1. Use Challan type 281 for deposit of TDS/TCS
2. Use separate challan to deposit Tax Deducted under each section.
3. Use separate challans to deposit tax deducted for different types of deductees, i.e. corporate or non corporate
4. The Correct 10 digit TAN of the deductor should be quoted in the challan otherwise the deductor would not get the credit for tax paid. Use a rubber stamp of TAN to avoid mistakes.
Correct TAN details can be verified on Income tax Department web site www.incometaxindia.gov.in
5. The Assessment year for which the payment is being made should be correctly quoted. For example if the tax is deducted in the month of May’10 and paid in June’10 then the financial year would be 2010-11 but the assessment year would be 2011-12 which is to be quoted in the challan.
6. Section code i.e. the code of section under which the tax has been deducted should be correctly quoted.7. It should be ensured that while making the payment, the date of payment and challan serial number and BSR Code of the bank is clearly visible in the challan.
8. All details of payments are available at NSDL website www.tin-nsdl.com under the link ‘challan status enquiry’
9. There are 2 types of views for taxpayers; CIN based view and TAN based view
Through CIN based view details of any particular challan can be verified
10. Through the TAN based view details of all challans deposited in banks for a given TAN during a specified period can be viewed
11. SMS based facility for challan status is available. The details are available on www.tin-nsdl.com
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