FEEDBACK FORM

CONTENTS
Sl No 01 02 03 04 05 06 Particulars Message from the Team About Lucknow Chartered Accountants Club Finance Ministers of India from 1947 to 2011 Highlights-Service Tax Highlights- Income Tax Section wise Major Changes Other Useful Information: Exemption from Return Filing to Employees ITD CPC Bangalore Processing/Tracking ITR-V Receipt status at CPC Bangalore Refund Failure Status Password Reset and Link Activation 49 49 50 50 50 56 48 Page 4 5 6 7 15 20

From: Name: Address: Occupation: Contact No.: Email: Feedback:

07 07.01 07.02

Kindly send/ email your feed back to: Lucknow Chartered Accountants Club 15 Chandganj Garden Lucknow-226024 email: lc_ac@yahoo.com

Processing Status of e-Returns Mismatch in TDS Filing of ITR-V Acknowledgement 07.03 Tax Information Network (TIN) Facilities Online Form 16A Issue of Digital TDS Cretificate Track Status of TDS Track Status of Refund 07.04 Rectifications: Rectification of Challans Rectification of Mistakes 07.05 Maintenance of Books of Account-Provisions

We thank you for the feed back. Your valuable opinion is our inspiration.

58 66 69 77

81 84 86

120

07.06 07.07 07.08 07.09 07.10 07.11 07.12 07.13 07.14 07.15 07.16 07.17 07.18 07.19 07.20 07.21 07.22 07.23 07.24 07.25 07.26 07.27 07.28

NSC Interest Table Cost Inflation Index Prime Depreciation Rates Income Tax Rates TDS Rates Chart Jurisdiction Area of Income Tax Officers Income Limit for Case Assignment to AOs Directory of Income Tax Officers PAN Application Documents required Codes for Residences and Status Various Income Tax Challans Stamp Act Table (U.P.) New Income Tax Return Forms Codes used in e-ITRs Due Date Calendar PIN Codes for Lucknow A.O. Codes for Lucknow Distance Calculator of CIRC Branches Prevailing Interest Rates on Fixed Deposits EMI Calculator Chart Useful Web Links Income Tax Rates/Slabs Since FY 1985-86 Feedback Form

87 88 89 89 90 94 95 96 98 100 101 101 102 103 105 106 109 111 113 114 116 117 120

119

118

MESSAGE FROM THE TEAM Tax Rates /Slabs Structure Changes

Dated: 17 March, 2012
th

Year

Exemption Limit (Rs.) 1500 2000 3000 5000 6000 8000 18000 22000 40000 40000 50000 50000 50000 50000 50000 50000

No of Rates 4 5 7 11 8 8 4 4 3 3 3 3 3 3 3 3

Dear Friends, We are happy to introduce the Budget Publication: 2012-13 of Lucknow Chartered Accountants Club (LCAC). This is the fifth successive publication of its kind by the Club. The previous Booklets plus Ready Recokner have received a great response and appreciation from all of you and for this current publication also we have received hundreds of requisitions. We feel highly motivated and thankful to all of you for this. In last years we did witness crises and gloom worldwide. GDP coming down by 1.5%. Amongst five objectives of finance minister listed for focus, sectors of agriculture, energy and transport, particularly in coal, power, national highways, railways and civil aviation and problem of Black money are those which have a clear bearing on Direct Tax Proposals. GAAR, various provisions to tackles unaccounted money, Negative List approach in Service Tax can be identified with these objectives. Lessons learnt in Vodafone case can be seen in terms of many retrospective changes. In the words of the finance Minister, the compass has already been set on DTC and GST. With every change, like in past, this publication, attempts to make it available at a flip or click what we require in an orderly manner in our day to day practice, to solve your ready referencing needs and which is compact also. To Have an edge and stay sharp this is what it aims at. The huge encouragement and words of appreciation of yours have reinforced our faith that we have been able to achieve this objective. If you have any query or would like a machine-readable copy of this booklet, either call us, or you may write to this office at: Lucknow Chartered Accountants Club 15 Chandganj Garden Lucknow-226024 Tel# 9415464475, 9839874068 email: lc_ac@yahoo.com 1949-50 1955-56 1960-61 1970-74 1974-75 1980-81 1985-86 1990-92 1995-96 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04

Entry Rate (%) 4.69 4.93 3.15 11 13.20 15 25 20 20 10 10 10 10 10 10 10

Peak Rate (%) 25 26.25 26.25 93.50 77 66 50 56 40 30 30 33 35.10 30.60 31.50 30

Peak Rate income 15000 15000 20000 200000 70000 100000 100000 100000 120000 150000 150000 150000 150000 150000 150000 150000

Source: Rate Report of the Task Force July 2004, Ministry of Finance, Govt of India, Budgets EXCERPT FROM THE SPEECH OF SHRI Y.B.CHAVAN MINISTER OF FINANCE INTRODUCING THE BUDGET FOR THE YEAR 1974-75 the Direct Taxes Enquiry Committee has made a number of recommendations in regard to direct taxes The Committee has expressed the view that prevalence of high rates is the first and foremost reason for tax evasion, because this is what makes the evasion, in spite of attendant risks, profitable and attractive. the maximum marginal rate of income-tax, including surcharge, should be brought down from its present level of 97.75 per cent to 75 per cent. Simultaneously, there should be a reduction in tax rates at the middle and lower levels. EXCERPT FROM THE SPEECH OF SHRI V. PRATAP SINGH MINISTER OF FINANCE INTRODUCING THE BUDGET FOR THE YEAR 1985-86 Our approach to the reform of the personal income-tax is as follows. First, the rates of personal income-tax should be recast and rationalised with a view to making the structure simple and reasonable.. Second, the exemption limit should be so fixed as to eliminate a large number of small assessments and to provide relief to low and middle income groups. Third, the tax structure should be stable. Fourth, the emphasis in tax assessments should shift from routine examination of a very large number of returns to a thorough scrutiny of a sample of cases. Fifth, the penalties are swift and severe. Sixth, a tax, however laudable in intent, should have no place in the statute book if it has outlived its utility.

Thank you all for your continued appreciation and support. Team Lucknow Chartered Accountants Club

117

USEFUL LINKS:
1. 2. 3. 4. 5. 6. 7. 8. 7. 8. 9. Income Tax Web Portal http://www.incometaxindia.gov.in/ Income Tax e-filing Portal http://www.incometaxindiaefiling.gov.in Know Your PAN http://incometaxindiaefiling.gov.in/knowpan/knowpan.jsp View your Tax Credit https://onlineservices.tin.nsdl.com/TIN/JSP/security/PanLogin.jsp TDS Challan Status Query https://tin.tin.nsdl.com/oltas/servlet/QueryTaxpayer Check Your Income Tax Refund Status https://tin.tin.nsdl.com/oltas/refundstatuslogin.html Service Tax Web Portal http://www.servicetax.gov.in/ Service Tax e-filing Portal http://sermon.nic.in/sermon/sr1.html BSR Codes of Banks http://www.tin-nsdl.com/OLTASListOfBSR.asp e-TDS Downloads http://www.tin-nsdl.com/eTDSOverview.asp Status of PAN/TAN Application For NSDL: https://tin.tin.nsdl.com/tan/StatusTrack.html For UTI : http://myutitsl.co.in/intra/web/pantrack.jsp PIN Code Search http://www.indiapost.gov.in/pin/pinsearch.aspx Forex Exchange Rates/ Currency Convertor http://www.rbi.org.in/scripts/ReferenceRateArchive.aspx Current updates on Finance/Taxation/Accounting http://finance.groups.yahoo.com/group/Lucknowca_reinvented Comptroller & Auditor General of India (CAG) http://cag.nic.in/ Securities and Exchange Board of India http://www.sebi.gov.in Reserve Bank of India http://www.rbi.org.in/home.aspx Institutes of Chartered Accountants of India http://www.icai.org Ministry of Companies Affairs http://www.mca.gov.in/ ----ABOUT LUCKNOW CHARTERED ACCOUNTANTS CLUB

Lucknow Chartered Accountants Club has been embarked on January 2008 with the objective of promoting the development of knowledge, skills capabilities of the members and public in general and to promote literary, scientific, cultural and social and sporting improvement among members. In this short period LCAC has aimed at augmenting its resources and strength, developing and establishing a good relations among members and organizing small study meetings and get-togethers among its members. LCAC is also operating a Recreational Club (RC) at Kapoorthala, Aliganj

We are pleased to introduce to you the proud team of Office Bearers of LCAC as under: Sl No 01 02 03 04 05 06 07 08 Name CA Ashutosh Lohani CA Ravi Agarwal CA Saurabh Pratap Singh CA Mahaveer Agarwal CA Tushar Nagar CA Praveen Kumar Santoshi CA Rupak Agarwal CA Raveesh Chaudhary R C Incharge Contact 9415464475 9415542942 9839874068 9415520995 9839021599 9236187958 9839125100 8127886555

10. 11. 12. 13. 14. 15. 16. 17.

116

FINANCE MINISTERS OF INDIA

Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

8.50%

9.50%

10.50 %

11.50 %

12.50 %

13.50 %

14.50 %

15.50 %

16.50 %

Pranab Mukherjee ( 1982-1985, Feb 2009-May 2009, May 2009Continuing)

Manmohan Singh (1991-1997, Dec 2008-Jan 2009)

P. Chidambaram (1996-1997, May 2004-Nov 2009)

Jaswant Singh (2003-2005)

Yashwant Sinha (1998-2003, 1991-1992)

8722 4546 3157 2465 2052 1778 1584 1440 1328 1240 1169 1111 1062 1020 985

8769 4592 3204 2513 2101 1828 1635 1492 1381 1294 1224 1167 1119 1079 1045

8815 4638 3251 2561 2150 1878 1687 1545 1436 1350 1281 1225 1178 1139 1106

8862 4685 3298 2609 2200 1930 1739 1598 1491 1406 1339 1284 1238 1201 1169

8909 4731 3346 2658 2250 1982 1793 1653 1547 1464 1398 1344 1300 1264 1233

8956 4778 3394 2708 2301 2034 1847 1709 1605 1523 1458 1406 1363 1328 1299

9003 4825 3443 2758 2353 2088 1902 1766 1663 1583 1520 1469 1428 1394 1366

9050 4873 3492 2809 2406 2142 1958 1824 1723 1645 1583 1534 1494 1461 1434

9097 4921 3541 2860 2459 2197 2015 1883 1783 1707 1647 1599 1561 1530 1504

Madhu Dandavate (1990-1991)

S.B. Chavan (1989-1990)

N. D. Tiwari (1988-1989)

Rajiv Gandhi (1987-1988)

V. P. Singh (1985-1987)

Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

8.75%

9.75%

10.75 %

11.75 %

12.75 %

13.75 %

14.75 %

15.75 %

16.75 %

Ramaswamy Venkataraman (1980-1982)

Choudhary Charan Singh (1979-1980)

H. M. Patel (1977-1979)

C. Subramaniam (1975-1977)

Yashwantrao Chavan (1971-1975)

Indira Gandhi (1970-1971)

Morarji Desai (1967-1970, 1959-1964 )

Sachindra Chaudhuri (1965-1967)

T. T. Krishnamachari (1964-1965, 1957-1958 )

Jawaharlal Nehru (1958-1959)

8734 4558 3169 2477 2064 1791 1597 1453 1342 1254 1183 1124 1076 1035 1000

8780 4603 3215 2525 2113 1841 1648 1505 1395 1308 1238 1181 1134 1094 1060

8827 4650 3263 2573 2162 1891 1700 1558 1449 1364 1295 1239 1193 1154 1121

8874 4696 3310 2622 2212 1943 1752 1612 1505 1421 1354 1299 1254 1216 1185

8921 4743 3358 2671 2263 1995 1806 1667 1562 1479 1413 1360 1316 1280 1249

8967 4790 3406 2721 2314 2048 1861 1723 1619 1538 1474 1422 1380 1345 1315

9015 4837 3455 2771 2366 2101 1916 1781 1678 1599 1536 1485 1444 1411 1383

9062 4885 3504 2822 2419 2156 1972 1839 1738 1660 1599 1550 1510 1478 1452

9109 4933 3553 2873 2472 2211 2030 1898 1799 1723 1663 1616 1578 1547 1522

Chintamanrao Deshmukh (1951-1957)

John Mathai (1949-1951)

R. K. Shanmukham Chetty (1947-1949)

OPENING LINES OF INDEPENDENT INDIAS FIST BUDGET SPEECH I rise to present the first Budget of a free and independent India. This occasion may well be considered an historic one and I count it a rare privilege that it has fallen to me to be the Finance Minister to present this Budget. While I am conscious of the honour that is implied in this position, I am even more conscious of the responsibilities that face the custodian of the finances of India at this critical juncture.
6 115

EMI CHARTS MONTHLY REDUCING FOR A LOAN OF RS. 100000/-

HIGHLIGHTS SERVICE TAX

Years 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

8% 8699 4523 3134 2442 2028 1754 1559 1414 1302 1214 1142 1083 1034 992 956

9% 8746 4569 3180 2489 2076 1803 1609 1466 1355 1267 1197 1139 1090 1049 1015

10% 8792 4615 3227 2537 2125 1853 1661 1518 1408 1322 1252 1196 1148 1109 1075

11% 8839 4661 3274 2585 2175 1904 1713 1571 1463 1378 1310 1254 1208 1170 1137

12% 8885 4708 3322 2634 2225 1956 1766 1626 1519 1435 1368 1314 1269 1232 1201

13% 8932 4755 3370 2683 2276 2008 1820 1681 1576 1494 1428 1375 1332 1296 1266

14% 8979 4802 3418 2733 2327 2061 1875 1738 1634 1553 1489 1438 1396 1361 1332

15% 9026 4849 3467 2784 2379 2115 1930 1795 1693 1614 1551 1501 1461 1428 1400

16% 9074 4897 3516 2835 2432 2170 1987 1853 1753 1676 1615 1566 1527 1495 1469

1. Rate of Service Tax The rate of service tax is being increased from existing 10% to 12%. 2. Negative List Approach Chapter V of the Finance Act, 1994, relating to service tax, with a view to replace the existing system of taxation of services based on specified description of services with a new system of taxation of all services other than the services specified in the negative list New sections, namely, 65B, 66B, 66C, 66D, 66E and 66F proposed in Chapter V of the Finance Act, 1994. Proposed section 66D seeks to specify the following list of services as the negative list: Services (a) Services by Government or a local authority excluding the following services to the extent they are not covered elsewhere, (i) services by the Department of Posts by way of speed post, express parcel post, life insurance and agency services provided to a person other than Government (ii) services in relation to an aircraft or a vessel, inside or outside the precincts of a port or an airport (iii) transport of goods or passengers (iv) support services, other than services covered under clauses (i) to (iii) above, to business entities. (b) Services by the Reserve Bank of India (c) Services by a foreign diplomatic mission located in India (d) Services relating to agriculture by way of (i) agricultural operations directly related to production of any agricultural produce including cultivation, harvesting,threshing, plant protection or seed testing; (ii) supply of farm labour; (iii) processes carried out at an agricultural farm including tending, pruning, cutting, harvesting, drying, cleaning, trimming, sun drying, fumigating, curing, sorting, grading, cooling or bulk packaging and such like operations which do not alter essential characteristics of agricultural produce but make it only marketable for the primary market;

Year 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15

8.25%

9.25%

10.25 %

11.25 %

12.25 %

13.25 %

14.25 %

15.25 %

16.25 %

8711 4535 3146 2454 2040 1766 1572 1427 1315 1227 1156 1097 1048 1006 971

8757 4580 3192 2501 2088 1815 1622 1479 1368 1281 1210 1153 1105 1064 1030

8804 4627 3239 2549 2138 1866 1674 1531 1422 1336 1267 1210 1163 1124 1090

8850 4673 3286 2597 2187 1917 1726 1585 1477 1392 1324 1269 1223 1185 1153

8897 4720 3334 2646 2238 1969 1779 1640 1533 1450 1383 1329 1285 1248 1217

8944 4766 3382 2696 2289 2021 1833 1695 1590 1508 1443 1391 1348 1312 1282

8991 4814 3430 2746 2340 2074 1888 1752 1649 1568 1505 1453 1412 1378 1349

9038 4861 3479 2796 2393 2129 1944 1810 1708 1629 1567 1518 1477 1444 1417

9085 4909 3529 2847 2446 2183 2001 1868 1768 1691 1631 1583 1544 1512 1487

114

(e) (f) (g) (h) (i) (j) (k) (l)

(m) (n)

(o)

(P)

(iv) renting or leasing of agro machinery or vacant land with or without a structure incidental to its use; (v) loading, unloading, packing, storage or warehousing of agricultural produce; (vi) agricultural extension services; (vii) services by any Agricultural Produce Marketing Committee or Board or services provided by a commission agent for sale or purchase of agricultural produce Trading of goods Any process amounting to manufacture or production of goods Selling of space or time slots for advertisements other than advertisements broadcast by radio or television Service by way of access to a road or a bridge on payment of toll charges Betting, gambling or lottery Admission to entertainment events or access to amusement facilities Transmission or distribution of electricity by an electricity transmission or distribution utility Services by way of (i) pre-school education and education up to higher secondary school or equivalent; (ii) education as a part of a curriculum for obtaining aqualification recognised by law; (iii) education as a part of an approved vocational education course Services by way of renting of residential dwelling for use as residence Services by way of: (i) extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount; (ii) inter se sale or purchase of foreign currency amongst banks or authorised dealers of foreign exchange to deal in foreign exchange or foreign securities or amongst banks and such dealers; Service of transportation of passengers, with or without accompanied belongings, by (i) a stage carriage; (ii) railways in a class other than (A) first class; or (B) an air-conditioned coach; (iii) metro, monorail or tramway; (iv) inland waterways; (v) public transport, other than predominantly for tourism purpose, in a vessel of less than fifteen tonne net; and (vi) metered cabs, radio taxis or auto rickshaws; Services by way of transportation of goods
8

Current Interest Rates on Term Deposits of Banks

The best interest rates for FDRs up to 2 Years & below 1 crore: Bank Allahabad Bank Bank of Baroda Punjab National Bank Canara Bank Vijaya Bank Bank of India State Bank of India Indian Overseas Bank Syndicate Bank Central Bank of India United Bank of India Andhra Bank Corporation Bank Dena Bank IDBI Bank Indian Bank Oriental Bank of Comm. Punjab & Sind Bank State Bank of Bikaner & Jaipur State Bank of Hyderabad State Bank of Travancore State Bank of Mysore State Bank of Patiala UCO Bank Union Bank of India
^ up to 31.03.2012;

w.e.f. 14.09.2011 14.09.2011 01.08.2011 29.12.2011 07.06.2011 27.06.2011 13.08.2011 12.12.2011 09.01.2012 20.02.2012 30.08.2011 01.11.2011 07.02.2012 19.12.2011 01.08.2011 23.09.2011 28.11.2011 24.08.2011 23.12.2011 12.07.2011 03.05.2011 19.12.2011 19.12.2011 10.02.2012 21.01.2012

