What are the different statuses of a challan in the TDS/TCS statement?
The following are the various statuses of challans in a TDS/TCS statement:
Booked: Challan / transfer voucher detail in the statement matches with corresponding details received from banks / PAO.
Match Pending: Corresponding challan details not received from the bank.
Match Failed (Challan): TAN and/or amount relating to a challan in the statement do not match with the corresponding details received from banks.
Match Failed (Transfer Voucher): Amount relating to a transfer voucher does not match with corresponding details received from PAO.
Provisionally Booked: In case of Government deductors where TDS/TCS statement is received by TIN and mode of payment of TDS/TCS is through book entry (transfer voucher) and e-TBAF details from PAO is not received by TIN.
What is the significance if the status of challan is ‘Booked’?
If the challan is in Booked status, credit of tax deducted will be reflected in the annual tax statement (Form 26AS) of all the underlying deductees with a valid PAN.
Correction in challan details is not allowed once a challan is booked. Correction can be made on underlying deductee records of a booked challan.
What should I do if the status of challan is Match pending?
A challan is in Match pending status as the CIN is not present in the payment information provided by the Bank. As a result the credit of tax deducted will not be reflected in the Form 26AS of corresponding deductees with valid PAN.
The possible cause could be due to error in quoting CIN details (Challan serial no., BSR code and challan tender date) either in the TDS statement or in the details provided by the Bank. Error in TDS statement can be rectified by filing a correction statement, where as error. What should I do if the status of challan is in status ‘Match failed’?
A challan is in Match failed status as the TAN/challan amount in the statement does not match the details provided by the Bank. As a result the credit of tax deducted will not be reflected in Form 26AS of corresponding deductees with valid PAN.
The possible cause could be error in quoting challan amount. The same can be rectified by filing a correction statement.
Friday, 1 October 2010
Correction in ETDS statement at multiple times FAQs (Freequently Asked Questions)
How many times can I furnish a correction TDS/TCS statement?
A correction TDS/TCS statement can be furnished multiple times to incorporate changes in the regular TDS/TCS statement whereas a regular TDS/TCS statement will be accepted at the TIN central system only once. What are the important points to be kept in mind while preparing correction statement more than once on the same regular statement?
You have to kept in mind, the following points while preparing correction statement more than once on the same regular statement:
The TDS/TCS statement on which correction is to be prepared should be updated with details as per all previous corrections.
Modifications/addition/deletion in correction statements accepted at the TIN central system only should be considered. The first correction filed by me contains three types of correction (three PRNs) and one of the types of correction has got rejected at the TIN central system. What should I do?
The steps as under should be followed:
You have to update modifications as per the accepted corrections in the TDS statement.
Identify the record for which correction was rejected earlier by its sequence no. and fields for identification
Correct the said record.
Correction statement should contain updated values as well as value of identification field as per regular statement. Which provisional receipt number should I quote while preparing correction statement more than once on the same regular statement?
There are two fields for Provisional receipt number (PRN) in a correction statement as under: a. Original Provisional receipt number – PRN of the regular statement should be mentioned in this field.b. Previous Provisional receipt number – PRN of the last accepted correction statement should be mentioned in this field. In case the value in this field is incorrectly mentioned, the statement will get rejected at TIN central system for the reason: “Either Previous Provisional Receipt No. provided is incorrect or combination of Original Provisional Receipt No. and Previous Provisional Receipt No. is not in sequence”ExampleSingle batch correction statement – Only one type of correction in the filea. You have filed a regular statement having PRN 010010200083255 and subsequently filed a single batch correction statement having PRN 010010300074112. While preparing correction statement, you have to mention PRN 010010200083255 in the field original PRN and the PRN 010010300074112 in the field Previous PRN.Multiple batch correction statement – different types of correction in a single fileb. You have filed a regular statement having PRN 010010200083255 and subsequently filed a multi batch correction statement having three batches and corresponding PRNs as 010010300074112, 010010300074123 and 010010300074134. While preparing the correction statement, you have you have to mention PRN 010010200083255 in the field original PRN and check the status of all the three PRNs of correction statement
If all the three PRNs are accepted at the TIN central system, you may mention any of the three PRNs in the field previous PRN
If any of the three PRNs is rejected, then you should mention the PRN which has been accepted at the TIN central system in the field Previous PRN
If all the three PRNs are rejected, then you must mention the PRN of the regular statement, i.e. 010010200083255 in the field Previous PRN. How many times can I update PAN of a deductee/transacting party?
