Directorate of Income Tax (Systems)
New Delhi
Dear Tax Payer,
Subject: Tax Credits available in the Annual Tax Statement for A.Y.2008-09
The Income Tax Department (ITD) has started transmitting the Annual Tax
Statement of taxpayers as a part of its citizen centric exercise. The object is
to give you feedback regarding the tax credits as reported by the tax deductors/collectors
besides showing taxes deposited by way of self assessment tax, advance tax etc.
This statement is also relied upon by the ITD while giving tax credit at the
time of processing of the Income Tax returns. The procedure for creation of this
Annual Tax Statement is in accordance with section 203 AA of the I.T. Act, 1961
or the second proviso to sub section (5) of section 206C of the I.T. Act, 1961.
2. The purpose of undertaking this exercise is to ensure that the tax credit available is complete, correct and up to date. Your Annual Tax Statement for A.Y. 2008-09 (Financial Year 01.04.2007 to 31.03.2008) is enclosed herewith. The tax credit reflected in such statement may increase or decrease in case the deductor revises the information/updates the information or files the TDS returns after finalization of Form 26AS (Annual Tax Statement).
3. In case of missing entries or entries against which 'unmatched' is indicated, you are advised to contact your deductor immediately and ascertain whether the deductor has either
i) erred in
quoting the correct PAN or not quoted your PAN; or
ii) not filed the TDS return; or
iii) has not paid the required TDS to Government account.
3.1 In such a case, you may approach the deductor and persuade the deductor to rectify the deficiencies. Kindly note that the tax statement will be the basis for giving you tax credits. Hence, absence of tax credit will bind the Officer to adhere to the tax credit available.
4. Tax Credits appearing in the Annual Tax Statement are on the basis of the details given by the deductor in the TDS/TCS statement filed by him. The same should be verified before claiming tax credit and only the amount which pertains to you should be claimed.
5. From the current financial year onwards you can also view your tax credits by undertaking a one time registration. Detailed procedure for registration is available at www.incometaxindia.gov.in and www.tin-nsdl.com.
6. To open the statement, please enter the date of birth in case of individual tax payers and the date of incorporation for non-individual tax payers as password in the format of DDMMYYYY. For example, if your date of birth / incorporation is January 1, 1985 then the password will be 01011985.
6.1 The date of birth / incorporation should be same as furnished to the Department and available in the Income Tax Department PAN master (as printed on the PAN card).
6.2 To open the file all you need is Adobe Acrobat Reader version 5.0 or above. If you do not have Adobe Acrobat Reader, please click on this link www.adobe.com/products/acrobat/readstep2.html to download. Please note that you will not be able to open this file or view the file properly with any version lower than Adobe Acrobat Reader 5.0.
7.
For queries on the issue you may
contact TIN Call Centre at
Tel.: 91-20-2721 8080
Fax: 91-20-2721 8081
Email:
re...@nsdl.co.in
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For
and on behalf of
The Income Tax Department
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