- Electronic statements (e-TDS/TCS/AIR) can be uploaded online to the TIN central system only for those TANs who have been associated with the organisation and duly authorised by NSDL.
- A user can upload electronic statements online only for TANs associated with it.
- Electronic statements should be prepared as per the data structure prescribed by the Income Tax Department (ITD). The data structure is the same as prescribed by ITD for furnishing of electronic statements through TIN-FCs.
- After preparation of the electronic statement, entities have to verify the electronic statement through the latest version of File Validation Utility (FVU) provided by NSDL which can be freely downloaded from the TIN web-site. The upload file generated by the FVU is to be uploaded online.
- The length of the filename should not be more than eight characters. The filename can be alphanumeric. No special characters are allowed in the filename (e.g. name of the file can be: Form27E.txt).
- The user will login to the TIN central system by signing with the DSC associated with it. On authentication of the DSC, the user will get access to the online upload system.
- After successful login, the user will select Upload option from the main menu. The user will have to choose sub-option'TDS/TCS' and upload the electronic statement online to the TIN central system by digitally signing the upload.
- If DSC authentication fails the electronic statement will not be uploaded.
- The status of the electronic statement uploaded can be viewed by selecting File Status from the main menu.
- After upload of the electronic statement the TIN central system will perform format level validations, check the TAN - User ID association. In case electronic statement is invalid or the TAN (for which the electronic statement was uploaded) is not associated to the user i.e. user uploads an electronic statement online for a TAN which is not associated with it, the electronic statement uploaded will be rejected. In case of an accepted electronic statement a Provisional Receipt will be generated which will contain a Provisional Receipt Number / Token Number and will also indicate count of missing/invalid PANs. The deductor can view/print the Provisional Receipt.
- Entities using the online upload of electronic statements facility will not submit Form 27A, CD / Pen drive for accepted electronic statements to TIN-FC or NSDL.
- This facility is not available for online upload of electronic statements for Form 24 for those entities who have to submit physical certificates for No / lower deduction of tax and Form 12 B with respect to any of their deductees.
- In case the entity is not able to upload its electronic statement using the online upload of electronic statement facility to the TIN central system, it may submit the same at any of the TIN-FCs by following the prescribed procedure for furnishing of e-TDS Statements with TIN-FCs.
How To Upload TDS Return Online
Procedure For E-filling of Income Tax Return By Palak Aggarwal
As per Section 139(1) of Income Tax Act 1961, if the income of any person being an Individual, HUF, AOP or BOI exceeds the maximum amount not chargeable to tax without giving the effect of section 10A/10B or chapter VI A then he/she shall be required to file income tax return within the time specified.
For the AY 2013-14, the last dates for filling income tax return are as follows:-
Assesses whose accounts are required to be audited-30th Sept, 2013
Other Assesses- 31st July, 2013
Company required to furnish report u/s.92E- 30th Nov, 2013
However Belated returns can be filed upto 31st March 2014 in case of other Assesses.
Income Tax e-filling can be done through the website of Income Tax Department.
Through this article I am sharing with you the procedure to E-File your income tax return using excel utility in just 10 simple steps.
Here are those steps:-
1. Register on e-filling website (https://incometaxindiaefiling.gov.in/) using your PAN.PAN will be your user-id which will be used in future to check the filling status of your return.
2. Login to website and click on downloads section.Select the form for your type of income and download the excel utility form.
3. After having downloaded the excel utility, fill the required particulars in the excel utility and cross check the same with form 26AS/16/16A.
4. After filling the form click on ‘Calculate Tax’ Tab.It will calculate your tax automatically. Deposit yur due tax with the department and fill all the payment details in the excel utility.
5. Check your form by clicking Validate Button. After doing all this generate XML file for the purpose of e-filling.
6. After having generated XML file submit your return with the department.Select the ‘Submit return’ from the relevant options on left panel of the website.
7. Browse to select XML file and uplaod the same.
8. After uploading Acknowledgement (ITR-V) will be genearated. It will also be sent to your e-mail id.
9. In case you are using Digital signatures the process is completed.
In other case, take the print out of ITR-V which should be signed by the tax payer.Send this acknowledgement within 120 days by ordinary post or speed post only to Income Tax Department, Post Bag No.1, Electronic city Post office-Bangaluru-560100.
