From which financial year will the Annual Statement under Sec. 203AA (Form No. 26AS) be issued?
The annual statement (Form No. 26AS) will be issued for all tax deducted and tax collected at source from FY 2005-06 onwards after the expiry of the financial year.
The PAN-wise ledger account will be created after matching the information in the TDS/TCS statements filed by the deductor/collector and the details of tax deposited in banks coming through On Line Tax Account System (OLTAS).
The accuracy of PAN-wise ledger account will depend on:
Yes. The scheme for such views is expected to be notified by ITD soon.
Yes e-TDS/TCS return can be filed online under digital signature.
What are the different views available for Tax Payers?
On the NSDL-TIN website, three types of views are available for a tax payer:
a) Access without authentication.
b) Access with Digital Signature Certificate (DSC).
c) Access through TIN-FC.
What is access without authentication?
On providing the TAN and provisional receipt number / Token Number, the deductor can view the following details:
What is access with authentication?
To access this view, the tax payer should have a Digital Signature Certificate (DSC) which has to be registered with NSDL in advance. (Details of the same are available at Online Uploads section of the NSDL-TIN website.) The tax payer has to authenticate its identity using the DSC. All the views mentioned above will be available with financial details.
What is access through TIN-FC?
Deductors can access details of their statements through the TIN-FC who has uploaded their statements.
Will the Paper TDS data be available online on TIN?
Yes, the Paper TDS data will also be available in TIN database after the digitalization of the Paper TDS return by the e-intermediary.
Provisional Receipt Number is now referred as Token Number with effect from FY. 2010-11 onwards.
Will the TIN-FC give any acknowledgment/receipt after acceptance of e-TDS/TCS return?
If the e-TDS/TCS return file is complete in all aspects, TIN-FC will issue a provisional receipt to you. The provisional receipt issued by TIN-FC is deemed to be the proof of e-TDS/TCS return filed by you.
What if my e-TDS/TCS return is not accepted by TIN-FC, how will I know the reason for rejection?
In case of non-acceptance of your e-TDS/TCS return file, TIN-FC will issue a Non-Acceptance Memo which will state reason for rejection.