Term D= Days, Y=Year, M=Months 1 Y : 2 Y < 444 D 555 D 555 D 1Y : 2Y< 555 D 1Y : 2Y< 1Y : 2Y< 1Y : 2Y< 555 D 1Y : 2Y< 1Y : 3Y< 12 M 1 Year 1Y: 499 D 1Y : 3Y< 1Y : 2Y< 500 D 1Y : 3Y< 1Y : 2Y< 1Y : 2Y< 1Y : 2Y< 555 D 1Y : 2Y 1Y : 5Ys<

Interest Rate % 9.50 9.35 9.30 9.25 9.25 9.25 9.25 9.50 9.35 9..55^ 9.25 9.40 9.65 9.60 9.50 9.50 9.75 9.75 9.50 9.25 9.50 9.50 9.75 9.50 9.25

Private Sector Banks: Axis Bank HDFC bank ICICI Bank Indusind Bank ING Vysya Bank The South Indian Bank Yes Bank The Federal Bank City Union Bank

As on date As on date As on date As on date As on date As on date As on date As on date As on date

18 M : 2Y< >2Y : 5Y< 390 D: 5Y< 400 Days 366 D : 500 D 300D 15M15D : 16M 1Year 1 Y : 3Y <

9.25 9.25 9.25 9.50 9.50 10.00 9.60 9.75 9.00%

Note: The above rates are excluding rates for senior citizens (60 Years or more) which are generally higher by 0.25% to 0.50% 113

Branch

Jaipur Jamshedpur Jodhpur Kanpur Kota Mathura Meerut Moradabad Muzaffarnagar Noida Patna Ranchi Raipur Saharanpur Udaipur Ujjain Varanasi

Dista nce (KM) 558 821 891 83 639 374 453 341 500 458 526 729 813 562 960 758 287

SH/NH

Route

NH91-NH11

NH56/NH2 NH8 NH25 NH25/NH76 NH91 SH25/NH24 SH25/NH24 SH25/NH24 NH91 NH28 NH2 SH9 SH25/NH24 NH8 NH25/NH3 NH56

Lucknow-Agra-Bharatpur-MahwaPatoli-Dubbi-Kanauta-Jaipur Lucknow-Varanasi-AurangabadRanchi-Jamshedpur Lucknow-Ajmer-Beawar-Jodhpur Lucknow-Unnao-Kanpur Lucknow-Kanpur-Jhansi-ShivpuriKelwara-Antah-Kota Lucknow-Kannauj-MainpuriFirozabad-Tundla-Agra-Mathura Lucknow-Hardoi-Bareilly-RampurMoradabad-Meerut Lucknow-Hardoi-Bareilly-RampurMoradabad Lucknow- Moradabad-SeoharaBijnor-Muzzafarnagar Lucknow-Aligarh-BulandsaharSikandarabad-Noida Lucknow-Faizabad-TandaAzamgarh-Ghazipur-Arrah-Patna Lucknow-Varanasi-AurangabadSherghati-Balumath-Khelari-Ranchi Lucknow-Allahabad-Rewa-ShahdolPodki-Mungeli-Simga-Raipur Lucknow-Moradabad-DhampurNajibabad-Haridwar-RoorkeeSharanpur Lucknow-Ajmer-Beawar-RajsamandNathdwara-Udaipur Lucknow-Kanpur-Jhansi-ShivpuriGuna-Biaora-Maksi-Ujjan Lucknow-Jagdishpur-SultanpurBadlapur-Jaunpur-Phulpur-Varanasi

(q)

by road except the services of (A) a goods transportation agency; or (B) a courier agency; (ii) by an aircraft or a vessel from a place outside Indiato the first customs station of landing in India; or (iii) by inland waterways; Funeral, burial, crematorium or mortuary services including transportation of the deceased.

(i)

The services specified in the Negative List above shall remain outside the tax net. All other services, except those specifically exempted by the exercise of powers under section 93(1) of the Finance Act, 1994, would thus be chargeable to service tax. Negative list approach to taxation of services shall come into effect from a date to be notified, after the Finance Bill, 2012 receives the assent of the President. Proposed section 66E seeks to declare the following activities as declared services which shall constitute services for the purpose of Chapter V of the Finance Act, 1994: (a) (b) Renting of immovable property; Construction of a complex, building, civil structure or a part thereof, including a complex or building intended for sale to a buyer, wholly or partly, except where the entire consideration is received after issuance of certificate of completion by the competent authority and to define competent authority and construction by way of explanations. Temporary transfer or permitting the use or enjoyment of any intellectual property right; Development, design, programming, customisation, adaptation, upgradation, enhancement, implementation of information technology software Agreeing to the obligation to refrain from an act, or to tolerate an act or a situation, or to do an act; Transfer of goods by way of hiring, leasing, licensing or in any such manner without transfer of right to use such goods Activities in relation to delivery of goods on hire purchase or any system of payment by instalments Service portion in the execution of a works contract Service portion in an activity wherein goods, being food or any other article of human consumption or any drink (whether or not intoxicating) is supplied in any manner as a part of the activity;

(c) (d)

(e) (f) (g) (h) (i)

For operationalizing the Negative List approach, a number of changes have been proposed in Chapter V of the Finance Act, 1994.
112 9

Provisions relating to positive list approach, namely, sections 65, 65A, 66, and 66A currently appearing in Chapter V of the Finance Act, 1994, will cease to operate from a date to be notified later, as and when the negative list approach begins to operate. To support the negative list approach to taxation of services, draft Place of Provision of Services Rules, 2012 is being proposed. The draft Place of Provision of Services Rules contains principles on the basis of which taxing jurisdiction of a service can be determined. The Place of Provision of Services Rules, 2012 will be notified after (section 66C) the Finance Bill, 2012 receives the assent of the President. When the Place of Provision of Services Rules comes into effect, existing Export of Services Rules, 2005 and Taxation of Services (Provided from outside India and received in India) Rules, 2006 will be rescinded. 3. Various Amendments to Finance Act, 1994 A new section 67A is being inserted to prescribe that the value of taxable service (particularly in the case of import and export of taxable services) and the rate of tax shall be determined in terms of Point of Taxation Rules, 2011. Amendment made to section 68 for empowering the Central Government to notify the services and the extent of service tax payable A new section 72A is inserted for special audit to be carried out by a Chartered accountant or Cost Accountant nominated by the Commissioner where the service tax assessee has failed to declare or determine the value of taxable service or has availed and utilised credit of duty or tax beyond the normal limit or by means of, collusion or wilful misstatement or he is having operations spread out in multiple locations. Such audit may be ordered even though such accounts had been audited under any other law for the time being in force. Section 73 amended with a view to increase the period of issue of notice from one year to eighteen months. It is further proposed to insert subsection (1A) with a view to provide that where a notice or notices have been served under sub-section (1), service of a statement of details of service tax not levied, or not paid or short levied or short paid or erroneously refunded, on the person chargeable with service tax, shall be deemed to be service of notice on such person if the grounds relied upon are the same. Bill seeks to amend section 80 with a view to provide for penalty waiver on the service tax payable on service of renting of immovable property as on the 6th day of March, 2012, subject to the condition that the service tax

Distance of CIRC Branches from Lucknow (KM)

Branch Agra Ajmer Allahabad Aligarh Alwar Bareilly Bhilai Bhilwara Bhopal Bikaner Bilaspur Dehradun Dhanbad Ghaziabad Gorakhpur Gwalior Indore Jabalpur Dista nce
(KM)

SH/NH
NH91-SH40 NH11

Route
Lucknow-Mohan-BangarmauKannauj-Mainpuri-Firojabad-Agra Lucknow-Agra-BharatpurBamanpura-Jaipur-KishangarhAjmer Lucknow-Mohanlalganj-RaebareliAllahabad Lucknow-Mohan-BangarmauKannauj-Mainpuri-Etah-Aligarh Lucknow-Agra-Mathura-Deeg-Alwar Lucknow-Sitapur-SHahjahanpurTilhar-Faridpur-Bareilly Lucknow-Raebareli-Fatepur-KatniJabalpur-Bichhia-Piparia-Bhilai Lucknow-Jaipur-ShrinagarBandanwara-Surajpura-BHilwara Lucknow-Unnao-Bidhnu-GhatampurKabrai-Mahoba-Banda-SagarBhopal Lucknow-Aligarh-Palwal-RewariFatepur-Dungargarh-Bikaner Lucknow-Allahabad-Rewa-ShahdolPodki-Kota-Bilaspur Lucknow-Bareilly-RampurMoradabad-Dhampur-NjibabadHridwar-Dehradun Lucknow-Varanasi-SasaramAurangabad-Barhi-Dhanbad Lucknow-Aligarh-BulandsaharSikandarabad-Ghaziabad Lucknow-Barabanki-Faizabad-BastiGorakhpur Lucknow-Kanpur-Orai-KonchSeondha-Mau-Gwalior Lucknow-kanpur-Jhansi-GunaSarangpur-Dewas-Indore Lucknow-Raebareli-Fatepur-AtarraMaihar-Katni-Jabalpur

325 692 205 333 490 251 871 809 624 858 728 550 799 448 271 345 787 515

NH24B-SH36 NH91-SH40 NH2 NH24 NH12A NH91-NH11NH8-NH79A NH25-NH86NH86A NH91 SH9 SH25/NH24

NH56/NH2 NH91 NH28 NH25 NH25/NH3 NH7

10

111

AREA CODE LKN LKN LKN LKN LKN LKN LKN LKN LKN LKN LKN LKN LKN LKN LKN LKN LKN LKN

AO TYPE W C W W W C W C C W W W C W W W C C

RANGE CODE 91 91 91 91 91 91 92 92 92 92 92 93 93 93 93 93 93 991

AO NO. 1 1 2 3 4 11 1 1 2 2 3 1 1 2 3 4 11 91

DESCRIPTION ITO- 1(1), LUCKNOW-NEW ACIT- I, LUCKNOW-NEW ITO- 1(2), LUCKNOW-NEW ITO- 1(3), LUCKNOW-NEW ITO-1(4), LUCKNOW-NEW JCIT, RANGE- I, LUCKNOW-N ITO-2(1), LUCKNOW-NEW JCIT,RANGE- II,LUCKNOW-N ACIT- II,LUCKNOW-NEW ITO-2(2), LUCKNOW-NEW ITO-2(3), LUCKNOW-NEW ITO- 3(1), LUCKNOW-NEW ACIT-III,LUCKNOW-NEW ITO- 3(2), LUCKNOW-NEW ITO- 3(3), LUCKNOW-NEW ITO- 3(4), LUCKNOW-NEW JCIT RANGE III,LUCKNOW-N PAN ALLOTMENT FOR GOVERNMENT ORGANISATION

and interest are paid in full within a period of six months from the date on which the Finance Bill 2012 receives the assent of the President Section 83 is amended to make Settlement Commission provisions and revision mechanism applicable to service tax in line with the similar provisions of the Central Excise Act, 1944. Section 85 and section 86 are amended on the lines of Central Excise Act so as to harmonize the limitation for filing assessee appeal before Commissioner (Appeals) and revenue appeal before the Tribunal. Section 89 amended to make evasion of payment of service tax knowingly committed, a punishable offence Section 93A amended to provide for rebate of service tax on taxable services used for export of goods, after the stage of manufacture, processing or removal. Section 94(2) is being amended to obtain powers (a) to provide for the manner of compounding and to specify the amount of compounding of offences along the lines of Central Excise (Compounding of Offences) Rules, 2005; (b) to provide for rules for settlement of cases, along the lines of central excise. 4. Waiver of Penalty on Renting Of Immovable Property Service: Constitutional validity of the levy of service tax on renting of immovable property has been the subject matter of litigation. It has been decided to waive the penalty for those taxpayers who pay the service tax due on the renting of immovable property service (as on 06.03.2012), in full along with interest. For this purpose, a new section 80A is being inserted in the Finance Act, 1994. This scheme of penalty waiver will be open only for a period of six months from the date of enactment of the Finance Bill, 2012. 5. Retrospective Exemptions (a) Section 97 and 98 amended , with a view to extend service tax exemption retrospectively for repair of roads and noncommercial Government buildings Vide Notification No.24/2009-ST dated 27.07.2009 service tax on repair of roads is already exempted. Vide section 97 of the Finance Act, 1994, the exemption granted to repair of roads is being extended for the earlier period from 16.06.2005 to 26.07.2009. Management, maintenance or repair service undertaken in relation to non-commercial Government buildings is being exempted from service tax vide section 98, with effect from 16.06.2005 till the new charging section, namely section 66B,
110 11

comes into force. (b) Service provided by an association of dyeing units in relation to common effluent treatment plants was exempted from service tax. the Bill amends the scope of the exemption and seeks to give retrospective effect to the notification of the Government of India number G.S.R. 566(E), dated the 25th July, 2011, from the 16th day of June, 2005. In previous budget, sub-rule 6A was inserted under rule 6 of the Cenvat Credit Rules, 2004 to protect the service providers located in the Domestic Tariff Area from the reversal of Cenvat credit, when they supply taxable services under exemption, to the authorized operations of SEZ. The application of sub-rule 6A is being given retrospective effect from 10.02.2006

Assessing Officer Codes for Lucknow

Complete List can be seen at: https://www.tin-nsdl.com/pan/pan-aocode.php AREA CODE LKN DLC DLC DLC DLC AO TYPE C CC CC CC CC CC CC CC W W C W W W C W C W W C W C W W W C RANGE CODE 992 28 28 28 28 28 591 591 2 51 51 51 51 51 51 52 52 52 52 52 53 53 53 53 53 53 AO NO. 99 1 2 3 5 11 1 2 5 1 1 2 3 4 11 1 1 2 3 11 1 1 2 3 4 11

DESCRIPTION PAN FOR GOVT. DEPARTMENT ACIT CENTRAL CIRCLE I, LUCKNOW ACIT CENTRAL CIRCLE II, LUCKNOW ACIT CENTRAL CIRCLE III, LUCKNOW ACIT CENTRAL CIRCLE IV, LUCKNOW JCIT CENTERAL CIRCLE, LUCKNOW AC/DC CENTRAL CIRCLE 1, LUCKNOW AC/DC CENTRAL CIRCLE 2, LUCKNOW ITO(OSD - II) SALARY WARD LUCKNOW ITO-4(1), LUCKNOW-NEW ACIT-IV,LUCKNOW-NEW ITO-4(2), LUCKNOW-NEW ITO-4(3), LUCKNOW-NEW ITO-4(4), LUCKNOW-NEW JCIT RANGE IV,LUCKNOW-NEW ITO 5(1), LUCKNOW-NEW ACIT-V, LUCKNOW-NEW ITO 5(2), LUCKNOW-NEW ITO 5(3), LUCKNOW-NEW JCIT, RANGE- V,LUCKNOW-N ITO 6(1), LUCKNOW-NEW DCIT-VI, LUCKNOW-NEW ITO 6(2), LUCKNOW-NEW ITO 6(3), LUCKNOW-NEW ITO 6(4), LUCKNOW-NEW JCIT RANGE VI,LUCKNOW-N

(c)

6. Reverse Charge Mechanism Section 68(2) is amended to put the onus of payment of service tax on reverse charge basis partly on service provider and partly on service receiver. The scheme shall be applicable on following three Services: (a) hiring of means of transport (b) construction and (c) man power supply 7. Amendments in various Rules Cenvat Credit Rules, 2004: Service Tax Rules, 1994 Point of Taxation Rules, 2011 Works Contract (Composition Scheme for Payment of Service Tax) Rules, 2007 8. Budget Notifications Notification No.1/2012 dated 17th March, 2012 This notification shall come into force on the date of its publication in the Official Gazette Notification No.2/2012 dated 17th March, 2012 Amendment to Notification No. 42/ 2011 Service Tax, dated the th 25 July, 2011. Registered cooperative Societies included Rescind of Notification No. 8/2009 Service Tax, dated the 24th February, 2009. The
12

DLC DLC DLC LKN LKN LKN LKN LKN

(Notification 03/2012) (Notification 04/2012) (Notification 10/2012)

LKN LKN LKN LKN LKN LKN LKN LKN LKN LKN LKN LKN LKN

109

Area Rajauli Rajendranagar Roberts Line Saadatganj Sadrauna Sanatan Dharam Vidya Peeth Sant Market Sarai Mali Khan Sarfraj Sarojini Nagar Sarvoday Nagar Sitapur Road, Sec-C Secretariat Shivaji Marg Zarda

PIN 226026 226004 226002 226003 226008 226026 226006 226003 226003 226008 226016 226021 226001 226018 226003

Area Singar Nagar Sujanpura Sunderbagh Thakurganj Tirwa Topkhana Bazar Triveni Nagar U I C Mill Ujariaon Utrathia Victoriaganj Vikas Nagar Wazirganj Yahiaganj

PIN 226005 226005 226018 226003 226005 226002 226020 226006 226010 226002 226003 226022 226018 226003

This notification shall come into force on the 1st day of April, 2012 Notification No.3/2012 dated 17th March, 2012 This Notification y shall come into force on the 1st day of April, 2012 Notification No.4/2012 dated 17th March, 2012 This Notification y shall come into force on the 1st day of April, 2012 Notification No.5/2012 dated 17th March, 2012 This Notification y shall come into force on the 1st day of April, 2012 Notification No.6/2012 dated 17th March, 2012 This Notification y shall come into force on the 1st day of April, 2012

notification provided the exempts all the taxable services specified in sub-section 105 of section 65

Amendments Rules 1994

to

Service

Tax

Amenment to Point of Taxation Rules, 2012

Amendment to Notification No. 06/2005 dated the 1st March, 2005

Notification No.7/2012 dated 17th March, 2012

Exemption to an aircraft operator for air transport of such passenger embarking in India for domestic journey or international journey from so much of the service tax which exceeds forty per cent. of the value of the taxable service Amendment to Notification No. 07/2010 dated 27-02-2010 which rescinded exemption to transport of goods by rail. The notification is made st applicable from 1 day of July, st 2010 instead of 1 Day of April, 2010

Notification No.8/2012 dated 17th March, 2012

Amendment to Notification No. 08/2010 dated 27-02-2010 which provided exemption to transport of goods by rail.