10. Income Tax Department will send Acknowledgement within 15 days to your e-mail id.
Steps to be followed for placing the request of consolidated TDS/TCS statement
As we are aware that we have to use only Consolidated FVU file for preparing eTDS correction returns, we need to follow a process on NSDL website to get the Consolidated FVU File.
- Login to https://www.tdscpc.gov.in/ with user id, password and TAN.
- On successful login, under option TDS/TCS, select “Request for Conso File”. Request for consolidated TDS / TCS statement can be made for your TAN only.
- On clicking the aforementioned option, provide details of statement as below for which consolidated file is required:
- Form no.
- Quarter &
- Financial Year
- On successful validation of the above details, Please enter a Challan details BSR no., Date on which Tax Deposited, Challan Serial No. Challan Amount.
- After that Please enter at least three distinct valid PAN-Amount combinations corresponding to the statement mentioned above. If there is no such Challan, mention a challan with at least two valid PAN-Amount combinations. If there is no such challan, mention a challan with at least one valid PAN-Amount combination. If you do not have any such challan, mention a challan with no valid PAN-Amount combination and also select the checkbox (no valid PAN dedcutee row) in the PAN Details section below.
- On successful verification of above details please mention Provisional Receipt Number.
- After Validation of Above details a Authentication Code will be generated.
- On Successful validation Consolidated file can be Downloaded from Downloads section.
- In case of large number of records in the TDS/TCS statement requested, the statement will be split in multiple files owing to restriction of mail size.
- Consolidated TDS/TCS statement provided will be in compressed form.
- Extension of the consolidated TDS/TCS statement will be .tds
- In case of single file, extract the content of the file by providing password to the file.
- In case of multiple files, merge the files using File Merge Utility and then extract the contents of the merged file by providing password.
- After extracting the consolidated TDS/TCS statement, import the same in the same in RPU for making the Correction.
Conclusion
The facility provided by NSDL will go a long way in helping deductors file correction statements in organized and better manner. The process of registration is simple but considering security every mail attachment from NSDL comes with password protection. This will require deductor to keep track of TAN registration number till it is activated. The process of placing request for consolidated statement , again is little complex for the sake of security.
The facility provided by NSDL will go a long way in helping deductors file correction statements in organized and better manner. The process of registration is simple but considering security every mail attachment from NSDL comes with password protection. This will require deductor to keep track of TAN registration number till it is activated. The process of placing request for consolidated statement , again is little complex for the sake of security.
Inspiring Success Stories of CA Students By Palak Aggarwal
There is a general opinion that it is very
difficult to pass Chartered Accountancy (C.A.) examination conducted by
Institute of Chartered Accountants of India. Few students also discontinue the
course after finding it very difficult to pass the examination. Failure is the
stepping stone for success. Some may not realize that they are very near to the
success but leaving the course.
If you take some
good basic steps, then, you cannot be a failure in this Nobel course.
You need not to be
a super genius to become a CA, even an average candidate with hard working can
also be a CA.
It is touching to know about success stories of students who have passed
CA examination after overcoming several obstacles. Let me share some
inspiring
stories of success of students in CA examination. These stories will inspire
aspiring students to achieve similar success in the examination.
“Successful people don't do great things, they only do small things
in a great way.”
India’s first Visually challenged CA
India’s first Visually challenged CA
Rajni Gopal is India’s first visually impaired woman to
become a Chartered Accountant. Currently working with India’s leading software
companies, it has taken Rajani immense grit, perseverance and patience to reach
where she stands.
Several students with normal health struggle to
pass the examination despite the best of professional coaching and excellent
support provided by their family. It is inspiring to know that Rajani Gopal, a
visually challenged girl has cleared the exam during 2002 to become India’s
first visually challenged woman to pass CA examination.
She
was prescribed penicillin tablets for common cold by a doctor when she was nine
years old. This was given without test dosage and this resulted in an allergic
reaction which in medical terminology is known as “Steven Johnson Syndrome”.
Her vision started deteriorating gradually and she lost her vision in right eye
by the time she completed B.Com degree course.
