AOs should not accept ITR-Vs from taxpayer and requested to send ITR-Vs of A.Y. 10-11 & 11-12 to CIT (CPC), Bangalore

22nd December 2011 – Latest From Directorate of Systems

ALERTS:

• Last date of submission of ITR-V for A.Y 2010-11 has been extended up to 31/12/2011

• AOs are requested to immediately send ITR-Vs of A.Y. 10-11 & 11-12, if any, lying with them to CIT (CPC), Bangalore.

• AOs should not accept ITR-Vs from taxpayers.

A. Highlights:

The following functionalities have been operationalized in ITD applications:

PAN query functionality provided to CIB and Intelligence roles: CIB and Intelligence Wing users have been provided functionality in AIS module to query the details of a PAN like Name, Fathers Name, Residential and Official Address, Current Jurisdiction etc. These users can query the details of any PAN at the following Path in ITD application AIS – –>4 Query—- –>Exhaustive Assessee Query

Provided functionality to generate the Demand Notice/Intimation Sheet/Rectification order for the cases where demand is less than Rs. 100 in AST & DT01: In AST and DT01, Bulk Printing of  Demand Notice/Intimation Sheet/Rectification is not allowed for cases where demand is less than Rs. 100. But user is being given the functionality for generating the same for cases wherever desired by him by entering the PAN. User can print Demand Notice/Intimation Sheet/Rectification order for a PAN at the following path in ITD application     AST- –> Reports  –>Proceeding Output   –>Proceeding Report Form

Enabled the Functionality of 119(2) in Form ITS 1: The functionality for regularizing the date of filing of returns u/s 119(2) was released in AST vide Instruction Number 89, Dated 02-05-2011 for ITR 1-6 Forms and Form 2D, and the same has now also been enabled for earlier year returns, filed in form ITS 1.

Provided the facility of ‘Return view’ to Nodal Officer for functionality related to PAN transfers from Orphan Jurisdiction to Nodal officers: In AST, Return view has been provided to Nodal officer, for him to decide the destination where PAN will be transferred from Orphan Jurisdiction. This is related to the AIS functionality being developed and to be implemented shortly, where CIT(CO) and Nodal officers under him will transfer out PANs from Orphan Jurisdictions to the correct jurisdiction. (These actions are in relation to AST Instruction Number 97, Dated 28-09-2011)

While processing of TDS returns, in case of Non quoting/ Invalid quoting of PAN by the Deductor in TDS statement, the system will work out the deduction at higher tax rate as per Section 206AA: In case, the concerned Invalid/No PAN gets replaced by Valid PAN through Correction Statement at later stage, the new PAN will be uploaded in the System whereas the System will maintain the TDS deductible amount at the higher rate only and therefore, if any short deduction is there at the first stage due to quoting of Invalid/No PAN, the same default will continue.

Dossier Report changes made: Incorporated more information in Dossier Report on Intranet to include ‘Nature of Business’ and ‘Demand difficult to recover because of pending stay petition’. A functionality to extract the list of dossier cases in excel sheet has also been provided to the AOs and up to the level of CCIT.

A new Sevottam Centre has been opened at the office of ITO, Nakodar under CIT-II, Jalandhar on 12th December 2011.

EFS /AIR/ CIB/ OLTAS

Sector-wise top advance tax payers (for view of users in CBOT): A new report for generating list of top advance tax payers has been provided through the OLTAS dashboard. This report gives quarter-wise, category-wise, sector-wise, top 100, 500 or 1000_advance tax payers, with comparative figures for the previous year as well as the amount of such taxes being reflected in 26AS statements. The amounts can also be viewed either in actuals or in Crores.

Global access to ITS (Individual Transactions Statement) has been provided through EFS module of ITD applications to the following Users:

• Assessing Officers , in respect of cases that have been selected in CASS

• All CCsIT, CsIT, Range Officers in respect of PANs falling under their jurisdiction

• Asstt. Directors and above under the Directorate of Intelligence and Criminal Investigation and Investigation wings

ITS is an on-line, single window, updated repository of assessee-wise transactions {with PAN). The ITS view and scope has been enhanced to cover the following information:

i) High Value transactions for all AIR transaction codes where valid PAN is available, with information of Joint Transactions.

ii) Transactions collected and uploaded by C/B wing where valid PAN is available.

iii) TDS/TCS payments and deductions from 26AS, on the basis of Financial Year + PAN

iv) Tax payments on the basis of Financial Year + PAN

v) Information on Income Tax returns of an assessee, on the basis of Financial Year + PAN.

vi) All Bank Account Numbers provided in /1-13s across years by assessee, on the basis of Financial Year + PAN

vii) Scrutiny Information of assessee across different Assessment years, and reasons for selection, on the basis of Financial Year + PAN

viii) Information on interest paid u/s 244A on refund to an assessee in a financial year {Assessment Year-wise), on the basis of Financial Year + PAN

ix) Information of Directors /Members as provided in Income Tax returns by assessee, on the basis of Financial Year + PAN

x) Information on foreign travel of a person, uploaded by CIB, on the basis of Financial Year + PAN

xi) Information on no deduction or lower deduction of tax at source by Deductor, on the basis of Financial Year + PAN

xii) Information on remittance by Deductor u/s 195{6) of IT Act./ Rule 37B8 of IT Rules for offshore work, on the basis of Financial Year + PAN

xiii) Information on non-deductible amounts in computation of income from business or profession, on account of late payment of TDS/TCS by Deductor, on the basis of Financial Year + PAN

xiv) Information on TANs associated with corporate assessees and on defaults by one of the deductors or more, on the basis of Financial Year + PAN

• A new functionality has been provided through EFS module of ITD applications to DsIT (Intelligence) for online view and extraction of the AiRs filed by AIR filers.

• New reports have been provided in EFS for users under the Directorates of Intelligence & Criminal Investigation, for generating consolidated and RCC-wise figures of PAN updation in non-PAN AIR and CIB transactions