Structurally valid PAN of a deductee in the regular statement can be updated to another structurally valid PAN only once. When does a statement get ‘Partially Accepted’?
A correction statement containing updates in PAN of deductee/employee may get Partially Accepted. This is possible when the PAN in the any of the records being updated by you in the correction statement is invalid, i.e. PAN not present in PAN Master Database. In such a scenario, the said record gets rejected resulting in partial acceptance of the statement. What should I do if the status of correction statement filed by me is ‘Partially accepted’?
In case correction statement is in status ‘Partially accepted’, you have follow steps as under:
You have to update modifications as per the accepted records in the TDS statement.
Identify the deductee/salary record which has got rejected due to invalid PAN.
Rectify the incorrect PAN
Correction statement should contain value of identification keys as per regular statement along with the updated values. What could be the cause of rejection of TDS/TCS statement for the reason “Total Deposit amount of deductees is more than Challan amount actually deposited in bank”?The total tax deposited amount as per challan should be greater than or equal to the total tax deposited amount as per deductee details, else a regular TDS/TCS statement will not get validated through FVU. If you file a correction statement for adding deductee records under a particular challan, the total tax deposited as per challan in regular statement should be greater than or equal to the total tax deposited in deductee details as per regular as well as correction statement. Note: Amount in the fields Interest and others in the challan is not considered in the total tax deposited as per challan.
A correction TDS/TCS statement can be furnished multiple times to incorporate changes in the regular TDS/TCS statement whereas a regular TDS/TCS statement will be accepted at the TIN central system only once. What are the important points to be kept in mind while preparing correction statement more than once on the same regular statement?
You have to kept in mind, the following points while preparing correction statement more than once on the same regular statement:
The TDS/TCS statement on which correction is to be prepared should be updated with details as per all previous corrections.
Modifications/addition/deletion in correction statements accepted at the TIN central system only should be considered. The first correction filed by me contains three types of correction (three PRNs) and one of the types of correction has got rejected at the TIN central system. What should I do?
The steps as under should be followed:
You have to update modifications as per the accepted corrections in the TDS statement.
Identify the record for which correction was rejected earlier by its sequence no. and fields for identification
Correct the said record.
Correction statement should contain updated values as well as value of identification field as per regular statement. Which provisional receipt number should I quote while preparing correction statement more than once on the same regular statement?
There are two fields for Provisional receipt number (PRN) in a correction statement as under: a. Original Provisional receipt number – PRN of the regular statement should be mentioned in this field.b. Previous Provisional receipt number – PRN of the last accepted correction statement should be mentioned in this field. In case the value in this field is incorrectly mentioned, the statement will get rejected at TIN central system for the reason: “Either Previous Provisional Receipt No. provided is incorrect or combination of Original Provisional Receipt No. and Previous Provisional Receipt No. is not in sequence”ExampleSingle batch correction statement – Only one type of correction in the filea. You have filed a regular statement having PRN 010010200083255 and subsequently filed a single batch correction statement having PRN 010010300074112. While preparing correction statement, you have to mention PRN 010010200083255 in the field original PRN and the PRN 010010300074112 in the field Previous PRN.Multiple batch correction statement – different types of correction in a single fileb. You have filed a regular statement having PRN 010010200083255 and subsequently filed a multi batch correction statement having three batches and corresponding PRNs as 010010300074112, 010010300074123 and 010010300074134. While preparing the correction statement, you have you have to mention PRN 010010200083255 in the field original PRN and check the status of all the three PRNs of correction statement
If all the three PRNs are accepted at the TIN central system, you may mention any of the three PRNs in the field previous PRN
If any of the three PRNs is rejected, then you should mention the PRN which has been accepted at the TIN central system in the field Previous PRN
If all the three PRNs are rejected, then you must mention the PRN of the regular statement, i.e. 010010200083255 in the field Previous PRN. How many times can I update PAN of a deductee/transacting party?
Structurally valid PAN of a deductee in the regular statement can be updated to another structurally valid PAN only once. When does a statement get ‘Partially Accepted’?
A correction statement containing updates in PAN of deductee/employee may get Partially Accepted. This is possible when the PAN in the any of the records being updated by you in the correction statement is invalid, i.e. PAN not present in PAN Master Database. In such a scenario, the said record gets rejected resulting in partial acceptance of the statement. What should I do if the status of correction statement filed by me is ‘Partially accepted’?
In case correction statement is in status ‘Partially accepted’, you have follow steps as under:
You have to update modifications as per the accepted records in the TDS statement.
Identify the deductee/salary record which has got rejected due to invalid PAN.