She found it difficult to get a job due to her disability. She
thought of pursuing CA course to improve her chances for getting a job. With
lot of determination she joined CA course as there is not much need to attend
regular classes like other courses. She started using the screen reading
software and learnt how to use computers. She got all the materials converted
to soft copy and started studying in a focussed manner. After facing lot of
difficulties, she successfully passed the CA examination and is now well placed
in a reputed firm.
Rajani Gopal has proved that it is possible to pass the CA examination
if one prepares in a focussed manner in spite of any physical handicap. When a physically challenged person passes the tough
course, no excuse can be accepted from a person enjoying normal health.
Office boy who became CA
Students also blame financial problems as an excuse for not
passing the CA examination after several attempts. They claim that they are not
able to afford specialised coaching provided by reputed coaching institutes.
Shailesh who worked as an office boy in a private firm has cleared
CA examination though he lacked financial support. Shailesh, youngest son of housemaid Nirmala and textile
loom worker Arun, studied in Sarvajanik High school in Marathi medium. He lived
in a 12×25 room in a slum in Limbayat with a family of five.
Shailesh, youngest son of housemaid Nirmala and textile loom
worker Arun, a migrant Maharashtrian family, studied in Sarvajanik High school
in Marathi medium and did BCom from IGNOU. While doing BCom he came in touch
with Jay Chhaira, his tutor and employer, running the Institute of Professional
Studies in Athwalines. He joined the institute as a student-cum-office-boy so
that he doesn't have to put any financial burden on his father and elder
brother. He joined CA course and used to study in office during his spare time.
He did lose heart in between and left studies completely for two years, only to
return with more vigour and cleared every exam. Ultimately he passed CA
examination successfully and started his own consultancy firm. In spite of his
financial difficulties he has successfully cleared CA examination.
There is no need to worry about financial difficulties and the
examination can be passed by overcoming such difficulties.
Cleared CA, ICWA, CS at 23 yrs
Many students struggle to pass the CA examination even though they
study only CA course exclusively.
23-year-old Pallavi Sachdeva from Delhi, cracked three exams CA
(Chartered Accountancy), CA (Cost & Works Accountancy) and CS (Company
Secretary). It is really a great achievement as she has cleared all three
professional exams simultaneously without any difficulty. Better understanding
of basic concepts and proper planning has helped Pallavi to accomplish this
achievement.
Daughter of Auto driver who scored
first rank
Prema Jayakumar, the 24-year-old daughter of a migrant Tamilian
Jayakumar Perumal, an autorickshaw driver has topped her chartered accountancy
examination by scoring 607 out of 800 marks (75.8 per cent).She secured all
India First rank in her first attempt.
Prema
studied in Tamil medium till Class VIII from a Tamil medium municipal school.
She switched over to English medium only during ninth standard. It
is really a great achievement that she could score such high marks despite
difficulties faced by her.
Her brother Dhanraj aged 22 years also appeared in the CA
examination and passed it in his first attempt. Dhanraj worked in a call centre
to support his studies.
CA after 32 attempts
Normally students lose interest after continuous failures and
discontinue the course. They tend to join some other course or take up some
employment. But untiring efforts has enabled
Kailash Narayan Purohit of Jodhpur to pass CA after making 32 attempts spread
over a period of 20 years. He was determined to pass the examination
despite repeated failures.
Tea Stall owner’s Daughter cracks
CA Final Nov 2012 Exams
The girl who didn’t have fees to
pay CA course fees worked on her father’s tea stall and crackes CA Final Nov
2012 exams. She proves success quotation ‘ Where Determination is Great,
Nothing is Great’. She had determined a goal to be a CA and she work hard to
fulfil her dream even after toughest difficulties in her life.
Confined to Wheel chair, but passed
CA
Neha Bansali was confined to the wheel chair when she hurt her
spine. Neha Bansali shares her experiences in her own words.
“I was born in Delhi and grew up there. I belong to a middle class
family. I have a younger brother and a younger sister. When I was playing with
my friends my spine received a minor injury. But because of infection the
entire spine got affected. As a result I could not sit up and got confined to
the wheel chair. Except my right hand I could not
move any part of my body. I had to depend on others to attend to the daily
ablutions. I wanted to commit suicide. The support given by my father and
mother, my sister and brother kept me up, I took the +2 exam. I scored 92% in
the exams. This achievement gave me confidence and encouragement. I took the
chartered accountant’s final exam and stood tenth in the national ranking.
