Tax Information Network (TIN) – Services and Facilities
In this new era of Information technology, Income Tax activity of India (IT) has begun a new system of Tax Information Network (TIN) for changing present system of collection, monitoring, accounting and processing of direct taxes.
These taxes related processing works can be easily done through the help of information technology. For above purpose, National Securities Depository Limited (NSDL) has established this Tax information Network (TIN) on the behalf of Income tax department of India, which is repository of nationwide tax related information.
Visit TIN NSDL Website
TIN System — There are two sub system of Tax information Network (TIN) –
(I) ERACS – It stands for Electronic Return Acceptance and Consolidation System. It contains a large infrastructure of countrywide network of TIN – Facilitation Centre (TIN-FC) for interact and interface with the taxpayers. TIN-FC has Internet-based facility through which taxpayers can upload their electronic returns of tax deduction at source (TDS) and Tax Collection at Source (TCS). There is also a central system of TIN where Annual Information Return (AIR) can be submitted.
(II) OLTAS – OLTAS stands for Online Tax Accounting System – Through this Central system, tax related all details and deposit which has been made in different branches of tax collection centre located in various states of the country, can be uploaded to central system through this OLTAS System.
Services and Facilities of Tax Information Network Facilitation Centre (TIN-FC)-
There is a large network of TIN – Facilitation Centre which located in all over the country. Through these TIN-FCs, one can submit their electronic and physical returns of TDS /TCS, apply for PAN or TAN Change request or processing of new PAN or TAN, Submit their AIR.
Tax payers can check their quarterly statement of financial details through the TIN FC.
Through Website of www.tin-nsdl.com, one can get facilities of these online services –
Through the above website, one can get facilities of Submission and correction of TDS / TCS returns and Statement and Annual information Returns (AIR), Checking quarterly statement status of electronic TDS/TCS Statement by providing TAN and PRN, Payment of E-tax through challan with having Bank account with net banking facility, Enquiry about OLTAS Challan Status deposited in banks, Application, Reprint of Status Enquiry for PAN Card and TAN, and Registration for an E-Return intermediary (e-RI) and it’s Status.
It is an entity which has been authorized by Income tax department to electronically file income tax returns and status of tax payers.