108

13

The notification is made st applicable from 1 day of July, st 2010 instead of 1 Day of April, 2010 Notification No.9/2012 dated 17th March, 2012 Amendment to Notification No. 09/2010 dated 27-02-2010 which provided abatement to transport of goods by rail. The notification is made st applicable from 1 day of July, st 2007 instead of 1 Day of April, 2007 Notification No.10/2012 17th March, 2012 dated Amendment to Works Contract (Composition Scheme for Payment of Service Tax) Rules, 2007

Area Harauni Hasanpur Keoli Hasnain Market Husainabad Iim Mubarakpur Ind.Area Sarojininagar Indira Nagar Indiranagar Sec-14 Indiranagar Sec-18 Indiranagar Sec-21 Industrial Area Int Gaon Ismailganj Kaiserbagh Kalyanpur Kharika L D A Colony Lalbagh Laulai Locomotive W Shop Lonikatra Lucknow G.P.O. M N Colony Madiyaon Mahanagar R B Colony R G C Mill Maharishi Vidya Mandir Malesemau R P Line

PIN 226005 226002 226003 226003 226013 226008 226016 226016 226016 226016 226009 226008 226010 226001 226022 226002 226012 226001 226010 226005 226020 226001 226006 226021 226006 226018 226017 226020 226010 226007

Area Manaknagar Manas Nagar Mansoor Nagar Mati Maunda Mawai Padiyana Medical College Military Hospital Mill Road Molviganj Nadan Mahal Nadwa Narain Nagar Naubasta Navinmandi Naya Gaon New Ganeshganj New Hyderabad Niel Lines Nilmatha Niralanagar Pandariba Pawanpuri Piparsand R A College SGPGI Shia Lines Rahim Nagar Padiana Raja Bazar Rajajipuram

PIN 226011 226023 226003 226002 226008 226008 226003 226002 226004 226018 226004 226007 226016 226003 226024 226018 226018 226007 226002 226002 226020 226004 226005 226005 226004 226014 226002 226005 226003 226017

This Notification y shall come into force on the 1st day of April, 2012

Full text of the Budget Notifications can be read at: http://www.cbec.gov.in/ub1213/ub1213-idx.htm

14

107

PIN CODES FOR LUCKNOW:

HIGHLIGHTS
Area PIN 226002 226001 226002 226024 226002 226004 226003 226003 226015 226020 226002 226020 226001 226020 226002 226005 226018 226021 226020 226016 226001 226018 226010 226010 226004 226026 226001 226016

Area 32 Bat. PAC A N L Colony A P Sabha Adarsh Nagar Aishbagh Alambagh Alamnagar Aliganj Extension Aliganj Amausi Ad Amausi Amberganj Aminabad Park Anandnagar Arjunganj Arya Nagar Ashok Marg Barauna Barha Basha Behta Sabauli Behta Benti Bhadrukh Bhatgaon Bijnaur Birhana Blunt Square

PIN 226008 226004 226001 226005 226004 226005 226017 226024 226024 226009 226008 226003 226018 226005 226002 226004 226001 226002 226005 226026 226021 226026 226005 226002 226005 226002 226004 226004 C B Lines

INCOME TAX & WEALTH TAX

1. Income Tax Slabs for individuals/HUF/AOP/BOI/AJP have been increased. Male and Females have been brought under the same slabs. The new slabs for AY 2013-14 are: Tax Slabs Up to 200000/200001 to 5.00 lacs 500001 to 10.00 lacs Above 10 lacs Rates Nil 10% 20% 30%

Canal Colony Chakganjaria Chandganj Chandrawal Charbagh Chaupatiyan Chowk CIMAP D M Road D S Bazar Daliganj Darul Safa Diguria Dilkusha Distt. Jail Ganesh Ganj Gayrtinagar Ghaila Ghazipur Gokhley Marg Golaganj Gomtinagar Gomtinagar Vistar Gurdwara Guramba H C Bench HAL

Rates for resident individuals senior citizens of 60 Years or 80 Years and more are unchanged and are same as in AY 2012-13 Existing Tax slabs for AY 2012-13 are as under: Individual/HUF/AOP etc Up to 180000/180001 to 5.00 lacs 500001 to 8.00 lacs Above 8 lacs Senior Citizens Senior Citizen 60Years:80Years< Up to 250000/2.50 to 5.00 lacs >5.00 to 10.00 lacs Above 10 lacs Rate Nil 10% 20% 30% Senior Citizen 80 Years or more Up to 500000/500001 to 10 lacs Above 10 lacs Rate Nil 20% 30% Women Up to 190000/190001 to 5.00 lacs 500001 to 8.00 lacs Above 8 lacs Rate Nil 10% 20% 30%

2.

There is no changes for the rate structure for (a) Cooperative Society (b) Firm (c) Local Authority (d) Companies (both domestic or others) In all the above cases tax rates shall continue to be the same as for the assessment year 2012-13

106

15

3.

Surcharge:

DUE DATE CALENDAR

There is no change in surcharge which was applicable for companies in last year as under: Changes in Surcharge Domestic companies with income above 1 crore Companies other than domestic company Rate 5.00% 2.00% COMMON DATES Date 5 7 10 11 13 15 16 25 30 Obligation Service Tax Payment Excise Duty Payment TDS/TCS Deposit Excise Returns E.S.I. Return Annual P F Return T.D.S. Returns Advance Payment of IT/FBT P.F. Deposit E.S.I. Deposit P. F. Return Service Tax Return T.C.S. RETURN Frequency Every Month-for Companies Every Month Every Month For Previous Month ended. Every Month Every Month In April Quarterly Returns Quarterly/Monthly Every Month Half Yearly Monthly Half Yearly Quarterly

In all the other cases including MAT, Tax on Dividends and UTI Income surcharge shall be applicable @ 5% 4. Education and SHE Cess: There is no change in the both the cess and shall continue as for AY 2012-13 as under: Cess Category Education Cess Secondary and Higher Education Cess Existing Rate 2% 1%

Presently there is no levy of cess on tax deducted or collected at source in case of domestic company or payments made to a resident in India. However the both the cess shall be applicable on tax deducted at source in the case of salary payments. Also they shall be levied in case of payments to a non resident or a company other than domestic company. 5. Benefit of deduction under section 80CCF for investment in infrastructure bond not extended to AY 2013-14 Prohibition of cash donations in excess of ten thousand rupees A new deduction from Gross Total Income up to Rs. 10000/- on Saving Bank Interest Income. Tax Audit Limits under section 44AB increased to Rs. 100 lacs for business and Rs. 25 lacs for Profession.. Alternate Minimum Tax (AMT) extended to other form of business organisations such as partnership firms, sole proprietorship, association of persons, etc.

SPECIFIC DATES Date st 31 MAR 30 April th 15 MAY 15th JUN 31st JUL 30th SEP 25th OCT 31st OCT 30th NOV
th

6. 7.

8.

Obligation Service Tax payment for both Monthly /Quarterly Cases st T.D.S. Deposit if payment credited on 31 March TDS Return for Q4 Advance Income Tax /FBT for Companies IT /FBT Return Filing for non audit cases Income Tax/ Wealth Tax /FBT Returns of Companies & Tax Audit cases Service Tax Return - Half Yearly Balance Sheet & PL Filing with ROC for Companies with financial year ending on 31st march Annual Return Filing for Companies with financial year ending on 31st march

9.

10. Benefit of extra 20% depreciation extended to Power Sector..

16

105

0602 - Fashion designers 0603 - Legal professionals 0604 - Medical professionals 0605 - Nursing Homes 0606 - Specialty hospitals 0607 Others Service Sector 0701 - Advertisement agencies 0702 - Beauty Parlours 0703 - Consultancy services 0704 - Courier Agencies 0705 Computer training/ edu./ coaching 0706 - Forex Dealers 0707 - Hospitality services 0708 - Hotels 0709 - IT. enabled services, BPO 0710 - Security agencies 0711 - Software development agencies 0712 - Transporters

0713 - Travel agents, tour operators 0714 Others Financial Service Sector 0801 - Banking Companies 0802 - Chit Funds 0803 - Financial Institutions 0804 - Financial service providers 0805 - Leasing Companies 0806 - Money Lenders 0807 NBFC 0808 - Share Brokers, Sub-brokers, etc. 0809 Others Entertainment Industry 0901 - Cable T.V. productions 0902 - Film distribution 0903 - Film laboratories 0904 - Motion Picture Producers 0905 - Television Channels 0906 Others

11. Two Time deduction benefit for expenditure on scientific research extended up to expenditure incurred up to 31-3-2017. 12. 1.5 Times deduction for expenditure on cold chain warehousing, hospitals, housing, fertilizers. Agriculture Extensive Projects. Skill Development Projects. 13. Tax to be deducted by the 13. Tax Collection at Source (TCS) on cash sale of bullion and jewellery. 14. Compulsory filing of income tax return in relation to assets located outside India 15. Penalty up to 90% on undisclosed income found during the course of search 16. Exemption for Senior Citizens from payment of advance tax 17. Relief from LTCG on transfer of residential property if invested in a manufacturing small or medium enterprise 18. Reduction in the rate of Securities Transaction Tax (STT) from the existing 0.125% to 0.1%. 19. Extension of sunset date for tax holiday for power sector by extending the terminal date up to 31.03.2013. 20. Age of senior citizens reduced from 65 to 60 years for various deductions and reliefs across the provisions of the Act. 21. Deduction for expenditure on preventive health check-up up to Rs. 5000/- within existing limit of medical health insurance 22. In case of failure to deduct tax at source, where resident payee itself pays due tax, payer shall not be held as in default. Also the said expenditure shall be an allowable expenditure 23. Fee and penalties prescribed for delay in furnishing of TDS/TCS Statement and penalty for incorrect information in TDS/TCS Statement 24. TDS Changes: Section 193 Provision Interest on Debentures Changes Limit increased from Rs. 2500/- to Rs. 5000/17

104

194E

194J

Payments to non-resident sportsmen, sports associations, entertainer Fees for Professional or technical services Compensation on acquisition of immovable property Transfer of immovable property other than agriculture land

Rate increased to 20% from 10% Directors Remuneration Covered Limit increased to 2 lacs Rate = 1% Limit: Less than 50 lacs/25 lacs for specified /non specified area

CODES USED IN E-RETURNS

194LA

194LLA

I H 1 2 3 4 5 6 7 8

Individual Hindu Undivided Family (HUF) Firm Local Authority Cooperative Bank Cooperative Society Any other AOP or BOI Public Company Private Company Others

25. Tax Residence Certificate (TRC) submission made compulsory for claiming relief under DTAA 26. A framework for advance pricing agreement introduced. 27. General Anti Avoidance Rule (GAAR) based on doctrine of Substance over form introduced as Chapter X-A 28. Time limit for completion of assessments and reassessments increased by 3 months Time Limitation Section Existing Limit Proposed Limit 143 21 months from the end of the 24 Months A.Y. 143, 92CA 33 months from the end of the 36 Months A.Y. 148 9 months from the end of the F.Y. 12 Months in which notice issued 148, 92CA 21 months from the end of the 24 Months F.Y. in which notice issued 250,254,263 9 months from the end of the F.Y. 12 Months in which order received 250, 254, 21 months from the end of the 24 Months 263, 92CA F.Y. in which order received 29. Charitable organization shall not get the benefit of tax exemption in the year in which its receipts from commercial activities exceeds the threshold limit of 25 lacs irrespective of the approval or registration granted. Activity Code for Part A - Nature of Business Manufacturing Industry 0101 - Agro-based industries 0102 - Automobile and Auto parts
0103 - Cement 0104 - Diamond cutting 0105 - Drugs and Pharmaceuticals 0106 - Electronics, Computer Hardware 0107 - Engineering goods 0108 - Fertilizers, Chemicals, Paints 0109 - Flour & Rice Mills 0110 - Food Processing Units 0111 - Marble & Granite 0112 Paper 0113 - Petroleum and Petrochemicals 0114 - Power and energy 0115 - Printing & Publishing 0116 Rubber 0117 - Steel 0118 - Sugar 0119 - Tea, Coffee 0120 - Textiles, Handloom, Powerlooms

0123 - Vanaspati & Edible Oils 0124 Others Trading

0201 - Chain stores 0202 - Retailers 0203 - Wholesalers 0204 - Others 0301 - General Commission Agents Builders 0401 - Builders 0402 - Estate agents 0403 - Property Developers 0404 Others Contractors 0501 - Civil Contractors 0502 - Excise Contractors 0503 - Forest Contractors 0504 - Mining Contractors 0505 - Others Professionals 0601 C.A., Auditors, etc.

18

103

NEW INCOME TAX RETURNS

30. Minimum Alternate Tax (MAT)-Revaluation reserves to be added to Book profit 31. Receipt of any income without deduction or collection of tax, shall attract liability for advance tax in respect of such income

Sl 01 02 03

Assessee For Individuals having Income from Salary/ Pension/ family pension) & Interest For Individuals and HUFs not having Income from Business or Profession For Individuals/HUFs being partners in firms and not carrying out business or profession under any proprietorship] For individuals & HUFs having income from a proprietory business or profession For firms, AOPs and BOIs (Including Fringe Benefit Tax Return) [For Companies other than companies claiming exemption under section 11 (Including Fringe Benefit Tax Return) For persons including companies required to furnish return under section 139(4A) or section 139(4B) or section 139(4C) or section 139(4D) (Including Fringe Benefit Tax Return)

Applicable Form ITR-1 ITR -2 ITR- 3

32. House allotted by a company shall not be included in assets for Wealth tax if the gross salary is less than 10 lacs

---o---

04 05 06

ITR - 4 ITR 5 ITR 6 ] Note: ITR 8 ITR - V One can calculate is/her tax liability under the proposed provisions by using the tax calculator at the following website:

07

ITR 7

08 09

Return for Fringe Benefits

Indian Income Tax Return Verification Form [Where The Data Of The Return Of Income/Fringe Benefits In Form Itr-1, Itr-2, Itr-3, Itr-4, Itr-5, Itr-6 & Itr-8 Transmitted Electronically Without Digital Signature]

http://law.incometaxindia.gov.in/DIT/Xtras/taxcalc.aspx

102

19

INCOME TAX CHALLANS SECTION-WISE MAJOR CHANGES: INCOME TAX

Sl No 01 02 Section 2(14) Subject Capital Asset w.e.f. 1-04-1962 AY1962-63 Changes Explanation added to clarify that it includes any rights in or in relation to an Indian company, including rights of management or control or any other rights whatsoever The Director of Income-tax included in the definition of the Commissioner. The requirement of issue of shares to the shareholders of the demerged company excluded where resulting company itself in a scheme of demerger is a shareholder of the demerged company. Explanation added for Clarification. Explanation 4 added to clarify the expression through used in the said subsection. Explanation5 added to clarify that an asset or a capital asset being any share or interest in a company or entity 03 Purpose Payment of INCOME-TAX both for companies and non company assessee Deposit of TDS both by companies and non company deductee Securities transaction tax Wealth tax Gift tax Expenditure/other tax Estate duty Interest tax Hotel receipts tax Banking Cash Transaction Tax Fringe Benefits Tax Challan No. TNS 280 ITNS 281

ITNS 282

04 05

ITNS 283 ITNS 283

2(16)

Commissioner

1-04-1988

STAMP ACT (as applicable in U.P)

2(19AA)

Demerger

01-04-2013 AY2013-14

2(47)

Transfer

01-04-1962 AY1962-63

9(1)(i)

Income deemed to accrue or arise in India.

01-04-1962 AY1962-63

Letter of Acknowledgement of Debt exceeding Rs. 1,000/Affidavit Articles and Memorandum Deed of Partnership Dissolution of Partnership Ddeed General Agreement Supplementary partnership Deed Indemnity/Surety Bond General Power of Attorney Specific Power of Attorney Undertaking Bank Guarantee

10/10/1000/700/100/100/100/100/100/50/10/00.50% subject to maximum of Rs. 10000/-

20

101

CODES FOR RESIDENCE AND STATUS

1. Residence Code 01 02 03

Residence in India Resident Non-Resident Resident but not ordinarily resident 2. Status Code 01 02 03

registered or incorporated outside India shall be deemed to be and shall always be deemed to have been situated in India, if the share or interest derives, directly or indirectly, its value substantially from the assets located in India Code 07 08 09 Expl 4 added to clarify that it includes right to use a computer software Expl 5 added to clarify consideration in respect of any right, property or information Expl 6 added to clarify that process include transmission by satellite, cable, optic fibre or similar technology, whether or not such process is secret. It is proposed to allow exemption of any sum received under an insurance policy issued on or after 1st April, 2012 only if the premium for the policy does not exceed ten per cent. of the actual capital sum assured. Such income shall become taxable in the year when the

Status
Individual HUF HUF Which has at least one member with total income of the previous year exceeding the maximum amount not chargeable to tax unregistered firm Registered firm/firm (other than the one engaged in profession) Registered firm/firm engaged in profession

Status
Association of persons (AOP) Association of persons (Trust) Body of individuals (BOI)

9(1)(vi)

Income deemed to accrue or arise in India- Royalty

01-06-1973 AY1977-78

04 05

Artificial juridical person Co-operative Society

10 11

06

Local authority

16

10 (10D)

Sum Received under LIP

01-04-2013 AY2013-14

10(23C)

Income received on behalf of trusts. Funds, institutions

01-04-2009 AY2009-10

100

21

etc.