This success made me live and I grew up from then on. I, who was
confined always to the wheel chair with ability to move only one hand,
developed a great urge to achieve something notable. I could secure a job as a
chartered accountant in a firm and became the chief accountant.”
Born with cerebral palsy, but
cleared CA
Ajit Shekhawat was born with cerebral palsy and underwent
treatment for two years at a Mumbai hospital at the age of five. His treatment
continued in Gandhinagar later on and Ajit continued his studies and completed
his graduation in commerce from Gandhinagar. He then started preparing for his
CA examination at home and cleared it.
Train blast victim who passed CA
Chirag
Chauhan was an average student and it was only in the tenth standard final
examination that he managed a first class.
Chirag
Chauhanwas among the survivors of the serial train blasts on July 11, 2006
which claimed over 180 lives. That day he had left for home early when a bomb
exploded in the suburban local at Khar Road station. His spinal cord was
damaged due to the explosion and some particles are still embedded in his chest
and close to the trachea.
Despite
his debilitating injures, he pressed on with his course and completed it on
July 12, 2008. He lost his father when he was 18 and was faced with the
prospect of looking after his sisters and mother, something he can proudly do
now.
Chirag Chauhan, now wheel chair-bound, is a full-fledged CA
working as a senior manager.
These success stories prove that it is possible to achieve success
in CA examination despite physical challenges and financial hardship.
Failures
who become first Rankers
Yes, its true, if you failed in this exam then don’t
worry you can get rank in next examination, if you prepare hard with confidence
to crack exams with a rank. Here I have given examples of peoples who were
failed in their first attempt but got rank in next exams.
1. Nitin Gupta – Failed in CA Final, May 10 – Got Rank
1 in CA Final Nov ’10
2. Sujoy K. N. – Failed in CA Final, Nov ’09 & May 10, Got Rank in CA Final Nov 10
3. Sonia Rakheja – Failed in CA Final, Nov 09 & May 10, Got Rank in CA Final Nov 10
2. Sujoy K. N. – Failed in CA Final, Nov ’09 & May 10, Got Rank in CA Final Nov 10
3. Sonia Rakheja – Failed in CA Final, Nov 09 & May 10, Got Rank in CA Final Nov 10
Do you consider these people failures? They succeeded in spite of problems, not in the absence of them. But to the outside world, it appears as though they just got lucky.
All success stories are stories of great failures. The only difference is that every time they failed, they bounced back. This is called failing forward, rather than backward. You learn and move forward. Learn from your failure and keep moving.
Always
Remember “SUCCESS DELAYED IS NOT SUCCESS DENIED.”
FAQ / e-TDS / General
CBDT has appointed NSDL e-Governance Infrastructure Limited, (NSDL), Mumbai, as e-TDS/TCS Intermediary. NSDL has established TIN Facilitation Centres (TIN-FCs) across the country to facilitate deductors/collectors file their e-TDS/TCS returns.
No, you need not file certificates for no deduction or concessional deduction of TDS alongwith the e-TDS/TCS return. This is not required in case of any quarterly statements.
In such a case the e-TDS/TCS return will not be accepted by the TIN-FC. You should ensure that the control totals generated by FVU and that mentioned on Form No. 27A match. In case of any difficulties/queries, you should contact the TIN-FC or TIN Call Centre at NSDL.
You have to pay charges as mentioned below:
|
31.15
Yes, computer media will be returned to deductor after acceptance of the e-TDS/TCS statements.
Certificate for lower deduction or no deduction of tax from salary is given by the Assessing Officer on the basis of an application made by the deductee. In cases where the Assessing Officer has issued such a certificate to an employee, deductor has to only mention whether no tax has been deducted or tax has been deducted at lower rate on the basis of such a certificate.
Subscribe to our mailing list to get the updates to your email inbox.. Just Enter your email id below and click on subscribe button! After that, verify it through the verification email received on your email id and start learning more!..
Posts
