GST Helpdesk   Subscription   Demo   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Stringent Authentication mechanism through Corporate Head Quarter Server for filing of Correction statements & download of TDS certificates Consolidated files etc. by Banks/Corporates

Income Tax - 03/2015 - Dated:- 1-12-2015 - Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax(Systems) New Delhi Notification No. 3/2015 New Delhi, 1st of December 2015 Subject : Stringent Authentication mechanism through Corporate Head Quarter Server for filing of Correction statements & download of TDS certificates, Consolidated files etc. by Banks/Corporates- regarding. Section 200 of the Income tax Act provides for filing of TDS statements. Th .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ication of the statements or claim for refund in Form 26B in the manner so specified. In exercise of the powers delegated by the Central Board of Direct Taxes (Board) under Explanation to Sub Rule 5 of Rule 31A of the Income-tax Rules 1962, the Principal Director General of Income-tax(Systems) lays down the authentication mechanism for filing of correction statements & download of TDS certificates, Consolidated files etc. by Banks and Corporates deductors as under: 1. Need of Authentication .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

tood from the fact that 30% of total TDS defaults and 80% of total PAN errors pertain to only 4000 PAN entities. 1.2 During this exercise, the banks were finding it hard to resolve the TDS defaults in case of closed branches and branches merged with other banks. The banks were not able to retrieve old records for FY 2007-08, 2009-10 etc. in order to file correction statements to resolve the outstanding defaults. Further banks also found challenge in procuring digital signatures for each branch f .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

elp in bringing in better TDS compliance as the headquarter will have complete picture of the TDS compliance of each branch. 2. Mechanism involved: 2.1 This mechanism is based on the concept of routing the access requests of various TAN branches of a particular entity through its corporate headquarter's server. The deductor branch will pass-on the login credentials to the relevant bank/corporate Headquarter's (HQ) server and HQ server will validate the login credentials & IP address .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

nly. b) Corporate headquarter can keep track of the access requests of the branches and this will help in enforcing discipline among the branches. c) No need to procure separate digital signature for each bank/corporate branch to access TRACES portal on account of routing of request through corporate server. 2.2 The detailed process in this regard is as under: 2.2.1 Deductor Functionalities Access Service URL For accessing the deductor functionalities through corporate servers, corporate banks n .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version