10 (23FB)

Income of Venture Capital Co/Fund

01-04-2013 AY2013-14

10(48)

Receipts - Sale of crude oil

01-04-2012 AY2012-13

13

Non Applicability of Section 11

01-04-2009 AY2009-10

32(1)(iia)

DepreciationGeneration/Distribut ion of Power

01-04-2013 AY2013-14

35(5)

Expenditure on Scientific Research

01-04-2013 AY2013-14

commercial receipts of the trusts etc exceeds the limit specified irrespective of the approval granted. Venture Capital Undertaking referred to in the Securities and Exchange Board of India (Venture Capital Funds) Regulations, 1996. It is proposed that any income of a foreign company received in India in Indian currency on account of sale of crude oil to any person in India subject to fulfilment of certain conditions specified in the said clause will also not be included in total income Such income shall become taxable in the year when the commercial receipts of the trusts etc exceeds the limit specified irrespective of the approval granted. Benefit of extra 20% dep. extended to the business of generation or generation and distribution of power. 2 time deduction extended for expenditure incurred up to march 2017

Documents as proof of identity and address for other than Individual and HUF 1 Company Copy of Certificate of Registration issued by the Registrar of Companies. 2 Firm Copy of Certificate of Registration issued by the Registrar of Firms or copy of partnership deed 3 AOP (Trusts) Copy of trust deed or copy of certificate of registration number issued by Charity Commissioner 4 AOP (other than trusts) Copy of Agreement or copy of certificate of BOI, Local authority or registration number issued by charity Artificial Juridical Person commissioner or registrar of cooperative society or any other competent authority or any other document originating from any Central or State Government Department establishing identity and address of such person. Supporting document required for changes in PAN data Case / applicant type Married ladies change of name on account of marriage Document acceptable for change of name / fathers name Mariage certificate or marriage A certificate invitation card or publication of issued by a name change in official gazetted officer. gazette or copy of passport showing husbands name Publication of name change in official gazette ROCs certificate for name change Revised partnership deed Revised registration certificate / deed or agreement as applicable Document acceptable for change of Date of Birth / Incorporation Relevant proof of identity having correct date of birth. Relevant proof of identity having correct date of incorporation

Individual applicants than married ladies Companies

other

Partnership firms AOP / Trust / BOI / AJP / Local authority Applicant type Individuals Non individuals

22

99

PAN APPLICATIONDocuments and A.O. Code List

35AD (1A)
Documents as proof of identity and address as per Rule 114 of Income Tax Rules, 1962 for Individual and HUF Sr. Proof of Identity (Copy Proof of Address Proof of Issuance No. of any one) (Copy of any one) of PAN (Copy of any one) 1 School Leaving Electricity bill^ PAN Card Certificate 2 Matriculation Certificate Telephone bill^ PAN Allotment Letter 3 Degree of recognised Employer Certificate^ No other document educational institution is acceptable as 4 Depository Account Depository Account proof of issuance of PAN. If proof is Statement Statement^ 5 Bank Statement / Bank Statement / not provided then application shall be Passbook passbook^ accepted on a good effort basis. 6 Credit Card Credit Card Statement^ 7 Water Bill Rent Receipt^ 8 Ration Card Ration Card 9 Property Tax Assessment Property Tax Order Assessment Order 10 Passport Passport 11 Voter Identity Card Voter Identity Card 12 Driving License Driving License 13 Certificate of identity Certificate of address signed by a signed by a Member of Parliament or Member of Parliament or Member of Legislative Member of Legislative Assembly or Municipal Assembly or Municipal Councillor or a Gazetted Councillor or a Gazetted Officer. Officer. Note : In case of Minor, any of the above mentioned documents as proof of Identity and Address of any of parents/guardians of such minor shall be deemed to be the proof of identity and address for the minor applicant. For HUF any document in the name of Karta of HUF is required. Note : 1) Proof of Address mentioned in Sr. No. 1 to 7 (^)should not be more than six months old on the date of application. 2) Proof of Address is required for Address for communication in item no. 7 Note : Proof of identity and address must be in the Name of applicant.

Expenditure on Specified Business

01-04-2013 AY2013-14

New section for deduction of 150% for Cold chain, warehousing, hospital with 100 beds, housing projects, fertilizer production. Three new categories included: (a) inland container depot or a container freight station (b) bee-keeping and production of honey and beeswax warehousing (c) facility for storage of sugar.

35AD(5) 35AD(8)

35AD(6A)

01-04-2011 AY2011-12

Transfer of merely operation of 2Star or above category hotel shall not disqualify the eligibility. 150% deduction proposed for expenditure on notified projects. 150% deduction proposed for expenditure on notified projects. It has been proposed that this section shall not apply unless the AO is satisfied that the there were no good or sufficient reasons for failure to deduct and pay tax No disallowance has been proposed in

35CCC

Expenditure on Agricultural Extension Project Expenditure on Skill Development Project Amounts DeductibleFailure not TDS

01-04-2013 AY2013-14

35CCD

01-04-2013 AY2013-14

40(a)(ia)

01-04-2013 AY2013-14

40A(2)(a)

Expenses Payments

or not

01-04-2013 AY2013-14

98

23

deductible

respect of a specified domestic transaction referred to in section 92BA, if such transaction is at arms length price as defined in clause (ii) of section 92F. It has been proposed to include in the list of referred persons any other company carrying on a business or profession in which the company referred to has substantial interest. Limit enhanced from 60 lacs to 1 crores for Business Limit enhanced from 15 lacs to 25 lacs for Profession. Section shall not apply to: (i) a person carrying on profession as section 44AA(1); (ii) a person earning income in the nature of commission or brokerage; or (iii) a person carrying on any agency business Turnover limit raised to 1 crores Consequent to amendment of Section 44AB It has been provided that to the extent where the

City
37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 Khatauli Khatima Kushi Nagar Lakhimpur Kheri Lalitpur Lucknow Mainpuri Mathura Mau Meerut Mirzapur Moradabad Mujjafarnagar Najibabad Noida Pilibhit Pratapgarh Rae Bareilly Rampur Roorkee Sambhal Sahjahanpur Shamli Saharanpur Sitapur Sultanpur Unnao Varanasi

ITO/Commissioner
ITO, Mujjafarnagar ITO, Haldwani ITO Gorakhpur ITO, Bareilly ITO Agra CCIT, Lucknow ITO, Aligarh Addl. CIT, Agra ITO, Gorakhpur CCIT, Meerut JCIT, Allahabad CIT, Moradabad CIT, Mujjafarnagar ACIT, Moradabad Addl. CIT, Ghaziabad ITO Bareilly ITO, Faizabad ITO, Faizabad ITO, Moradabad ITO, Dehradun ITO, Moradabad ITO, Bareilly ITO, Muzaffarnagar
Addl. CIT, Muzaffarnagar

Telephone No.
01396-275967 05943-253299 05564-246039 05872-252754 05176-274396 0522-2275079 05672-234208 0565-2424210 05472-220375 0120-2950592 05442-265652 0591-2413522 0131-2630865 01341-224513 0120-2538023 05882-255211 05342-220637 0535-2207067 0595-2350152 01332-272414 05923-231069 05842-222340 01398-250374 0132-2726959 05862-243375 05362-221911 0515-2828602 0542-2508360

CCIT
Meerut Dehradun Allahabad Bareilly Kanpur Lucknow Meerut Kanpur Allahabad Meerut Allahabad Bareilly Meerut Bareilly Meerut Bareilly Lucknow Lucknow Bareilly Dehradun Bareilly Bareilly Meerut Meerut Bareilly Lucknow Lucknow Allahabad

40A(2)(b)

44AB

Tax Audit

01-04-2013 AY2013-14

44AD(6)

Presumptive Taxation

01-04-2011 AY2011-12

Addl CIT, Bareilly Addl CIT, Faizabad ITO, Lucknow DCIT, Varanasi

01-04-2013 AY2013-14

47(vii)(a)

Transactions not regarded as transfer

01-04-2013 AY2013-14

24

97

STATION DIRECTORY OF INCOME TAX OFFICES

(U.P.)

City
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 Agra Aligarh Allahabad Auraiya Azamgarh Badaun Bahraich Ballia Banda Barabanki Baraut Bareilly Basti Bhadoi Bijnor Bulandshar Chandausi Deoband Deoria Etah Etawah Faizabad Farrukhabad Fatehpur Firozabad Ghaziabad Ghazipur Gonda Gorakhpur Hapur Hardoi Hathras Jaunpur Jhansi Kannauj Kanpur

ITO/Commissioner
CIT Agra CIT Aligarh CCIT, Allahabad ITO Agra DCIT, Gorakhpur ITO, Moradabad ITO, Faizabad ITO, Varanasi ITO, Kanpur ITO, Lucknow ITO, Meerut CCIT, Bareilly ITO, Faizabad ITO, Varanasi Addl. CIT, Moradabad DCIT(HQ) Meerut ITO, Moradabad ITO, Mujjafarnagar ITO, Gorakhpur ITO, Aligarh ITO, Agra CIT, Faizabad JCIT, Aligarh ITO, Allahabad Addl. CIT, Agra CIT, Ghaziabad ITO, Varanasi Addl CIT, Faizabad CIT, Gorakhpur ITO Faizabad ITO, Bareilly ITO, Aligarh ITO, Faizabad Addl. CIT, Agra ITO, Aligarh CCIT , Kanpur

Telephone No.
0562-2851290 0571-2401301 0532-2601425 05688-254984 05462-228243 05823-224455 05252-232222 05498-220405 05192-224787 05248-2822646 01234-252915 0581-2511390, 549 05542-245268 05414-25276 01342-262043 05732-280696 05921-250132 01336-221300 05568-222541 05742-233297 05688-254984 05278-228278 05692-241399 05180-224522 05612-282099 0120-2714125 0120-2756453 0548-220357 05262-221197 0551-2203551 0122-2318957 05852-234834 05722-231150 05452-260193 0517-2483366 05694-236912 0512-2304475

CCIT
Kanpur Kanpur Allahabad Kanpur Allahabad Bareilly Lucknow Allahabad Kanpur Lucknow Meerut Bareilly Lucknow Allahabad Bareilly Meerut Bareilly Meerut Allahabad Meerut Kanpur Lucknow Meerut Allahabad Kanpur Ghaziabad Allahabad Lucknow Allahabad Meerut Bareilly Meerut Lucknow Kanpur Meerut Kanpur

49(1)(iii)(e)

Cost with reference to certain mode of acquisition

01-04-1999 AY1999-00

50D

Fair market value to be full value of consideration

01-04-2013 AY2013-14

54B

Capital Gain on transfer of land used for agricultural Capital gain on transfer of residential property

01-04-2013 AY2013-14

54GB

01-04-2013 AY2013-14

55A(a)

Reference to Valuation Officer

01-07-2012

amalgamated company itself is the shareholder in the amalgamating company, it shall not be necessary for it to issue share or shares Transfer of assets to a company under succession etc now brought under this section. New Section proposed where the consideration of the transfer of a capital asset is unascertainable or undetermined, then, the fair market value shall be deemed to be the full value of the consideration. Benefit of the section now extended to Hindu undivided family. New section proposed for exemption from CG arising from transfer (up to 31-3-2017) of residential property to eligible assessee for investment in equity shares of eligibile company. Eligibility to be defined. It is proposed to amend the aforesaid clause so as to provide reference to the Valuation Officer in case value claimed is at variance with its fair market value instead of making a

96

25

56(2)(vii)

Income from Other Sources

01-10-2009

reference only when such value is less than its fair market value. any sum or property received without consideration or inadequate consideration by an HUF from its members would also be excluded from taxation New clause to provide that consideration received by a company, (not being a company in which the public are substantially interested) from any resident person for issue of shares in excess of the face value it shall be chargeable. New Proviso to include share application money, share capital, share premium etc. The proviso not to apply to companies in which public is interested or if the person, in whose name the sum referred to therein is recorded, is a venture capital fund or a venture capital company It is proposed to provide that market

Ran ge

Pin C and Area ode

Company C ases KL & M

Salary/Pensio n StateGovt. DC ITO 4(1) ITO 4(2) ITO 4(3) ITO 4(4)

AOJurisdiction

IV

226002 226004 226014 226017 226020 226025 227120 227125 227305 227308 227309 226018 226018 226018 226018

Dilkusha Aishbagh SGPGI Rajajipuram Daliganj B.R Am bedkar Univ. Amethi Gosaiganj M ohanlalganj Nagram Nigohan

Above 5lacs Individuals : A to G Company : K Individuals : H toN Company : La toLm Individuals : O to R Company : Ln toLz Individuals : S to Z Company : M

56(2)(viib)

01-04-2013 AY2013-14

Aminabad Park Ganeshganj Golaganj M aulviganj , Shivaji M arg 226018 Sunderbagh 226018Wazirganj 226018 G.B. Marg Barabanki. 226003 226005 226008 Area 226009 226011 226012 227101 Chowk Alambagh Sarojini Nagar Indl Amausi M anak Nagar LDA C olony Banthara

State Government N O PQ & Corporation/ Under R taking & Local Bodies

DC ITO 5(1) ITO 5(2) ITO 5(3) ITO Barabanki DC

Above 5lacs Individuals : A to H Company : N & O Individuals : I to P Company : P to Q Individuals : Q to Z Company : R 5lacs < All cases Above 5lacs Individuals Company Individuals Company Individuals Company Individuals Company : A to H :S : I to N : T&U : Q to R &U :V&X : S to T &V toZ : W Y &Z

VI

68

Cash Credits

01-04-2013 AY2013-14

Autonom ous ST U V W bodies/ XY &Z P.G.I./ KGM C/ L.U./ Schools, Colleges, University

ITO 6(1) ITO 6(2) ITO 6(3) ITO 6(4) Barabanki

Income Limit for Case assignment (w.e.f. 31-01-2011)

Income Declared Income Declared (Mofussil Areas)* (Metro Cities) ITOs ACs/DCs ITOs DCs/ACs Corporate Up to Rs. 20 Above Rs 20 Up to Rs. 30 Above Rs Return Lacs Lacs Lacs 30 Lacs Non Corporate Up to Rs. 15 Above Rs. 15 Up to Rs. 20 Above Rs. Return Lacs Lacs Lacs 20 Lacs if the application of above limits in any CIT charge leads to a substantially uneven distribution of workload between DCsIT/ACsIT and ITOs, the CCIT/DGIT may adjust the above limits by an amount of upto Rs. 5 lakhs to ensure that the workload is equitably distributed amongst the Assessing Officers after recording reasons in this regard. *[ Other than Delhi, Mumbai, Kolkata, Chennai, Hyderabad, Ahmedabad, Pune and Bangalore] INSTRUCTION NO. 6/2011 [F.NO.187/12/2010-ITA-I],
Dt. 8-4-11

80A

Deduction

to

be

01-04-2013

26

95

JURISDICATION OF CCIT, LUCKNOW

made in computing total income

AY2013-14

CCIT, LUCKNOW

CIT-I Lucknow

CIT-II Lucknow

CIT- TDS Lucknow

CITFaizabad

Ran ge

Pin Code and Area

Co. Cases

Salary/Pension DC ITO 1(1) ITO 1(2) ITO 1(3) ITO 1(3)

AO Jurisdiction > 5 lacs Individuals Company Individuals Company Individuals Company Individuals Company > 5 lacs Individuals Company Individuals Company

80C(3)
: A to G : Aa to Ak : H to N : Al to Az : O to R : Ba to Bk : S to Z : Bl to Bz : A to J :C : K to R :D

226010 226016 226019 227105

Gomti Nagar Indira Nagar Chinhat Indl Area Chinhat

A &B

Central Govt. and its Corporations or Undertakings or Institutions

Deduction in respect of life insurance premia etc.

01-04-2013 AY2013-14

80CCF

DeductionInfrastructure Bond

01-04-2013 AY2013-14

II

226001 226006 227107 227111 227115 227116

GPO Mahanagar Kakori Malihabad Mall Rahimabad

CDE & F

All Banks, Pvt. Banks, NABARAD, RBI

DC ITO 2(1) ITO 2(2) ITO 2(3) ITO Unnao DC ITO 3(1) ITO 3(2) ITO 3(3) ITO 3(4)

80D

Deduction-Health Insurance

01-04-2013 AY2013-14

Individuals : E to F 5 lacs < All cases > 5 lacs Individuals Company Individuals Company Individuals Company Individuals Company : A to G :G : H to N :H : O to R :I : S to Z :J

226007 226013 226015 226021 III 226022 226023 226024 226026 227202 227205 227207

New Hyderabad IM Mubarakpur CIMAP Sitapur Road Sec-C Vikas Nagar Manas Nagar Aliganj Behta Bakshi ka Talab Itaunja FFTC Indurabagh

G HI& J

All Insurance Companies/ LIC/ GIC/ All Private Sector

value in relation to any goods or services sold, supplied or acquired, in case of a transaction being a domestic transaction referred to in section 92BA shall be the arms length price as defined in clause (ii) of section 92F. It is proposed to restrict the deduction for insurance premium on policies issued on or after 1st April, 2012 to up to 10% of the actual capital sum assured.. Provision not extended to AY 2013-14 It is proposed to include within the overall existing limits, preventive health check-up of self, spouse, dependent children or parent up to a limit of 5000/The age for defining a senior citizen for a higher deduction under this section has also been reduced to 60 Years from 65 Years Payment for preventive health check-up can be made in cash. The age for defining a senior citizen for a

80DDB

Deduction-Medical

01-04-2013

94

27

Treatment

AY2013-14

higher deduction under this section has also been reduced to 60 Years from 65 Years New section to disallow deductibility of cash donation exceeding Rs. 10000/New clause to disallow deductibility of cash donation exceeding Rs. 10,000/Qualifying deadline extended from 31-32012 to 31-3-2013 Amendment to definition of market value in relation to goods or services. New section to provide a deduction up to Rs. 10,000/shall be provided in respect of Savings Bank Interest It has been provided that provide that the provisions of newly inserted Chapter X-A shall apply even if such provisions are not beneficial to the assessee. Certificate of residence shall be required for claiming relief.

1.

Where income referred in Sections 193, 194A, 194C, 194D, 194G, 194H, 194I & 194J is credited to account of payee as on date up to which accounts are made, TDS has to be deposited in Government Account on or before 30th April of the next FY. With respect to payments under section 194C where the aggregate of the amounts paid/credited or likely to be paid/credited exceeds Rs. 75000 during the financial year, TDS has to be made. Also where any single sum credited/paid or likely to be credited/paid to Contactor or Sub-contractor exceeds Rs.30,000, TDS is to be made. An Individual or a Hindu Undivided Family whose total sales, gross receipts or turnover from business or profession carried on by him exceeds the monetary limits under Clause (a) or (b) of Sec.44AB during the preceding financial year shall also be liable to deduct tax u/s.194A,194C, 194H, 194I & 194J. No surcharge and education/higher education cess is to be added on tax deducted on non-salary payments made to resident tax payers. w.e.f. 01-10-2009 No deduction u/s 194C are required on payments to a contractor during the course of business of plying, hiring or leasing goods carriageson furnishing of his PAN u/s 194C. Nil rate is applicable if the transporter quotes his PAN. The Rate of TDS will be 20% in all cases, if PAN is not quoted by the deductee (including transporter) w.e.f. 01-04-2010 Deduction at lower or nil rate requires certificate u/s.197, which will take effect from the day it is issued. It cannot be used retrospectively. If TDS certificate is lost, duplicate may be issued on a plain paper giving necessary details marking it as duplicate. Even if the recipient of payment has shown it in his income-tax return and paid the taxes thereon, the deductor who has failed to deduct tax will be liable to pay interest and penalty.

2.

80G (5D)

DeductionsDonations

01-04-2013 AY2013-14

3.

80GGA (2A)

DeductionsDonations for Scientific Research/Rural Development Deductionsindustrial undertakings

01-04-2013 AY2013-14

4. 5.

80-IA(4)(iv)

01-04-2013 AY2013-14

6. 7. 8. 9.

80TTA

Deduction

01-04-2013 AY2013-14

90(2A)

Double Taxation Relief-Agreement

01-04-2013 AY2013-14

10. Consequences of Default Interest @ 1.00% p.m. from the date on which tax was deductible to the date of deduction. Interest @ 1.50% p.m. from the date on which tax is deducted to the date of its paid. Penalty equal to the tax that was failed to be deducted or remitted. In case of failure to remit the tax deducted, rigorous imprisonment ranging from 3 months to 7 years and fine can be levied. Failure to issue TDS certificate timely, to submit form 15H/15G timely or to furnish statement of perquisites in time or Failure to file Quarterly Statements timely shall attract penalty for each failure of Rs.100/- per day. Maximum penalty for each failure can be up to the amount of TDS/TCS. 11. Due date for furnishing TDS return for the last quarter of the financial year has been modified to 15th May from earlier 15th June.