Rectify the incorrect PAN
Correction statement should contain value of identification keys as per regular statement along with the updated values. What could be the cause of rejection of TDS/TCS statement for the reason “Total Deposit amount of deductees is more than Challan amount actually deposited in bank”?The total tax deposited amount as per challan should be greater than or equal to the total tax deposited amount as per deductee details, else a regular TDS/TCS statement will not get validated through FVU. If you file a correction statement for adding deductee records under a particular challan, the total tax deposited as per challan in regular statement should be greater than or equal to the total tax deposited in deductee details as per regular as well as correction statement. Note: Amount in the fields Interest and others in the challan is not considered in the total tax deposited as per challan.
Unique Identification Numbers Bill
The Cabinet today approved the proposal for introducing the National Identification Authority of India Bill, 2010 in Parliament.
The Bill proposes to constitute a statutory authority to be called the National Identification Authority of India and lay down the powers and functions of the Authority, the framework for issuing UID numbers (aadhaar numbers), major penalties and other related matters through an Act of Parliament.
This will involve an expenditure of ` 3023.01 crore which includes project components for issue of UID numbers (called aadhaar numbers) by March 2011, and recurring establishment costs for the entire project phase of five years ending March 2014.
The UID project is primarily aimed at ensuing inclusive growth by providing a form of identity to those who do not have any identity. It seeks to provide aadhaar numbers to the marginalised sections of society and thus would strengthen equity. Apart from providing identity, the aadhaar number will enable better delivery of services and effective governance.
The Bill seeks to establish the National Identification Authority of India for the purpose of issuing aadhaar numbers to individuals residing in India and to certain other classes of individuals, the manner of authentication of such individuals and other related and incidental
The Bill seeks to establish the National Identification Authority of India for the purpose of issuing aadhaar numbers to individuals residing in India and to certain other classes of individuals, the manner of authentication of such individuals and other related and incidental
matters.
What is UID(unique Identity Numbers)?
Nandan Nilekani, who heads the National Authority for Unique Identity of India aims at provide unique number to all Indians but not smart cards.
Nandan Nilekani said the unique ID number will not substitute other existing numbers a person may have which includes PAN, passport number, ration number. Rather, it will be an additional, unique number to be cited along with existing numbers for different purposes.
This ID cards will help to weed out duplicate cards that are widespread today (notably in BPL ration cards), and, may be, benami bank accounts and property deeds.
Nilekani team will make available a unique ID database to all ministries and other partners, who can then integrate their databases (covering passports, ration cards, job cards, PAN cards) with the unique ID database.
Participation in credit cards is entirely voluntary. This will also be the case with the unique ID scheme. Citizens will not be obliged to get a number. But those that don’t will find it very inconvenient, they will not have access to facilities that require you to cite your ID number.
Notification Income tax Due date extended to 15.10.2010
F.No. 225/72/2010-ITA.IIGovernment of IndiaMinistry of
FinanceDepartment of RevenueCentral Board of Direct Taxes
Dated : September 27, 2010
Order under Section 119 of the Income Tax Act, 1961
On consideration of the reports of disturbance of general life caused due to floods and heavy rains, the Central Board of Direct Taxes, in exercise of powers conferred under section 119 of the Income Tax Act, 1961, hereby extends the due date of filing of returns of income for the Assessment Year 2010-11 from 30.09.2010 to 15th October 2010. Accordingly the due date for Tax Audit report u/s. 44AB of the Income Tax Act is also extended to 15th October, 2010.
(Ajay Goyal)Director (ITA. II)
PROBLEM IN REGISTRATION OF DIGITAL SIGNATURE IN e-FILING
Income Tax Department issued few Clarification and suggestion regarding filling of Income tax Return by Corporate tax payers and other assessees with digital Signature.
It is observed that Corporate users are registering the DSC and immediately trying to upload the I-T Return. This will throw up an Error like "Your DSC is not registered". Therefore, it is requested that whenever the new DSC is being registered or DSC is being updated, the user should first log out and then login again for the registration or updation to take effect, and then only upload the I-T return.
Requirement of encrypted PAN on DSC for non-resident signatories of foreign companies has been relaxed. The signatory may register with a non-PAN based DSC from the CCA, India and use the same DSC while uploading the return. This facility is available ONLY for all foreign companies under the jurisdiction of respective International Taxation wards or circles of the Income Tax Department. Foreign companies still facing any difficulty may send a email to efiling@incometaxindia.gov.in or efiling.administrator@incometaxindia.gov.in giving their name, PAN and jurisdiction.
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