CPC (TDS) communication to Govt. Deductors for "Mismatch in BIN" reported in TDS Statements
Centralized Processing Cell (TDS) has observed substantial cases of mismatch in Book Identification Number (BIN) in Quarterly TDS Statements
As you may be aware that at the time of filing TDS statements, it is mandatory:
- To quote the BIN particulars correctly, through which TDS payments have been made.
- The TDS forms prescribe quoting of such BINs and the underlying deductee transactions corresponding to such BINs.
However, it has been observed that mistakes have been committed earlier, while reporting tax payments, in some of your TDS statements.
Please be advised that mismatch of such BINs may lead to Defaults on account of "Short Payment".
You are therefore, advised to ensure that Correct BIN details, as communicated to you through your respective Pay and Account Office (PAO) after filing their respective Form No. 24G, are quoted in your TDS Statements for avoiding mismatch of BIN.
You are therefore, advised to ensure that Correct BIN details, as communicated to you through your respective Pay and Account Office (PAO) after filing their respective Form No. 24G, are quoted in your TDS Statements for avoiding mismatch of BIN.
For any assistance, you can call CPC toll-free number 1800 103 0344.
Section 80C- Bank term Deposit Limit increased to Rs. 1.50 Lakh
NOTIFICATION NO. 63/2014, Dated: November 13, 2014.
S.O. 2906(E). In exercise of the powers conferred by clause (xxi) of sub-section (2) of section 80C of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby makes the following amendments to the the Bank Term Deposit Scheme, 2006, namely:-
1. (1) This scheme may be called the Bank Term Deposit (Amendment) Scheme, 2014. (2) It shall come into force on the date of its publication in the Official Gazette.
2. In the Bank Term Deposit Scheme, 2006, in para 3, in clause (1), for the words "one lakh rupees" , the words "one hundred and fifty thousand rupees" shall be substituted.
[F.No.142/09/2014-TPL]
(Raman Chopra)
Director (TPL-II)
Director (TPL-II)
Note: The principal Scheme was published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (ii),vide number S.O. 1220(E) dated the 28th July, 2006 and subsequently amended by notification number S.O. 2127(E), dated 13th December 2007.
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