90(4)

90(3)

01-10-2009

Any

term

as

per

28

93

Section

Nature of Payment

Rate Non Company %

Rate Company %

1 194J

2 Professional/ Technical charges/Royalty & Non-compete fees > Rs. 20,000 w.e.f. 01-07-2010 > Rs. 30,000 Payment to a Director by the company other than Salary w.e.f. 01-07-2012

3 10

4 10

Due Date for Depos it 5 -do-

Qtrly. Return

6 26Q

90A(2A)

Double Taxation Relief -Adoption of Agreement

01-04-2013 AY2013-14

Agreement defined in the notification in force shall have effect from the date of agreement. Provided that the provisions of newly inserted Chapter X-A shall apply even if such provisions are not beneficial to the assessee. Certificate of residence shall be required for claiming relief.

10

-do-

26Q

194LA

Compensation on acquisition of immovable property > Rs.1,00,000 w.e.f. 01-07-2012 Rs.2,00,000

10

10

-do-

26Q

01-06-2006

194LC

interest to Non resident from Indian company engaged in certain business. w.e.f. 01-07-2012 Payment on transfer of certain immovable property other than agricultural land. w.e.f. 01-10-2012 >50 lacs for specified area >25 lacs for others Interest from an Infrastructure Bond w.e.f. 01.06.2011 Payment to nonresidents

26Q

92(2A)

194LLA

NA

Avoidance of TaxComputation of income from international tranzaction

01-04-2013 AY2013-14

Any term as per Agreement defined in the notification in force shall have effect from the date of agreement. Provided that any allowance for an expenditure or interest or allocation of any cost or expense or any income in relation to the specified domestic transaction shall be computed having regard to the arms length price. Specified domestic transactions also brought under purview. Explanation added to clarify the definition of the expressions international transaction and intangible property.

194LB

-do-

26Q

195/19 6B/196 C/196D / 196E NOTES :

Rates in force

Rates in force

-do-

27Q

92B

Avoidance of TaxMeaning of International Tranzaction

01-04-2002 AY2002-03

92

29

92BA

Avoidance of TaxMeaning of Domestic Tranzactions Avoidance of TaxComputation of Arm Length price

01-04-2013 AY2013-14

New section to define meaning of specified domestic transaction. The central Govt has been conferred power to notify limit of allowable variation not exceeding 3% Provisions of the second proviso shall also apply to proceedings if pending as on the 1-10-2009 New clause to deny option for variation exceeding 5% A.O. shall have no power to assess or reassess under section 147 or pass an order enhancing the assessment or reducing a refund already made or otherwise increasing the liability under section 154 for any AY the proceedings of which have been completed before 110-2009 words international transaction or specified domestic transaction substituted for the words international transaction New sections introducing framework for

Section

Nature of Payment

92C(2)

01-04-2013 AY2013-14

1 194D

2 Insurance Commission > Rs. 5,000 w.e.f. 01-07-2010 > Rs. 20,000 Payments to nonresident sportsmen or sports associations w.e.f. 01-07-2012

Rate Non Compa ny% 3 10

Rate Compa ny% 4 20

Due Date for Deposit

Qtrly. Return

5 -do-

6 26Q

194E

10

10

-do-

26Q

92C(2)

01-10-2009

20 20 20

20 On the day of deduction 1 week from last day of the month of deduction -do26Q 26Q

92C(2A) 01-04-2002 AY2002-03 92C(2B) 01-07-2012

194EE 194F

Refund of NSS > Rs.2,500 Repurchase of units by MF/UTI

194G

Commission on sale of lottery tickets > Rs.1,000 Commission or Brokerage > Rs. 2,500 w.e.f. 01-07-2010 > Rs. 5,000 Rent of Machinery, Plant or Equipment > Rs. 1,20,000 w.e.f. 01-07-2010 > Rs. 1,80,000 Land, building (including factory building) or land appurtenant to a building (including factory building) or furniture or fittings

10

10

26Q

194H

10

10

-do-

26Q

194I

2%

2%

Chapter X

Avoidance of Tax

01-04-2013 AY2013-14

10%

10%

-do-

26Q

92CC 92CD

Avoidance of Taxadvance pricing agreement

01-07-2012

30

91

TDS CHART AY 2012-13, AY 2013-14

Section Nature of Payment Rate Non Compa ny% 3 Averag e rate Rate Compa ny% 4 Due Date for Deposit Qtrly. Return

advance agreement New Chapter X-A General AntiAvoidance Rule 95 Applicability 01-04-2013 AY2013-14

pricing

1 192 Salaries

5 1 week from last day of the month of deduction -do-

6 24Q

193

Interest on Securities > Rs.10,000 Interest on Debentures >2500 w.e.f. 01-07-2012 >5000/Deemed dividend u/s.2(22)(e) Dividends other than listed companies Interest other than Interest on securities > Rs.10,000 Lottery / Cross Word Puzzle > Rs. 5,000/w.e.f. 01-07-2010 > Rs. 10000/Winnings from Horse Race > Rs. 2,500/w.e.f. 01-07-2010 > Rs. 5,000/Contracts single > Rs. 20,000 aggregate > Rs. 30,000 w.e.f. 01-07-2010 single > Rs. 30,000 aggregate > Rs. 75,000

10

10

26Q

An arrangement entered into by an assessee may be declared to be an impermissible avoidance arrangement Definition and conditions under which an arrangement can be declared to be an impermissible avoidance arrangement Circumstances under which an arrangement shall be deemed to lack commercial substance Method determining of consequences in relation to tax Parties can treated as one. be

96

Definition and condition

194

20 -do-

26Q

194A

10

10 -do-

26Q

97
26Q

Lack of Commercial Sunstance

194B

30

30

-do-

194BB

30

30

-do-

26Q

98

Consequences

194C (1)

26Q -do1 2

99

Treatment of connected person and accommodating party Application

100
1 1 -do26Q

194C (2)

Sub-Contracts/ Advertisements

Chapter X-A can be applied in alternative to or in addition to any other basis of determination of tax liability of

101

Framing Guidelines

90

31

102 111A

Definitions Tax on Short Term Capital Gain 01-04-2009 AY2009-10 The percentage of tax was changed to 15% by Fin Act 2008, w.e.f. 01-4-2009. However perhaps by oversight the rate at the proviso to subsection (1) was not changed from 10% to 15%. Now this error has been rectified. Income received from the interest of the nature and extent referred to in section 194LC. Such income from interest shall be taxable at the rate of five per cent income received or receivable by an entertainer, who is not a citizen of India and is a non-resident, from his performance in India is also covered under the section Tax rate increased from ten per cent. to twenty per cent. Income by way of dividends received during the financial year 2012-2013 also covered now. 30% tax rates for incomes under said sections

DEPRECIATION RATES
The following are the prime depreciation rates under the Income Tax Act for the financial year 2011-12 & 2012-13 Sl No. 01 Asset Building: Residential Factory General Plant & Machinery Motor Car Motor Buses/Lorries Used In Hire Computers including Software Furniture Patents, Know-how, copyrights, licenses etc. Rate % 05 10 15 15 30 60 10 25

115A

Tax on dividends, royalty and technical service fees in the case of foreign companies.

01-07-2012

02 03 04 05 06 07

INCOME TAX RATES (Other than individuals and HUF)

Effective Income tax rate for the financial year 2011-12 & 2012-13 Sl. No. 1 2 3 4 5 Person / Assessee Partnership firms Domestic Company Foreign Company Local Authority Co-operative society Income up to Rs 10,000/Rs 10,000 to Rs 20,000/Rs 20,000 and above 2011-12 30% 30% 30% 30% 10% 20% 30% 2012-13 30% 30% 30% 30% 10% 20% 30%
Surcharge
2011-12 2012-13

115BBA (1)(c)

Tax on non-resident sportsmen or sports associations

01-04-2013 AY2013-14

Nil 5% 2% Nil Nil Nil Nil

Nil 5% 2% Nil Nil Nil Nil

115BBD

Tax on certain dividends received from foreign companies.

01-04-2013 AY2013-14

Note: 1.

Surcharge will be livable on asessee mentioned above if income exceeds Rs 1.00 crore. An education cess of 2% + Secondary & Higher Education Cess of 1% shall be charged over and above the tax and surcharge.

2.

115BBE

Tax on income referred to in Chapter VIAggregation of Income from section 68 to section 69D.

01-04-2013 AY2013-14

32

89

COST INFLATION INDEX (CII)

115JB

Minimum Alternate Tax (MAT)

01-04-2013 AY2013-14

Chart showing Cost Inflation Index for Long Term Capital Gain purpose from Financial Year 1981-82

Insurance, banking cos or power cos shall prepare its profit and loss account for the relevant previous year in accordance with the provisions of the Act governing such cos Book profit shall be increased by the amount standing in revaluation reserve relating to revalued asset on the retirement or disposal of such asset, if not credited to the profit and loss account.. Heading of the aforesaid Chapter substituted for the words PERSONS OTHER THAN A COMPANY in place of the words LIMITED LIABILITY PARTNERSHIPS so as to make the special provisions under the said Chapter relating to certain persons other than a company. Provided that where the regular incometax payable for a previous year by any person, other than a company, is less than the alternate minimum tax, the adjusted total income shall be deemed to be the

Sl.No 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15

Financial Year 1981-82 1982-83 1983-84 1984-85 1985-86 1986-87 1987-88 1988-89 1989-90 1990-91 1991-92 1992-93 1993-94 1994-95 1995-96

CII 100 109 116 125 133 140 150 161 172 182 199 223 244 259 281

Sl.No 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31

Financial Year 1996-97 1997-98 1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12

CII 305 331 351 389 406 426 447 463 480 497 519 551 582 632 711 785

Chapter XII-BA

Special provisions relating to certain LLPS

01-04-2013 AY2013-14

Example:

Date of Transfer /Sale = 15-02-2012 Sale Consideration = 2 lacs Cost of acquisition = 1.00 lacs Date of acquisition = 16-03-2004 Indexed Cost would be: 1.00 x (785/463) = Rs 1,69 lacs 115JC Tax by certain LLPS. 01-04-2013 AY2013-14

88

33

total income and income-tax rate shall be 18.50%. 115JD 115JE 115JEE Tax Credit for AMT Application Applicability to certain person 01-04-2013 AY2013-14 01-04-2013 AY2013-14 Consequent amendment Chapter XII-BA shall apply to a person who has claimed any deduction under any section (other than section 80P) included in Chapter VI-A under the heading C. Deductions in respect of certain incomes; or section 10AA Provisions not to apply If the adjusted total income of such person does not exceed 20 lakh rupees. Dividend received from subsidiary co and distributed by holding company are exempted from tax. Condition that such domestic co should not be a subsidiary of any other company removed. 115U Venture capital- tax on income in certain cases 01-04-2013 AY2013-14 Income on accrual basis now covered Miscellaneous amendments Increase in the amount of daily tonnage income of a qualifying ship.

NSC INTEREST TABLE

Accrued Interest per year on investment of Rs. 100/(To take benefit of Income Tax Act under section 80C) Till 1/1/99 15/1/00 1/3/01 1/3/02 1/3/03 31/12/9 to to to to to 308 14/1/00 28/2/01 28/2/02 28/2/03 112011 12.00 11.50 11.00 09.50 09.00 08.00 12.40 11.83 11.30 09.72 09.20 08.16 13.90 13.23 12.58 10.67 10.05 08.83 15.60 14.80 14.00 11.71 10.97 09.55 17.50 16.54 15.58 12.85 11.98 10.33 19.70 18.51 17.35 14.10 13.10 11.17 22.40 20.69 19.31 15.47 14.29 12.08 101.50 95.60 90.12 74.52 69.59 60.12 201.50 195.60 190.12 174.52 169.59 160.10

Year

On or after Dec2011 8.58 9.31 10.11 10.98 11.92 50.90 150.90

Rate% 1 2 3 4 5 6 Total
Maturity Amount with Interest

Note: The maturity period of a NSC of any denomination purchased on or after 0112-2011 shall be five years

Example: 1. Investment date Investment Amount = 26-02-2010 = 5000/-

115O

Tax on distributed profits of domestic companies

01-07-2012

The Amount of interest to be taken for deduction u/s 80C for the AY 2012-13 would be = 5000 x (8.16/100) = Rs. 408.00

2.

Investment date Investment Amount

= 16-03-2011 = 10000/-

The Amount of interest to be taken for deduction u/s 80C for the AY 2012-13 would be = 10000 x (8.00/100) = 800/-

115VG(3)

Computation of Tonnage Income

01-04-2013 AY2013-14

34

87

MAINTENANCE OF ACCOUNTS
1. In the instances of the following profession, maintenance of books of accounts is compulsory: - Legal - Medical (Form 3C has been prescribed as a Daily Case Register) - Engineering - Architectural - Accountancy -Technical Consultancy -Interior Decoration - Profession of Information Technology - Company Secretary - Authorised representative, and - Film Artist Other than above, maintenance of books of accounts is compulsory if: (a) If income exceeds 1.20 lacs or the turnover exceeds 10.00 lacs in any three year preceding the previous year , or (b) in the first year of the business, the turnover or income is expected to cross the above limit, or (c) Profit claimed in the following businesses is lower than the deeming provisions: - Profits and gains of business on presumptive basis u/s 44AD - Playing, Hiring or Leasing Goods Carriage u/s 44AE

139

Return of Income

01-04-2012 AY2012-13

Compulsory Filing for a resident person who have any asset (including any financial interest in any entity) located outside India Due date extended for filing return of income in case of all the persons who are required to furnish a report referred to section 92E

140A

Self Assessment

01-04-2013 AY2013-14

2.

143 (1D)

Assessment

01-07-2012

Credit available to be set off in accordance with the provisions of section 115JD will also be taken into account for the purposes of computing tax payable, and interest chargeable under sections 234A and 234B, before furnishing the return of income Processing of a return shall not be necessary, where a notice has been issued for scrutiny of the return to the assessee under subsection (2) Non applicability of section 10(23C) if commercial receipts of the trusts etc exceeds the limit specified.

143(3)

01-04-2009 AY2009-10

86

35

144BA

Reference to Commissioner in Certain cases

01-04-2013 AY2013-14

Assessing Officer if Considers necessary can invoke provisions of the newly inserted Chapter X-A Anti Avoidance Rules by referring the matter to the CIT Now AO can override time limit of completion of assessment in case of search or requisition Power of the Dispute Resolution Panel to enhance the variation shall include and shall be deemed always to have included the power to consider any matter arising out of the assessment proceedings relating to the draft order, notwithstanding that such matter was raised or not by the eligible assessee. Provisions not apply to an assessment or reassessment order passed by the A.O. with the approval of the Commissioner under section 144BA Time Limit shall not apply to any income in relation to any asset (including financial interest in any entity) located outside India.

Fill in details from the intimation sheet which will be verified to ascertain that only the taxpayer in possession of the Intimation from CPC would be able to submit a rectification request. Step 9: Fill in details of Schedules where changes have been made and reasons for seeking rectification. Fill in due date for filing return, if incorrect as per intimation sheet. Leave blank if not applicable. Fill in details which are not available in the return form such as details of 80G donations (not available in ITR forms for 1, 2 and 3) and Quarterwise details of Capital Gains (all four types- which is not available in ITRs 2, 3, 4, 5 and 6 for AY 2009-10) only if applicable. Leave blank if not applicable. Please note if your address has been changed in the rectification XML file, you should check the address changed checkbox to ensure that the new address is updated else the old address as per e-return only will be used. Step 10: Now upload the Rectification XML file. Validations will be done to ascertain that only mistakes apparent from record are sought to be rectified Step 11: Upon successful upload, Rectification Request number and acknowledgement will be displayed. In case Bank Account Number is changed in rectification XML as compared to Bank Account number as per e-return then the rectification request is only PROVISIONALLY uploaded. A response sheet will be displayed, which has to be filled and a cancelled cheque attached and sent to CPC Bangalore. Only upon receipt of this response sheet at CPC Bangalore will the Rectification Request be finally accepted and acknowledgement generated Step 12: The rectification request can be withdrawn within 7 days if uploaded by mistake or the request needed to be amended. Only one rectification request can be submitted at any time. Any rectification request after submission has to be processed at CPC before the next rectification request for the same PAN and AY can be submitted. Step 13: The rectification request will be processed at CPC and either the rectification order under Section 154 will be issued or the request would be rejected.
85

144C

Reference to Dispute resolution panel

01-10-2009

01-04-2009

01-04-2013 AY2013-14

147

Incoming Escaping Assessment

01-07-2012

36

RECTIFICATION OF MISTAKES How to submit an Online Rectification request

Step 1: Make sure you have received an intimation under section 143 (1) from CPC Bangalore for the E-returns filed by you for AY 2009-10 or later. Step 2: Carefully examine the intimation to see if the computation by CPC is correct even if different from what was expected by you. It may be that you may have computed tax liability or interest incorrectly. Step 3: Carefully review the Common Error guide and the table above to understand as the basic reason for the variation. Step 4: Since the Rectification Request is to be submitted by uploading the complete xml file similar to uploading the original return, it may be preferable to start with the saved e-return data that was prepared by the return preparation utility/software (Department provided excel software or other software), in case it is available with the taxpayer. Step 5: All errors in data entry should be completely corrected and schedules or fields left blank should be filled accurately as explained in the guide. The complete return should be filled including TDS and Tax payment schedules and not only schedules that need change or the fields that need correction. This is because the entire return with corrected data would be re-processed under rectification. However, there should not be any revision in income figures or new claims since then the rectification request would be rejected or rectification would be delayed. It may be clearly noted that this facility is only for correcting mistakes apparent from record. Step 6: After the Return data is corrected then the xml can be generated. This is the Rectification XML file. Step 7: Log in to http://incometaxindiaefiling.gov.in and go to My Account-> Rectification-> Rectification upload Step 8:
84

Cases of failure to furnish a report in respect of any international transaction under section 92E also covered under this section Income shall be deemed to have escaped assessment where a person is found to have any asset (including financial interest in any entity) located outside India. Time Limit increased to 16 years and for agent of a nonresident, six years. Time Limits and Exclusions revised.

149

Time Notice

Limit

for

01-07-2012

153

153A

Time limit for completion of assessments and reassessments. Assessment in case of search or requisition.

