepted statement (regular or correction) filed on or after April 1, 2010
    • TAN Registration Number should be the 12-digit alpha-numeric value generated during online TAN registration on TIN
    • If both Token Number and TAN Registration Number are entered, Token Number will be considered for validation
  • User must have filed at least one statement in TIN to be able to register on TRACES
  • If user has registered on TRACES but not activated its account and if the 24 hours deadline for activation has not lapsed, user can opt for the activation link to be resent by filling up details in Step-1 and submitting the same. Deadline for account activation will remain the same and will not be extended

Sunday, November 18, 2012

Excise & Service Tax :- List of 104 commissionerate with zone and date

The Automation of Central Excise and Service Tax [ACES] application has been rolled out in all 104 Central Excise, Service Tax and Large Tax Payers Commissionerates across India.

S.No.
Commissionerate
Zone
Date
104
LTU Delhi
Delhi
23rd Dec 2009
103
LTU Mumbai
Mumbai
21st Dec 2009
102
Bhavnagar
Ahmedabad
19th Dec 2009
101
Vadodara-I
Vadodara
18th Dec 2009
100
Vadodara-II
99
Surat-I
98
Surat-II
97
Vapi
96
Daman
95
Mumbai-I
Mumbai-I
94
Mumbai-IV
93
Pune-I
Pune
92
Pune-III
91
Kolhapur
90
Goa
89
Ranchi
Ranchi
88
Rajkot
Ahemdabad
87
Lucknow
Lucknow
86
Aurangabad
Nagpur
85
Raigarh
Mumbai-II
17th Dec 2009
84
Jammu & Kashmir
Chandigarh
83
Dibrugarh
Shillong
82
Guwahati
81
Kanpur
Lucknow
80
Patna
Ranchi
16th Dec 2009
79
Indore
Bhopal
15th Dec 2009
78
Bhopal
77
Meerut-I
Meerut
76
Meerut-II
75
Noida
74
Ghaziabad
73
Nagpur
Nagpur
72
Nashik
71
Mysore
Mysore
70
Thane-I
Mumbai-I
69
Mumbai-V
68
Allahabad
Lucknow
67
Ludhiana
Chandigarh
66
Raipur
Bhopal
14th Dec 2009
65
Mumbai-III
Mumbai-II
64
Shillong
Shillong
63
Jamshedpur
Ranchi
62
Visakhapatnam-I
Visakhapatnam
10th Dec 2009
61
Visakhapatnam-II
60
Guntur
59
Tirupati
58
Gurgaon (Delhi-III)
Delhi
1st Dec 2009
57
Panchkula
56
Rohtak
55
Thane-II
Mumbai-I
30th Nov 2009
54
Mangalore
Mysore
53
Bhubaneshwar-I
Bhubaneshwar
52
Puducherry
Chennai
26th Nov 2009
51
Delhi-I
Delhi
25th Nov 2009
50
Delhi-II
49
Cochin
Cochin
23rd Nov 2009
48
Calicut
47
Thiruvananthapuram
46
Mumbai-II
Mumbai-II
20th Nov 2009
45
Chandigarh-I
Chandigarh
16th Nov 2009
44
Chandigarh-II
43
Kolkata-I
Kolkata
13th Nov 2009
42
Kolkata-II
41
Kolkata-III
40
Kolkata-IV
39
Kolkata-V
38
Kolkata-VI
37
Kolkata-VII
36
Bolpur
35
Haldia
34
Siliguri
33
Madurai
Coimbatore
10th Nov 2009
32
Thiruchirappalli
Coimbatore
5th Nov 2009
31
Tirunelveli
Coimbatore
29th Oct 2009
30
Belgaum
Mysore
29
Salem
Coimbatore
21st Oct 2009
28
Mumbai ST
Mumbai-I
16th Oct 2009
27
Delhi ST
Delhi
14th Oct 2009
26
Chennai-I
Chennai
5th Oct 2009
25
Chennai-II
24
Chennai-III
23
Chennai-IV
22
Bengaluru-I
Bengaluru
30th Sep 2009
21
Bengaluru-II
20
Bengaluru-III
19
Bengaluru ST
18
Kolkata ST
Kolkata
23rd Sep 2009
17
Jaipur-I
Jaipur
16
Jaipur-II
15
Ahmedabad-I
Ahmedabad
18th Sep 2009
14
Ahmedabad-II
13
Ahmedabad-III
12
Ahmedabad ST
11
Hyderabad-I
Hyderabad
17th Sep 2009
10
Hyderabad-II
9
Hyderabad-III
8
Hyderabad-IV
7
Delhi-IV (Faridabad)
Delhi
14th Sep 2009
6
Bhubaneswar-II
Bhubaneswar
27th Mar 2009
5
Belapur
Mumbai-II
23rd Mar 2009
4
Coimbatore
Coimbatore
13th Mar 2009
3
LTU Chennai
Chennai
12th Mar 2009
2
Chennai ST
1
LTU Bengaluru
Bangalore
05th Dec 2008

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