Directorate of Income Tax (Systems)
New Delhi
Dear Shri KUNDAPUR GOVARDHANA KINI
Subject : Tax credit available in Annual Tax Statement for the Assessment Year 2008-09 ( F.Y. 2007-08)
The Annual Tax Statement for Assessment Year 2008-09 (F.Y. 2007-08) is attached.
2. The statement is being sent to you to verify whether the credits as claimed by you in the Income Tax Returns, filed for the corresponding year, match with the tax credits available in the attached statement. As advised in earlier communications, the tax credit available as per this statement would be relied by the ITD while giving tax credit at the time of processing of your Income Tax Returns. Hence absence of credit will bind the officer to dis-allow excess credit. Since the processing for Assessment Year 2008-09 is being taken up by Department, you are advised to get the tax credit corrected at an early date to avoid dis-allowance.
3. The statement is being sent to you to enable you to take up the matter pertaining to any deficiency with the concerned deductor. In case of missing tax credit, you are advised to take up the matter with your deductors. In case there is a no discrepancy in the attached Annual Tax Statement you may ignore the mail.
4. As has been advised before, tax credits appearing in the Annual Tax Statement which are on the basis of the details given by the deductors in the TDS/ TCS statement filed by him. The same should be verified before claiming tax credit and only the amount which pertains to you should be claimed.
5. To open the statement, please enter the date of birth in case of individual tax payers and the date of incorporation for non-individual taxpayers as password in the format of DDMMYYYY. For example, if your date of birth / incorporation is January 21, 1985
6. The date of birth/ incorporation should be same as furnished to the Department and available in the Income Tax Department PAN master (as printed on the PAN card).
7. To open the file all you need is Abode Acrobat Reader version 5.0 or above. If you do not have Adobe Acrobat Reader, please click on this link www.adobe.com/products/acrobat/readstep2.html to download. Please note that you will not be able to open this file or view the file properly with any version lower than Adobe Acrobat Reader 5.0.
For queries on the issue you may contact TIN Call Centre at
Tel: 91-20-2721 8080
Fax: 91-20-2721 8081
Email: reply@nsdl.co.in
8. The tax statement is in the attached PDF file with your PAN as the file name.
9. This is a system generated mail. Please do not reply back to this email ID. Further communication on this matter could be sent on
10. From the current financial year onwards you can also view your tax credits by undertaking a onetime registration. Detailed procedure for registration is available at http://www.tin-nsdl.com/panregistration.asp Click here to register to view Form 26AS online.
For and on behalf of
The Income Tax Department
(This is a computer generated mail and calls for no signature )
Annual Tax Statement (Form 26AS)
Annual Tax Statement (Form 26AS) is a statement, which is created financial year wise on the basis of TDS/TCS returns filed by the Deductor/Collector and tax deposited in the bank.
Form 26AS includes details of:
a) All tax deducted at source (TDS) covered in Part A;
b) All tax collected at source (TCS) covered in Part B; and
c) All advance tax/self assessment tax/regular assessment tax etc., deposited in the bank by the taxpayers (PAN holders) covered in Part C.
Kindly note that in PART A/B (Details of Tax deducted/collected at source), the 'Status of Booking (P/F/U)' indicates the following:-
Provisional (P) -- Only for TDS/TCS affected by Government deductors. Provisional tax credit is effected on the basis of TDS/TCS returns filed only. On verification of the payment details by the Pay & Accounts officer (PAO), status will change to Final (F).
Unmatched (U) -- Deductors have not deposited the taxes or have furnished incorrect particulars of tax payment. Final credit will be reflected only when the payment details in the bank match with the details of deposit in the TDS/TCS return.
Final (F) -- In case of non-Government deductors, payment details of TDS/TCS deposited in bank by the deductor have matched with the payment details mentioned in the TDS/TCS return filed by the deductor.
In case of Government deductors, details of TDS/TCS booked in Government account have been verified by the Pay and Accounts Officer (PAO).
In PARTC, Details of Tax Paid (Other than TDS or TCS) related to Securities Transaction Tax and Banking Cash Transaction Tax are not displayed.
Form 26AS will help you to verify the credits for taxes deducted from the income received and the advance tax/ self assessment tax deposited by you at the bank.
Possible reasons for mismatch/missing entry in Part A/B (Details of TDS or TCS) are as follow:-
· Deductor/collector has not filed quarterly TDS/TCS return.
· Deductor /collector has not quoted or has wrongly quoted your PAN in the TDS/TCS return.
· You have not provided PAN or have provided wrong PAN to the deductor/collector
· The TDS/TCS return filed by the deductor/collector is rejected in the system.
In case of entries with Status of Booking "U" (Unmatched)
· Deductor has wrongly quoted the challan details in the return against which your TDS/TCS was deposited.
· Deductor has provided correct challan details in TDS/TCS return but bank has made error while digitising challan details.
Possible reasons for mismatch/missing entry in 'Part C' Details of tax paid (other than TDS or TCS) are as follow:-
The Bank
· has digitized incorrect PAN in Challan.
· has not uploaded the digitized challan.
· has made error in digitising amount/major head while digitizing the Challan data
· has made error in digitising CIN details in the Challan data
You
· have mentioned wrong A.Y. in the challan which will result in updation of Form 26AS for wrong A.Y.
· have quoted incorrect PAN in the tax payment challan
CIN consists of the BSR code of the bank branch where you deposited the tax, date on which you deposited tax and the challan serial number which have been stamped on the counter foil of the challan given to you.
Note :-
You can verify following at TIN web-site (www.tin-nsdl.com)
- Status of the Challan through which tax deposited by you in the bank by clicking on link 'Challan Status Enquiry'.
- The Status of return uploaded by deductor/collector by clicking on link "Quarterly Statement Status".
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