01-07-2012 01-04-2013 01-07-2012

Central Government to notify cases or class of cases in which the Assessing Officer shall not issue notice for initiation of proceedings for preceding 6 assessment years. However, action for completion of assessment proceedings for the assessment year relevant to the previous year in such class of cases in which search or requisition has been made would be

37

153B(1)

Time limit for completion of assessment in search or requistion

01-07-2012

taken. This would result in initiating assessment proceedings only for the assessment year relevant to the previous year in which search or requisition has been made. Time Limit increased by three months Period of exclusion/limitation extended under various instances Central Govt. may specify the class or classes of cases in respect of such other person, in which the Assessing Officer shall not be required to issue notice for initiation of proceedings for preceding 6 AY. TDS Processing now also covered under rectification Interest on specified debentures shall not be subject to TDS in the hands of HUF also. Limit increased from Rs. 2500/- to Rs. 5000/-

Format of application to bank for challan correction to be requested by the taxpayer To The Branch Manager, --------------------------- (Address of Branch) Taxpayer Details : Taxpayer Name : Taxpayer Address : Taxpayer TAN/PAN : Name of Authorized Signatory : (in case of non-individual taxpayer) Sub : Request for Correction in Challan No: 280/281/282/283

Sir/Madam, I request you to make corrections in the challan data as per following details : Challan Details: BSR Code

153C

Assessment of income of any other person.

01-07-2012

Challan Tender Date (Cash/Cheque Deposit Date)

Challan Sl. No.

154 156 193(v)

Rectification of mistake Notice of Demand Interest securities on

01-07-2012

01-07-2012

Sl No 1 2 3 4 5 6

Fields in which correction required TAN/PAN (10 digit) Assessment Year (YYYY) Major Head code (4 digit) Minor Head code (3 digit) Nature of Payment (3 digit) Total Amount (13 digit)

Please Tick

Original Details

Modified Details

Sd/ Tax Payer/Authorized Signatory Date:

Note: 1. Attach copy of original challan counterfoil. 2. In case of correction to challan 280, 282, 283 attach copy of PAN card. 3. In case of a non-individual tax payer, attach the original authorization with seal of the nonindividual tax-payer. 4. The request form for correction is to be submitted in duplicate to the bank branch. 5. A separate request form is to be submitted for each challan.

194E

Payments to nonresident sportsmen or sports associations.

01-07-2012

Rate increased from 10% to 20% non-resident entertainer who is a

38

83

ii. iii.

iv.

v.

vi.

Any combination of correction of Minor Head and Assessment Year together is not allowed. PAN/TAN correction will be allowed only when the name in the challan matches with the name as per the new PAN/TAN. The change of amount will be permitted only on the condition that the amount so corrected is not different from the amount actually received by the bank and credited to Govt. Account. For a single challan, correction is allowed only once. However, st where 1 correction request is made only for amount, a 2nd correction request will be allowed for correction in other fields. There will be no partial acceptance of change correction request, i.e. either call the requested changes will be allowed, if they pass the validation, or no change will be allowed, if any one of the requested changes fails the validation test.

non-citizen covered

also

194J

Fees for Professional or technical services

01-07-2012

Payment to a director of a company any sum by way of any remuneration, fees or commission which is not a salary shall also attract TDS of 10% Limit increased from Rs. 1 lacs to Rs. 2 lacs. New section for TDS to be deducted by transferee @ 1% on transfer of immovable property other than agriculture land. Consideration Limit for No TDS shall be less than Rs. 50 lacs and less than Rs. 25 lacs for specified or non specified area. Transfer shall not be registered unless TDS is paid. TAN shall not be required for deductor TDS @ 5% on interest payable to a non-resident/foreign co. where interest is payable in respect of any monies borrowed at any time on or after the 1st day of July, 2012 but before the 1st day of July, 2015

194LA

Compensation on acquisition of certain immovable property. Payment on transfer of certain immovable property other than agricultural land.

01-07-2012

Procedure: i. The tax-payer has to submit the request form for correction (in duplicate) to the concerned bank branch. ii. The tax-payer has to attach copy of original challan counterfoil. iii. In case of correction desired for challans in Form 280, 282, 283, the copy of PAN card is required to be attached. iv. In case of correction desired for payments made by a tax-payer (other than an individual), the original authorization with seal of the non-individual taxpayer is required to be attached with the request form. v. A separate request form is to be submitted for each challan. Procedure of challan correction by Assessing Officers (both physical and e-payment challans) After the window period available to banks for challan correction, the assessee can make a request for correction to his or her assessing officer, who is authorized under the departmental OLTAS application to make such correction in challan data in bonafide cases, to enable credit of the taxes paid, to the concerned assessee.

194LAA

01-10-2012

194LC

Interest from Indian Co. engaged in certain business.

01-07-2012

82

39

197A

No deduction to be made in certain cases

01-07-2012

Qualifying age reduced for an individual resident from sixty-five years to sixty years. Person who fails to deduct or pay on the payment to a resident shall now not be deemed to be an assessee in default in respect of such tax if such resident (i) has furnished his return of income under section 139; (ii) has taken into account such sum for computing income in such return of income; and (iii) has paid the tax due (iv) furnishes a Certificate from CA Interest shall be payable from the date on which such tax was deductible to the date of furnishing of return of income by such resident. Period of Limitation extended to 6 years from 4 years.

RECTIFICATION OF CHALLANS
Challan Correction Mechanism Under OLTAS (On Line Tax Accounting System), the physical challans of all Direct Tax payments received from the deductors / taxpayers are digitized on daily basis by the collecting banks and the data transmitted to TIN (Tax Information Network) through link cell. At present, the banks are permitted to correct data relating to three fields only i.e. amount, major head code and name. The other errors can be corrected only by the assessing officers. New Procedure of challan correction by banks (for physical challans): To remedy this situation, a new Challan Correction Mechanism for physical challans has been put in place. Under this mechanism, for income tax payments made on or after 1.9.2011, the following fields can be got corrected through the concerned bank branch: _ Assessment Year _ Major Head Code _ Minor Head Code _ TAN/PAN _ Total Amount _ Nature of payment (TDS Codes) The time window for the correction request by tax payer is as follows : S No Correction required in Field name Period of Correction Request (from Challan Deposit Date) 7 Days 7 Days 7 Days Within 3 Months

201

Consequences of failure to deduct or Pay

01-07-2012

01-04-2010

1 2 3 4

204

Person responsible for paying

01-07-2012

On payments/credit by or on behalf of the Central Government or State Government Person responsible shall be DDos or any person responsible called by whatever name.

TAN/PAN Assessment Year Amount Other fields (Major head, Minor head, Nature of payment)

The time window for correction by the bank is 7 days from the date of receipt of correction request from the tax-payer. Conditions: The changes can be made by the banks, subject to following conditions: i. Correction in Name is not permitted.

40

81

If somebody elses refund cheque / advice is delivered to me what should I do? You should contact SBI at the following address and return the refund cheque / advice. Cash Management Product State Bank of India SBIFAST 31, Mahal Industrial Estate, Off Mahakali Caves Road, Andheri (East) Mumbai 400 093 Phone Number: 18004259760 or email at itro@sbi.co.in Is there any method available to know whether the refund record has been generated for the taxpayer? The taxpayer can track the status of its refund from the NSDL-TIN website www.tin-nsdl.com by clicking on Status of Tax Refunds. Refund status can be tracked by entering the PAN and Assessment Year for which refund is to be tracked. Status of the refund can also be tracked by contacting the help desk of SBI at 080-26599760. Whom do I contact for queries related to payment of refund which has been processed by ITD? For any payment related query the taxpayer should contact SBI at 18004259760 or email at itro@sbi.co.in. Whom should I contact for refund related queries? For any refund related query the tax payer should contact Aaykar Sampark Kendra at 0124 2438000 or email at refunds@incometaxindia.gov.in. For refund related query/ or any modification in refund record relating to Return processed at CPC Bangalore, the CPC may be contacted by the taxpayer on 1-8004252229 or 080-22546500, 43456700.

206C

Profits and gains from the business of trading in alcoholic liquor, forest produce, scrap, etc

01-07-2012

Minerals, being coal, lignite or iron ore included now

206C(1D)

Cash sale of jewellery/bullion exceeding Rs. 2 lacs to attract TCS @ 1% Consequences of failure to collect or pay on the lines as proposed in section 201

207

Advance Tax

01-04-2012

209

Computation advance tax

of

01-04-2012

234A, 234B, 234C

Interest

01-04-2013 AY2013-14

The liability for Advance Tax shall not apply to individual resident who does not have any income chargeable under the head Profits and gains of business or profession and is of the age of sixty years or more at any time during the previous year. In computing Advance Tax payable credit for TDS not be given if income has been received without TDS/TCS Reduction of tax credit allowed to be set-off under section 115JD from the tax due on the returned income

80

41

234D

Interest on Excess Refund

01-06-2003

234E

Fee for defaults in furnishing statements

01-07-2012

Section shall also apply to an assessment year commencing before the 1st day of June, 2003 if the proceedings in respect of such assessment year is completed after the said date. Fee @ Rs. 200/- per day along with return to be paid for late filing of TDSTCS Returns. For the purpose, a person shall be deemed to have substantial interest, if such person is beneficial owner on the date of search Fee increased from two thousand five hundred rupees to ten thousand rupees or such higher fee as may be prescribed The deductor may also make an appeal against an intimation of TDS processing under section 200A. Order of assessment or reassessment passed with approval of Commissioner under section 144BA(12) or any order under section 154 or section 155 shall not be

245C

Application for settlement of cases

01-07-2012

245Q

Application advance ruling

for

01-07-2012

I have received the physical ECS refund advice and status of refund is paid on website of refund status track but my account has not been credited. Whom do I contact? In case credit is not effected in the taxpayer account through ECS but the refund advice has been received by the taxpayer and the status shown is paid- in that case, the tax payer should contact his bank or SBI. You should contact SBI at the following address. Cash Management Product (CMP) State Bank of India SBIFAST 31, Mahal Industrial Estate Off Mahakali Caves Road Andheri (East) Mumbai - 400 093. Phone Number: 18004259760 or email at itro@sbi.co.in I have neither received the physical ECS refund advice and status of refund is unpaid on website track. Whom do I contact? The tax payer should provide the correct account number and MICR code to concerned Assessing officer, where credit is to be effected. The Assessing Officer will inform SBI to send a fresh refund cheque to the taxpayer. If the date of encashing the refund cheque expires, whom should I contact? The tax payer should contact their Assessing Officer as well as CMP SBI at the below address: Cash Management Product (CMP) State Bank of India SBIFAST 31, Mahal Industrial Estate Off Mahakali Caves Road Andheri (East) Mumbai - 400 093. Phone Number: 18004259760 or email at itro@sbi.co.in How do I rectify any mistakes in the name, assessment year, PAN, account number printed on the refund cheque delivered to me? In case of any mistakes on the refund cheque delivered to you, the following should be done: (i) Send the original refund cheque to CMP, State Bank of India at SBIFAST 31, Mahal Industrial Estate, Off Mahakali Caves Road, Andheri East, Mumbai - 400 093, Phone Number: 18004259760, along with a letter informing the mistakes on the refund cheque. (ii) Send a copy of the letter along with a copy of the refund cheque to your Assessing Officer. (iii) Retain a copy of the letter and refund cheque with you.

246A

Appealable orders before Commissioner (Appeals).

01-07-2012

01-04-2013 AY2013-14

42

79

FREQUENTLY ASKED QUESTIONS:

From which date the refund banker has been implemented? The refund banker has been implemented from January 24, 2007. In which cities the refund banker has been implemented ? The refund banker facility is operational for non-corporate taxpayers assessed all over India. Who will send the refund to me? The State Bank of India (SBI) is the refund banker to the Income Tax Department (ITD). The Cash Management Product department of SBI (CMP SBI) processes the refunds under the refund banker scheme. Details of refunds are forwarded to CMP SBI by the ITD. CMP SBI processes the refunds and sends the refund intimation to the taxpayer. How will the refund be sent to me? Refunds are generated in two modes i.e., ECS and paper . If the taxpayer has selected mode of refund as ECS (direct credit in the bank account of the taxpayer) at the time of submission of income return the taxpayers bank A/c (at least 10 digits ) and MICR code of bank branch and communication address are mandatory . For taxpayers who have not opted for ECS refund will be disbursed by cheque or demand draft. For generation of refund through paper cheque bank account no, correct address is mandatory. How can I know the status of my refund? The taxpayer can track the status of its refund from the Departmental Website www.incometaxindia.gov.in/ NSDL-TIN website www.tinnsdl.com by clicking on Status of Tax Refunds. Refund status can be tracked by entering the PAN and Assessment Year for which refund is to be tracked. Status of the refund can also be tracked by contacting the help desk of SBI's at toll free number: 18004259760 or email at: - itro@sbi.co.in. If I have shifted my residence whom should I contact for updating my correspondence address for receipt of refund? The tax payer should contact its Assessing Officer and inform about the change in the correspondence address. If my bank account has been closed how will I get refund credit into the account? In case of change or updation in the bank account number the taxpayer should provide the correct account number along with the MICR code where credit is to be effected to the Assessing Officer. Whom do I contact if the refund dispatched has not been received? The tax payer can contact its local post office with the speed post ref no displayed at the NSDL-TIN website 01-10-2009

appealable Order passed under section 153A in pursuance of directions of Dispute Resolution Panel shall not be appealable Appeal against the order of penalty u/s 271AAB can also be made. Order passed under section 153A, 153C in pursuance of directions of Dispute Resolution Panel or related order under section 154 shall be appealable Order of assessment or reassessment passed with approval of Commissioner under section 144BA(12) or any order under section 154 or section 155 shall be appealable Commissioner may direct and AO can appeal against the order passed by him in pursuance of the directions of the Dispute Resolution Panel.

01-07-2012

253

Appeals to the Appellate Tribunal.

01-10-2009

01-01-2013 AY2013-14

01-07-2012

271

Penalty for failure to furnish return, comply with notice,

01-01-2013 AY2013-14

Explanation 7 amended so as to include therein the

78

43

concealment income, etc.

of

reference of a specified domestic transaction 01-07-2012 Penalty extended to case where such person fails to report such transaction or maintains or furnishes an incorrect information or document Specified domestic transactions also covered Section not to apply where a search has been initiated on or after the 1st day of July, 2012 New section to deal with penalty in search cases. Penalty shall be based on the cooperation and compliances by the assessee. Penalty may go up to 90% of the undisclosed income. Penalty for late filing of TDS/TCS Returns or incorrect statements in the range of 10000/- to 1 lacs. Consequent to amendment of section 271H

TRACK STATUS OF - INCOME TAX REFUND

271AA

Penalty for failure to keep and maintain information and document, etc.,

The 'Refund Banker Scheme,' which commenced from 24th Jan 2007, is now operational for Non-corporate taxpayers assessed all over India. In the 'Refund Banker Scheme' the refunds generated on processing of Income tax Returns by the Assessing officers/ CPC-Bangalore are transmitted to State Bank of India, CMP branch, Mumbai (Refund Banker) on the next day of processing for further distribution to taxpayers. i. Refunds are being sent in following two modes: RTGS / NECS: To enable credit of refund directly to the bank account, Taxpayer's Bank A/c (at least 10 digits), MICR code of bank branch and correct communication address is mandatory. Paper Cheque: Bank mandatory. Account No, Correct address is

01-01-2013 AY2013-14

ii.

01-04-2012

Taxpayers can view status of refund 10 days after their refund has been sent by the Assessing Officer to the Refund Banker - by entering 'PAN' and 'Assessment Year' below. Other Refunds Status of 'paid' refund, being paid other than through 'Refund Banker,' can also be viewed at www.tin-nsdl.com by entering the 'PAN' and Assessment Year' below. 'Refund paid' status is also being reflected in the 'Tax Credit Statements' in Form 26AS. Tax payers can check their status at the following link https://tin.tin.nsdl.com/oltas/refundstatuslogin.html Please enter your Permanent Account Number and Assessment Year for which status of refund is to be tracked. Permanent Account Number (PAN) Assessment Year
Submit
2011-2012

271AAB

Penalty where search has been initiated

01-01-2013 AY2013-14

271H

Penalty for failure to furnish statements, etc.

01-07-2012

272A

Penalty for failure to answer questions, sign statements, furnish information, return or statement, allow inspections, etc.

01-07-2012

Note: The process of request for re-sending of CPC-Intimation u/s 143(1)/154 and refund is now available in 'My Account' option

44

77

correction in PAN data'. This request can be made either online or through the existing network of TIN-FCs. Details are available at the TIN website. Whom can the PAN holder contact in case of any clarifications which have not been resolved by the deductor of the bank? PAN holder can contact TIN Call Centre, National Securities Depository Limited, 3rd Floor, Sapphire Chambers, Near Baner Telephone Exchange, Baner, Pune 411 045. Tel: 020 2721 8080. Fax: 020 2721 8081. Email: tininfo@nsdl.co.in

273B

Penalty not to be imposed in certain cases Wilful attempt evade tax, etc to

01-07-2012

Consequential, to include section 271H

276C

01-07-2012

276CC

Failure to furnish return of FBT

01-07-2012

277

False statement in verification, etc.

01-07-2012

Relief has been provided from imprisonment by increasing the limit of amount sought to be evaded from 1 lacs to 25 lacs and to reduce the maximum imprisonment of three years to two years. Relief has been provided from imprisonment by increasing the limit of said amount from 1 lacs to 25 lacs and to reduce the maximum imprisonment of three years to two years. Relief has been provided from imprisonment by increasing the limit of said amount from 1 lacs to 25 lacs and to reduce the maximum imprisonment of three years to two years. Max imprisonment reduced from three years to two years Increase in the limit of amount of tax, penalty or interest evaded from one 1 lacs to 25 lacs and
45

277A

Falsification of books of account or document, etc.

01-07-2012

278

Abetment of false return, etc.

01-07-2012

76

280A, 280B, 280C 280D

New provisions for Expediting prosecution proceedings under the Act

01-04-1976 AY1976-77

max imprisonment reduced from three years to two years New sections relating to Special Courts, offences triable by Special Court, trial of offences as summons case and application of the CPC to proceedings before Special Court. (i) it shall not be necessary to issue an authorisation under section 132 or make a requisition under section 132A separately in the name of each person; (ii) where an authorisation or a requisition has been made mentioning therein the name of more than one person, it shall not be deemed to construe that it was issued in the name of an AOP or BOI consisting of such persons. (iii) the assessment or reassessment shall be made separately in the name of each of the persons mentioned in such authorisation or requisition.

The possible reasons for incorrect credits in Form 26AS can be on account of wrong data provided by the deductor in the quarterly TDS/TCS statement. You may request the deductor to rectify the TDS/TCS statement using prescribed correction statement. What are the possible reasons for no credits in Parts A/B of my Form 26AS? The possible reasons for no credit being displayed in your Form 26AS can be: a. Deductor/collector has not filed his TDS/TCS statement; b. You have not provided PAN to the deductor/collector; c. You have provided incorrect PAN to the deductor/collector; d. The deductor/collector has made an error in quoting your PAN in the TDS/TCS return; e. The deductor/collector has not quoted your PAN; f. The details of challan against which your TDS/TCS was deposited was wrongly quoted in the statement by the deductor or wrongly quoted in the challan details uploaded by the bank. To rectify these errors you may request the deductor: 1. to file a TDS/TCS statement, if it has not been filed; 2. to rectify the PAN using a PAN correction statement in the TDS/TCS statement that has been already uploaded if it has made an error in the PAN quoted; 3. to furnish a correction statement if the deductor had filed a TDS/TCS statement and had inadvertently missed providing your details or you had not given your PAN to him before he filed the TDS/TCS return; 4. to furnish a correction statement if the deductor had filed a TDS/TCS statement which had mistake in the challan details; 5. to take up with the bank to rectify any mistake in the amount in the challan details uploaded by the bank. What should I do in case there are entries in my Form 26AS that do not pertain to me? In case this is on account of TDS/TCS credit, you may intimate the deductor/collector. In case this is on account of advance tax/self assessment tax, you may intimate your assessing officer. Can negative ('-') entries appear in Form 26AS? If there is any error is in the TDS/TCS statements or in the challan details uploaded by the bank and the same has been rectified, the original credit entry will be reversed by way of a debit entry in Form 26AS and a new credit entry (if applicable) will be posted. Can changes be made to the name and address of the PAN holder displayed in Form 26AS? If PAN holder details are incorrect, the same can be updated by making an application using the 'Request for new PAN card or/and changes or

292CC

Authorisation and assessment in case of search or requisition.

01-04-1976 AY1976-77

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75

The name and address in the annual tax statement against your PAN is taken from the Income Tax Department (ITD) PAN database. In case this address in the PAN database available with ITD is not your current address, the annual tax statement which is proposed to be printed and posted to you every year will not reach you. If you need to update your name and address in the PAN database, you can rectify the same by making an application using the 'Request for new PAN card or/and changes or correction in PAN data'. This request can be made either online or through the existing network of TIN-FCs. Details are available at the TIN website. How can any deductor verify the status of the TDS/TCS statements furnished by him? The deductor can use the TAN view facility available at TIN website to verify both upload and booking status of the TDS/TCS statement uploaded by it. What are the conditions under which advance tax/self assessment tax paid in the bank may not reflected in Part C of Form 26AS. This could be because: a) your PAN was not properly quoted in the tax payment challans or b) the bank has made error in entering the PAN while digitizing the challan data or c) the bank has failed to upload the digitized information to TIN. You can use the challan status enquiry facility provided at TIN website to verify whether a challan bearing the Challan Identification Number (CIN) given in the counterfoil available with you has been uploaded to TIN. If the PAN as seen in this uploaded data is not your PAN, you may take up with your Assessing Officer for rectification of PAN. In case the bank has not uploaded the details with respect to your deposit of tax, you may take up with your bank so that this information is uploaded. What if amount of advance/self assessment tax paid in the bank is incorrectly reflected in Part C of Form 26AS? This could be because the bank has made error in data entry. You should take up the matter with your bank for rectification of amount. What if the Challan Identification Number (CIN) of the advance/self assessment tax paid in the bank (as given in Part C of Form 26AS) does not match with the CIN in the challan counterfoil available with me? You may quote this CIN that is quoted in Form 26AS in your tax return. What are the possible reasons for incorrect amount of credits being displayed in Part A/B of my tax statement?
74

WEALTH TAX
Section 2(ea) Subject Inclusion of House allotted by a company w.e.f. 01-04-2013 AY2013-14 Changes Gross annual salary limit of employee or an officer or director who is in the whole time employment from five lakh rupees to ten lakh rupees. Limitation shall not apply to where any net wealth in relation to any asset (including financial interest in any entity) located outside India chargeable to tax, has escaped assessment Time Limit to be increased by three more months.

17

Wealth escaping Assessment

01-07-2012

17A

Time Limit completing Assessment/ Reassement

for

01-07-2012

45

01-04-1957

RBI excluded from the Tax

Clause 113 of the Bill seeks to provide for validation of demand, etc. under Income-tax Act, 1961 in certain cases in respect of income accruing or arising through or from the transfer of a capital asset situate in India in consequence of transfer of a share or shares of a company registered or incorporated outside India or in consequence of any agreement or otherwise outside India This clause will take effect from the date on which this Bill receives the assent of the President

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EXEMPTION FROM FILING RETURN TO SALARIED EMPLOYEES

Sl Notification Assessment Year 2012-13 9/2012 F.No.225/283/2011-ITA (II) Dated: February 17, 2012 Individual with income not exceeding 5 lacs and income is from following two sources only: (a) Salaries and (b) Saving Bank interest not exceeding Rs. 10000/Assessment Year 2011-12 36/2011/F NO. 142/09/2011 Dated. 23-06-2011 Individual with income not exceeding 5 lacs and income is from following two sources only: (a) Salaries and (b) Saving Bank interest not exceeding Rs. 10000/(a) Employee to report PAN to Employer (b) Employee to report the amount of saving bank interest to Employer and employer has considered it in Form 16 and deducted tax (if any). Employee receives Form16 from Employer. Employee has no tax to pay or no refund to claim. Employee has received salary from only one employer No notice under section 142 (1) or section 148 or section 153A or section 153C of the incometax Act has been issued to Employee for filing a return of income

How is my Form 26AS updated after my deductor deducts my tax? As and when TDS/TCS statements furnished by the deductors are uploaded to TIN central system, challan information from the statements and the challan information from bank uploads are matched and Form 26AS is updated. This is a daily activity. As per the Income Tax Act, the deductors/collectors are required to file their TDS/TCS statements every quarter. This means that within about 15 days of the deductors filing quarterly e-TDS/TCS statement, the TDS/TCS entries will be posted in the tax statement which is available in the TIN website. How is Form 26AS useful for me? The credits available in the tax statement confirm that: a) the tax deducted/collected by the deductor/collector has been deposited to the account of the government; b) the deductor/collector has accurately filed the TDS/TCS statement giving details of the tax deducted/collected on your behalf; c) bank has properly furnished the details of the tax deposited by you. In future, you will be able to use this consolidated tax statement (Form 26AS) as a proof of tax deducted/collected on your behalf and the tax directly paid by you along with your income tax return, after the need for submission of TDS/TCS certificates and tax payment challans along with income tax returns has been dispensed with by the Income Tax Department (ITD). However, as of now for claiming the credit for tax deducted/collected at source you may be required to enclose TDS/TCS certificates (Form 16/16A) issued to you by the deductor. In addition to the above, you can also view the details of paid refund received during the financial year. What happens if my PAN is not correctly provided in the TDS/TCS statement filed by my deductor? In such cases the details of TDS/TCS cannot be posted into your Form 26AS. Therefore it is important to provide your PAN to all the entities who deduct/collect tax on your behalf. What happens if I have not given my PAN in the tax payment challan used for depositing my advance/self assessment tax? In such cases, the tax payment details will not be posted in Form 26AS. Therefore, it is important for you to correctly state your PAN in your tax payment challans. What is the source of the information like my name and address given in the Form 26AS?

1.

Class Person

of

2.

Conditions

(a) Employee to report PAN to Employer (b) Employee to report the amount of saving bank interest to Employer and employer has considered it in Form 16 and deducted tax (if any). Employee receives Form16 from Employer. Employee has no tax to pay or no refund to claim. Employee has received salary from only one employer No notice under section 142 (1) or section 148 or section 153A or section 153C of the incometax Act has been issued to Employee for filing a return of income

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similar to those displayed in Part A in respect of the seller and the tax collected will also be available. Part C displays details of income tax directly paid by you (like advance tax, self assessment tax) and details of the challan through which you have deposited this tax in the bank. How are the details of TDS/TCS with respect to non-governmental deductors posted in Form 26AS? Every non-governmental entity that has deducted or collected tax at source is required to deposit the tax to the government account through a bank. Banks will upload this payment-related information to the TIN central system. These deductors are also required to file a quarterly statement to TIN giving the details of their TDS/TCS. The TIN central system will match the tax payment-related information in the statement with the tax receipt information from the banks. If both of these match, TIN will create a comprehensive ledger for each PAN holder giving details of the tax deducted/collected on its basis by every deductor who has filed the statement. How are the details of TDS/TCS with respect to government deductors posted in Form 26AS? As in the case of non-governmental deductors, government deductors are required to deduct/collect tax at source and deposit to government account. In this case, however, the tax is transferred to the government account through a book-entry and not deposited through banks. These deductors are also expected to file the TDS/TCS statement in electronic form to TIN. As the system for the government account officers to upload the details of TDS/TCS deposit through book entry transfer is under implementation, the TDS/TCS details with respect to government deductors are not posted in Form 26AS at present. How are the details of income tax directly deposited in the banks by the taxpayers posted in Part C of Form 26AS? Whenever you as a tax payer deposit your advance tax/self assessment tax directly to bank, the bank will upload this information to the TIN central system three days after the cheque has been cleared. This information will be posted in Part C of your Form 26AS. How is my Form 26AS updated when I pay my Self Assessment/Advance Tax? Banks upload challan details to TIN on a T+3 basis after the realization of the tax payment cheques. On the day after the bank uploads the details of self assessment/advance tax to TIN, it will post these details into your Form 26AS.

STATUS TRACKING AT CPC BANGLORE

Income Tax Department hosts following tracking services at the e-filing website. These are available from the 'Services' menu on the Menu Bar on top. The services are available without requiring any login (and are also available under 'My Account' as well) Those new services are: 1. ITR-V Receipt status at CPC Bangalore. One can Use this query to find out if the ITR-V sent by you has been received in CPC. The status can be tracked either by PAN and Assessment Year or by eFiling Acknowledgement Number https://incometaxindiaefiling.gov.in/portal/Services.do?screen=itr vReceiptStatus 2. Refund failure status out of refunds issued or to be issued at CPC Bangalore One can use this query to find out if refund could not be issued due to missing/incorrect mandatory fields or if the refund was returned due to reasons such as address not found, etc. Please note that, if the query does not fetch any details, it implies that either the e-return has not been processed so far, or no refund was due, or refund has been delivered successfully. https://incometaxindiaefiling.gov.in/portal/Services.do?screen=cp cRefundStatus 3. Processing status of e-Returns from CPC Bangalore One can use this query to find out if your e-return has been processed at CPC. The status can be tracked either by PAN and Assessment Year or by eFiling Acknowledgement Number https://incometaxindiaefiling.gov.in/portal/Services.do?screen=cp cProcessStatus

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Password Reset and Link Activation

For password reset and link activation, please send login credentials to validate@incometaxindia.gov.in. Mails pertaining to these subjects will not be entertained at any other mail id. Please send your request only once. Repetitive mails will be rejected.

13. State Bank of Mysore 14. State Bank of Travancore 15. The Federal Bank Limited 16. UCO Bank 17. Union Bank of India 18. Bank of Baroda 19. Karnataka Bank 20. The Saraswat Co-operative Bank Limited 21. City Union Bank Limited 22. State Bank of Patiala Iii View Tax Credit (Form 26AS) from TIN website The facility is available to PANs that are registered with Tax Information Network for view of 26AS statement. The PAN holder has to fill up an online Registration form for such purpose. Thereafter, verification of PAN holder's identity is done by the TIN-Facilitation Centre personnel either at PAN holder's address or at the TINfacilitation center that has been chosen by the PAN holder. The verification involves a cost at prescribed rates. Once authorised, the PAN holder can view Tax Credit Statement online.

CPC- Processing of ITRs and Mismatch in TDS

CENTRALISED PROCESSING OF RETURNS SCHEME, 2011 NOTIFICATION NO.2/2012[F.NO.142/27/2011-SO (TPL)], DATED 4-12012 In exercise of the powers conferred by sub-section (1A) of section 143 of Income Tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby specifies the following scheme for processing of returns of income, namely:1. (1) (2) 2. Short title and commencement. This Scheme may be called the Centralised Processing of Returns Scheme, 2011. It shall come into force on the date of its publication in the Official Gazette. Definition. - In this scheme, unless the context otherwise requires (a) 'Act' means the Income Tax Act, 1961 (43 of 1961). (b) 'Board' means Central Board of Direct Taxes constituted under the Central Board of Revenues Act, 1963 (54 of 1963). (c) 'Centre' means the Centralised Processing Centre having jurisdiction over such return of income as may be specified by the Board. (d) 'Commissioner' means the Commissioner of Income-tax, Centralised Processing Centre. (e) 'Director General' means the Director General of Income-tax (Systems). (f) words and expressions used herein but not defined and defined in the Act shall have the meaning respectively assigned to them in the Act.

FREQUENTLY ASKED QUESTIONS

What is Form 26AS? Form 26AS is a consolidated tax statement issued under Rule 31 AB of Income Tax Rules to PAN holders. This statement, with respect to a financial year, will include details of: a) tax deducted at source (TDS); b) tax collected at source (TCS); and c) advance tax/self assessment tax/regular assessment tax etc., deposited in the bank by the taxpayers (PAN holders). Form 26AS will be prepared only with respect to Financial Year 05-06 onwards. d) Paid refund received during the financial year. How is the information in my Form 26AS organized? The Form 26AS (Annual Tax Statement) is divided into three parts, namely; Part A, B and C as under: Part A displays details of tax which has been deducted at source (TDS) by each person (deductor) who made a specified kind of payment to you. Details of the deductor (name & TAN) along with details of tax deducted like section under which deduction was made (e.g. section 192 for salary), date on which payment was effected, amount paid/credited, tax deducted from payments and deposited in the bank are included in this part. Part B displays details of tax collected at source (TCS) by the seller of specified goods at time these goods have been sold to you. Details

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3. Income Tax Department facilitates a PAN holder to view its Tax Credit Statement (Form 26AS) online. Form 26AS contains

Details of tax deducted on behalf of the taxpayer by deductors Details of tax collected on behalf of the taxpayer by collectors Advance tax/self assessment tax/regular assessment tax, etc. deposited by the taxpayers (PAN holders) Details of paid refund received during the financial year Details of the High value Transactions in respect of shares, mutual fund etc.

Scope of the Scheme.This scheme shall be applicable in cases where return of income has been furnished in,(i) electronic form; or (ii) paper form, in case of a class or classes of persons, as notified by the Board in this behalf. Receipt and Acknowledgment of Return of Income. (1) Where a return of income is filed electronically with digital signature, on successful transmission of the data, an acknowledgment as generated by the server of the Central Government shall be available to the person in printable format. (2) The acknowledgment shall contain the acknowledgment number of the electronic transmission and the date of transmission as an evidence of filing of the return. (3) A copy of the electronic transmission of filing the return of income shall be downloaded and kept by the person. (4) Where a return of income is filed electronically without digital signature, on successful transmission of the data, an acknowledgment in Form ITR-V as provided in rule 12 of the Income Tax Rules, 1962 shall be generated by the server of the Central Government and available to the person. (5) The Form ITR-V shall also contain the acknowledgment number of the electronic transmission and the date of transmission as an evidence of filing of the return. (6) A copy of ITR-V shall be downloaded and after taking a printout of such a form, it shall be physically verified under the signature of the person and forwarded to the Centre. (7) The Form ITR-V duly verified shall be sent to the Centre, either through ordinary or speed post, within such period of uploading the electronically filed return as may be specified by the Director General in this behalf. (8) The date of transmitting the data electronically shall be the date of furnishing the return if the Form ITR-V is furnished in the prescribed manner and within the period specified. (9) In case Form ITR-V furnished after the prescribed time is rejected on account of it being unsigned, illegible, mutilated, bad quality or not as per specification, it shall be deemed that the return in respect of which the Form ITR-V has been filed was never furnished and it shall be incumbent on the person to electronically file the return of income again followed by submission of the new Form ITR-V. (10) The Form ITR-V shall be submitted at the address, in the mode and within the period or extended period specified by the Commissioner in this behalf. (11) The Commissioner may, in order to avoid hardship in a case or class of cases, condone the delay in receipt of Form ITR-V.

4.

The Tax Credit Statement (Form 26AS) are generated wherein valid PAN has been reported in the TDS statements. Tax Credits Statement (Form 26AS) can be viewed/accessed through 3 ways : i View Tax Credit from https://incometaxindiaefiling.gov.in Taxpayers who are registered at the above potal viz. https://incometaxindiaefiling.gov.in can view 26AS by clicking on 'View Tax Credit Statement (From 26AS)' in "My Account". The facility is available free of cost. For "New Registration", Click on 'Register' on the portal. The registration process is user-friendly and takes minimal time. View Demo ii View Tax Credit (Form 26AS) from bank site through net banking facility The facility is available to a PAN holder having net banking account with any of authorized banks. View of Tax Credit Statement (Form 26AS) is available only if the PAN is mapped to that particular account. The facility is available for free of cost.

List of banks registered with NSDL for providing view of Tax Credit Statement (Form 26AS) are as below 1. Axis Bank Limited 2. Bank of India 3. Bank of Maharashtra 4. Citibank N.A. 5. Corporation Bank 6. ICICI Bank Limited 7. IDBI Bank Limited 8. Indian Overseas Bank 9. Indian Bank 10. Kotak Mahindra Bank Limited 11. Oriental Bank of Commerce 12. State Bank of India
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51

(12) The Commissioner may call for fresh Form ITR-V in special circumstances, where the Form ITR-V earlier submitted cannot be considered for technical reasons. 5. Revised return of income. (1) If the original return of income is an electronically filed return, the revised return shall be filed through electronic mode only. (2) The Centre will process only the revised return and no further action will be taken on the original return if it has not already been processed. 6. Invalid or defective return. (i) The Commissioner may declare(a) a return invalid for non-compliance of procedure for using any software not validated and approved by the Director General. (b) a return defective under sub-section (9) of section 139 of the Act on account of incomplete or inconsistent information in the return or in the schedules or for any other reason. (ii) In case of a defective return, the Centre shall intimate this to the person through e-mail or by placing a suitable communication on the e-filing website. (iii) A person may comply with the notice regarding defective return by uploading the rectified return within the period of time mentioned in the notice. (iv) The Commissioner may, in order to avoid hardship to the person, condone the delay in uploading of rectified return. (v) In case no response is received from the person in reply to the notice of defective return, the Commissioner may declare a return as not having been uploaded at all or process the return on the basis of information available. Centralised Processing Centres. (1) The Board may set up as many Centralised Processing Centres as it may deem necessary and specify their respective jurisdictions. (2) The processing of the returns shall be undertaken at the Centralised Processing Centre. Processing of Returns. (i) The Centre shall process a valid return of income in the following manner, namely:(a) the sum payable to, or the amount of refund due to, the person shall be determined after credit of such Tax collected at Source (TCS), Tax Deducted at Source (TDS) and tax payment claims which can be automatically validated with reference to data uploaded through TDS and TCS statements by the deductors or the collectors, as the case may be, and tax payment challans reported through

TRACK STATUS OF Tax Deducted at Source (TDS)

Tax Credit can be viewed from: A. Taxpayer view for TDS/TCS credit (from F. Y. 2005-06 onwards)

B. PAN holder to view its Tax Credit Statement (Form 26AS) A. TDS/TCS credit
NSDL provides a link to know whether your deductor/collector has filed quarterly TDS/TCS statement and provided your PAN, at the link youe are required to provide details as below. PAN of the Deductee: TAN of the Deductor: Financial Year: Quarter: Type of Return: Enter Text As Seen In Image(Case Sensitive):
Submit
SELECT SELECT Salary

7.

The link for the webpage is: https://onlineservices.tin.nsdl.com/TIN/JSP/form16A/LinkToUnauthorized PanView.jsp B. PAN holder to view of Form 26AS The relevant link is as under: https://incometaxindiaefiling.gov.in/portal/form26ASInfo.do

8.

52

69

4.2

AUTHENTICATION OF TDS CERTIFICATE IN FORM NO.16A (i) The deductor, issuing the TDS certificate in Form No.16A by downloading from the TIN Website shall authenticate such TDS certificate by either using digital signature or manual signature The deductor being a person other than a person referred to in item 4.1(i)(a) above and who do not issue the TDS Certificate in Form No.16A by downloading from the TIN Website shall continue to authenticate TDS certificate in From No.16A by manual signature only.

(ii)

5. The Director General of Income-tax (Systems) shall specify the procedure, formats and standards for the purpose of issuance of TDS certificate in Form No.16A which is downloaded from the TIN Website and shall be responsible for the day-to-day administration in relation to the procedure, formats and standards for issuance of TDS certificate in Form No.16A in electronic form. 6. It is further clarified that TDS certificate issued in Form No. 16A by the deductors covered by para 4.1(1)(a) in accordance with this circular and procedure, format and standards specified by the Director General of Income-tax (Systems) shall only be treated as a vilid TDS certificate in Form No. 16A for the purpose of section 203 of the Act read with Rule 31 of the IT Rules,1962. (AJAY KUMAR) Director (Budget) Tel.No.2309-2641 Copy to all CCsIT/ DsGIT for circulation

authorised banks in accordance with the procedures adopted by the Centre in this regard. (b) an intimation shall be generated electronically and sent to the person by e-mail specifying the sum determined to be payable by, or the amount of the refund due to, the person; and (c) any intimation to the person to pay any sum determined to be payable shall be deemed to be a notice of demand as per the provisions of section 156 of the Act and all other provisions of the Act shall be applicable accordingly. (ii) The Commissioner may, (a) adopt appropriate procedure for processing of returns; or (b) decide the order of priority for processing of returns of income based on administrative requirements. (iii) Wherever a return cannot be processed in the Centre for any reasons, the Commissioner shall arrange to transmit such return to the Assessing Officer having jurisdiction for processing. 9. Rectification of mistake. (i) With a view to rectifying any mistake apparent from the record under section 154 of the Act, the Centre, on its own or on receiving an application from the person, may amend any order or intimation passed or sent by it under the provisions of the Act. (ii) An application for rectification shall be filed electronically to the Centre in the format prescribed and will be processed in the same manner as a return of income-tax. (iii) Where the rectification order results in a demand of tax, the order under section 154 of the Act passed by the Centre shall be deemed to be a notice of demand under section 156 of the Income-tax Act. (iv) In case of error in processing due to an error in data entry or a software error or otherwise, resulting in excess refund being computed or reduction in demand of tax, the same will be corrected on its own by the Centre by passing a rectification order and the excess amount shall be recovered as per the provisions of the Act. (v) Where a rectification has the effect of enhancing an assessment or reducing the refund or otherwise increasing the liability of the person, an intimation to this effect shall be sent to the person electronically by the Centre and the reply of the person has to be furnished through electronic mode only.

10. Adjustment against outstanding tax demand.The set-off of refund, if any, arising from the processing of a return, against tax remaining payable will be done by using the details of outstanding tax demand lying against the person as uploaded onto the system of the Centre by the Assessing Officer. 11. Appellate Proceedings.

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(i) Where a return is processed at the Centre, the appeal proceedings relating to the processing of the return shall lie with Commissioner of Income-tax (Appeals) [CIT(A)] having jurisdiction over the jurisdictional Assessing Officer and any reference to Commissioner (Appeals) in any communication from the Centre shall mean such jurisdictional CIT (Appeals). (ii) Remand reports, giving effect to appellate order and any other reports to be furnished before the CIT (Appeals) shall be submitted by the Assessing Officer having jurisdiction as regards the person. 12. No person (i) A person shall not be required to appear either personally or through authorised representative before the authorities at the Centre in connection with any proceedings. (ii) Written or electronic communication from such person or authorized representative in the format specified by the Centre in this respect shall be sufficient compliance of the query or clarification received from the Centre. (iii) The Centre may call for such clarification, evidence or document as may be required for the purpose of facilitating the processing of return and all such clarification, evidence or document shall be furnished electronically. 13. Service of notice or communication. (i) The service of a notice or order or any other communication by the Centre may be made bya. sending it by post; b. delivering or transmitting its copy thereof, electronically to the person sent by the Centre's e-mail; c. placing its copy in the registered electronic account of the person on the official website ; or d. any of the modes mentioned in sub-section (1) of section 282 of the Act. (ii) The date of posting of any such communication on official website, e-mail or other electronic medium shall be deemed to be the date of service. (iii) The intimation, orders and notices shall be computer generated and need not carry physical signature of the person signing it. 14. Power to specify procedure and processes.The Director General may specify procedures and processes from time to time for effective functioning of the Centre in an automated and mechanised environment, including specifying the procedure and processes in respect of the following :(i) receipt and processing of electronic rectification applications in the Centre.

certificate in Form No. 16A arise mainly on account of wrong data entry by the deductor or non-filing of e-TDS statement by the deductor. As at present, the activity of issuance of Form No.16A is distinct and independent of filing of e-TDS statement, the chances of mismatch between TDS certificate in Form No.16A and Form No.26AS cannot be completely ruled out. To overcome the challenge of mismatch a common link has now been created between the TDS certificate in Form No.16A and Form No.26AS through a facility in the Tax Information Network website (TIN Website) which will enable a deductor to download TDS certificate in Form No.16A from the TIN Website based on the figures reported in e-TDS statement filed by him. As both Form No.16A and Form No.26AS will be generated on the basis of figures reported by the deductor in the e-TDS statement filed, the likelihood of mismatch between Form No.16A and Form No.26AS will be completely eliminated. 4. In view of the above, for proper administration of the Act, the Board have, in exercise of powers under section 119 of the Act, decided the following :4.1 ISSUE OF TDS CERTIFICATE IN FORM NO. 16A (i) For deduction of tax at source made on or after 01/04/2011: (a) The deductor, being a company including a banking company to which the Banking Regulation Act,1949 applies and any bank or banking institution, referred to in section 51 of that Act or a co-operative society engaged in carrying the the business of banking, shall issue TDS certificate in Form No.16A generated through TIN central system and which is downloaded from the TIN Website with a unique TDS certificate number in respect of all sums deducted on or after the 1st day of April, 2011 under any of the provisions of Chapter-XVII-B other than section 192. (b) The deductor, being a person other than the person referred to in item (a) above, may, at his option, issue TDS Certificate in Form No.16A generated through TIN central system and which is downloaded from the TIN Website with a unique TDS certificate number in respect of all sums deducted on or after the 1st day of April, 2011 under any provisions of Chapter-XVII-B other than section 192. (ii) For deduction of tax at source made during financial year 2010-11: The deductor, may, at his option, issue the TDS certificate in Form No.16A generated through TIN central system which is downloaded from the TIN Website with a unique TDS certificate number in respect of all sums deducted during the financial year 2010-11 under any of the provisions of Chapter-XVII-B other than section 192.

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(ii)

ISSUE OF DIGITAL TDS CERTIFICATES

CIRCULAR NO. 03 /2011 F. No 275/34/2011-( IT-B) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, dated the 13 Subject:
th

May, 2011

the address or place, the mode and the period or the extended period within which the acknowledgment in Form ITR-V shall be accepted. (iii) validating any software used for e-filing the return. (iv) call centres to answer queries and provide taxpayer services which may include outbound calls to persons requesting for clarification to assist in the processing of their returns of income. (v) managing tax administration functions such as receipt, scanning, data entry, processing, issue of refunds, storage and retrieval of income-tax returns and documents in a centralised manner or receipt of paper documents through authorized intermediaries. CBDT Instruction No. 01/2012 [F.NO.225/34/2011-ITA.II], dated 2-2-2012 Mismatch between AS-26 and TDS Claimed: Returns Covered Mismatch of Less than Rs. 1 Lacs Mismatch above Rs. 1 Lacs Zero Matching Zero Matching ITR-1 to ITR-6 ITR-1 to ITR-6 ITR- 3,4,5,6 ITR- 1& 2 Where refund claim does not exceed Rs. 5000/ITR- 1& 2 Where refund claim exceeds Rs. 5000/ITR-1 to ITR-6 ITR-1 to ITR-6 TDS Claim Allowed Allowed After verification After verification Allowed

Issuance of TDS Certificates in Form No. 16A downloaded from TIN Website and option to authenticate the same by way of digital signature Circular under section 119 of the Income-tax Act 1961.

Section 203 of the Income-tax Act 1961 (the Act) read with the Rule 31 of the Income-tax Rules 1962 (the IT Rules) provides for furnishing of certificate of tax deduction at source (TDS) by the deductor to the deductee specifying therein the prescribed particulars like amount of TDS, permanent account number (PAN), tax deduction and collection account number (TAN), etc. The relevant form for such TDS certificate is Form No.16 in case of deduction under section 192 and Form No.16A for deduction under any other provisions of Chapter XVII-B of the Act. TDS certificate in Form No.16 is to be issued annually whereas TDS certificate in Form No.16A is to be issued quarterly. 2. Currently, a deductor has an option to authenticate TDS certificate in Form No.16 by using a digital signature. However, no such option of using a digital signature is available to a deductor for issuing TDS certificate in Form No.16A and it, therefore, needs to be authenticated by a manual signature. The Central Board of Direct Taxes (the Board) has received representations to allow the option of using digital signature for authentication of TDS certificate in Form No.16A as issuance of TDS certificate in Form No.16A by manual signature is very time consuming, specially for deductors who are required to issue a large number of TDS certificates. 3. The Department has already enabled the online viewing of Form No.26AS by deductees which contains TDS details of the deductee based on the TDS statement (e-TDS statement)filed electronically by the deductor. Ideally, there should not be any mismatch between the figures reported in TDS certificate in Form No. 16A issued by the deductor and figures contained in Form No.26AS which has been generated on the basis of eTDS statement filed by the deductor. However, it has been found that in some cases the figures contained in Form No.26AS are different from the figures reported in Form No.16A. The gaps in Form No.26AS and TDS
66

After verification

Zero Matching

TDS claims with invalid TAN All other cases

Not Allowed After Verification

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FILING OF ITR V WITH CPC BANGLORE

Form ITR-V is required to be furnished to the Income Tax Department , CPC, Post Bag No - 1, Electronic City Post Office, Bangalore - 560100, Karnataka BY ORDINARY POST OR SPEED POST within thirty days after the date of transmitting the data electronically . ITR-V can now be sent by Speedpost. ITR-V sent by them to CPC Bangalore will be scanned after stamping receipt number and date of receipt and the same shall be made available to taxpayers on request through email. The due date for submission of ITR-V for A.Y. 2011-12 has been extended upto 31.03.2012 or 120 days from the date of upload whichever is later (with no further extension likely). To assist taxpayers, a limited call center service with two agents has been established at ITD-CPC, Bengaluru. Taxpayer queries on status of ITR-V receipt at CPC, Bengaluru will be answered on 080-43456700 between 9:30 AM to 6 PM between Monday to Friday. The service will be available in English, Hindi and Kannada. The process of request for re-sending of CPC-Intimation u/s 143(1)/154 and refund is now available in 'My Account' option

Option to digitally or manually sign Form 16A Check Digital Signature (DSC) or Form 16A PDF files. Manual Signature for signing

Filing of e-return by Legal Heir (LH) using DSC: Revised Process This is regarding cases where the assessee has expired but a return has to be filed by LH using his DSC. Following process is suggested in above regard : 1. The legal heir (LR) has to get a DSC in his own name. 2. LH is required to make a request by sending a mail to ask@incometaxindia.gov.in mentioning the name, PAN,Date-ofBirth of deceased as well as that of the LH along with scanned attachment of the death certificate of the deceased. 3. On receipt of above, LH would be enabled to file the return of deceased using LHs DSC

The following options can be used for digital signature: 1. E-Token 2. PFX file 3. DSC from Browser Form 16A PDF Form 16A PDF will be generated in a folder. Nomenclature of the folder: TAN_Form16A_FY_Quarter_date of PDF conversion. For example: AGRA10001E_FORM16A_2011-12_Q1_20-06-2011 Form 16A PDF will be generated PANwise. Nomenclature of PDF: PAN_Form16A_2011-12_Quarter.pdf For example: AAACA1924F_FORM16A_2011-12_Q1.pdf Form 16A file is generated for valid PANs only.

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Dos and Dont's for printing and submitting of ITR-Vs to ITD-CPC 1. 2. 3. 4. 5. 6. Please use Ink Jet /Laser printer to print the ITR-V Form. Avoid printing on Dot Matrix printer. The ITR-V Form should be printed only in black ink. Do not use any other ink option to print ITR V. Ensure that print out is clear and not light print/faded copy. Please do not print any water marks on ITR-V. The only permissible watermark is that of "Income tax Department" which is printed automatically on each ITR-V. 7. The document that is mailed to CPC should be signed in original in BLUE INK. 8. Photocopy of signatures will not be accepted. 9. The signatures or any handwritten text should not be written on Bar code. 10. Bar code and numbers below barcode should be clearly visible. 11. Only A4 size white paper should be used. 12. Avoid typing anything at the back of the paper. 13. Perforated paper or any other size paper should be avoided. 14. Do not use stapler on ITR V acknowledgement. 15. In case you are submitting original and revised returns, do not print them back to back. Use two separate papers for printing ITR-Vs separately. 16. More than one ITR-V can be sent in the same envelope. 17. Please do not submit any annexures, covering letter, pre stamped envelopes etc. along with ITR-V. 18. The ITR-V form is required to be sent to Post Bag No.1, Electronic City Post Office, Bengaluru, Karnataka-560100, by ordinary post or speedpost. 19. ITR-Vs that do not conform to the above specifications may get rejected or acknowledgement of receipt may get delayed.

Procedure to convert Form 16A text file to Form 16A PDF File Extract Zip file containing Form 16A data in text form by using WinZip version 9.0 and above, WinRaR version 3.90 and above and 7-Zip version 4.65 and above. Extract zip file by providing the TAN registration number. Open the Form 16A PDF converter utility by double clicking the file PDF Converter Utility.jar. Click on Browse button of Form 16A Input File Name with Path and provide path of Form 16A text files.

Executing Form 16A PDF Converter Utility Double click on Start_Form16A_Utility.bat to operate the Form 16A PDF Converter Utility.

CPC - Call Center

To assist taxpayers a Call Center provides customer service and support for resolution of taxpayers queries. It provides information and updates on the following: 1. Status of receipt of ITR-V at CPC 2. Processing status of e-filed returns 3. Refund issues 4. Any other information related to processing of returns at CPC This service is available on working days to (9AM-8PM) and call are answered in English,Hindi,Kannada on the following telephone numbers ; Toll free: 1800-425-2229 Direct: 080-22546500

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Online Form 16A from TIN

Form 16A File Download Screen

As per Circular no. 03/2011 dt. May 13, 2011 Companies and Banks are required to issue Form 16A from TIN to their deductees for deductions made from April 1, 2011 (F.Y. 2011-12). Form 16A is available to registered TANs at TIN. Form 16A is available from F.Y. 2010-11. Form 16A can be requested from TIN by all category of deductors (example; Individual, Firm, HUF, Company, Government, etc.) Login to Online TAN Account Request for Form 16A file

Form 16A Text File On successful request, Form 16A text file (in compressed format .zip) will be sent on the registered email ID provided in the TAN account within 48 hours. Form 16A text file will also be available for download under the option If Form 16A file is greater than 2 MB after zipping, then the Form 16A zip files will be sent in multiple files of 2 MB. In order to convert the text file into PDF, user has to download PDF Converter Utility from the TAN account. Form 16A PDF Converter Utility Download screen Input Screen for Request for Form 16A

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Guidelines to request Form 16A file Form 16A File Request Confirmation Screen Verification details: To request for the Form 16A file, provide the following updated details (corrected details, if any correction statement is submitted and accepted) of the TDS statement for the quarter for which file is required: challan/transfer voucher and deductee details If statements for Form 26Q and 27Q are filed for the period of request of Form 16A (example, request for F.Y. 2010-11, Q4), provide details pertaining to any one statement. Example: if challan / transfer voucher details are provided for Form 26Q, deductee details also should be provided of Form 26Q only. Question No 1. Provide details of any one challan / transfer voucher as reported in the TDS statement for the quarter. Form 16A File View Status/Download Screen Question No. 2 Provide details of any three distinct deductee records (valid PAN and corresponding deducted amount) present in the TDS/TCS statement. It is not necessary to mention deductee details associated to the challan / transfer voucher provided in question no.1. Example: PAN and Amount of Tax deducted to be quoted when Count of Deductee records is more than 3 in the TDS/TCS return PAN with multiple PAN with multiple records with same records with different deducted amount deducted amount Amount Amount of Sr. PAN of of Tax To be Tax To be No. Deductee deducted quoted deducted quoted 1 BJDPS4564B 1000.00 1,000.00 2 BJDPS4564B 1000.00 4,000.00 3 4 5 BJDPS4564B ADAPR1234B BATPS1448G 1000.00 2500.00 3000.00 5,500.00 2,500.00 3,000.00

Any of the ticked details can be mentioned during verification In case of multiple entries for a PAN in TDS/TCS return, individual amount for a record is to be quoted not the sum total of amount deducted for that PAN.

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If distinct deductee detail record in the quarter is less than three then provide available distinct combination of valid PAN of deductee and corresponding deducted amount. For example:

Provide details of any three distinct deductee records (PAN and corresponding deducted amount) present in the TDS/TCS statement, i.e. it is not required to mention deductee details which are associated to the challan / transfer voucher provided. If distinct deductee details record in the statement is less than three then provide available distinct combination of PAN of deductee and corresponding deducted amount Option to place request for Form 16A **You may mention all three transactions or only one Verification Screen for Form 16A

Request for Form 16A can be placed 1. either for all PANs or 2. for multiple PANs (Ten PANs) for which statement has been filed in the quarter. Provide details of any one challan / transfer voucher present in the TDS/TCS statement. On selecting the option for Form 16A for Individual PAN, deductor needs to fill in the PAN of the deductee/s for which Form 16A is required. Text file in compressed format (.zip) will be sent on registered email ID and available for download in TAN Account.
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