PAN of lender (PAN of Bank) required, if interest on housing loan is claimed under Section 24(b) of Income Tax for FY 2020-21

Principal Controller of Defence Accounts
(Central Command)
Cariappa Road, Lucknow Cantt.-226002

No ANAV/Pay/Circular/2021-22/1

Date- 28/04/2021

The Officer-in-charge
All Sections Main Office
All Sub Offices under the PCDA (CC) Lucknow

Sub: PAN of lender (PAN of Bank), if interest on housing loan is claimed under section 24(b) FY 2020-21.

***

Please find list in Annexure-A of officers and staff who have claimed rebate under Section 24(B) in FY 2020-21.

As per provisions in Income Tax act, PAN of lender (PAN of Bank) is to be uploaded at TIN NSDL and it has been made mandatory, if interest on housing loan is claimed under section 24(b).

Hence, it is requested to obtain the details from concerned officer and staff and furnish PAN of lender in following format so that yearly data (Quartery Q4 FY 2020-21) can be uploaded to Income Tax department.

In this regards, it is requested that same may be received by 05/05/2021 positively to the email ID of AN-IV Section.

Jt. CDA has seen.

Accounts Officers (AN-IV)

Source: http://pcdacc.gov.in/download/circularsnew/an4_2904.pdf

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Circular No. 07/2014

F. No. 275/27/2013-IT(B)
Government of India
Ministry of Finance
Department of Revenue
Central Board of Direct Taxes

New Delhi, the 4th March, 2014

All Chief Commissioners of Income-tax
All Directors General of Income-tax

Sub: Ex-post facto extension of due date for filing TDS/TCS statements for FYs 2012-13 and 2013-14 – regarding

The Central Board of Direct Taxes (‘the Board’) has received several petitions from deductors/collectors, being an office of the Government (‘Government deductors’), regarding delay in filing of TDS/TCS statements due to late furnishing of the Book Identification Number (BIN) by the Principal Accounts Officers (PAO) / District Treasury Office (DTO) / Cheque Drawing and Disbursing Office (CDDO). This has resulted in consequential levy of fees under section 234E of the Income-Tax Act, 1961( ‘the Act’).

2. The matter has been examined. In case of Government deductors, if TDS/TCS is paid without production of challan, TDS/TCS quarterly statement is to be filed after obtaining the BIN from the PAOs / DTOs / CDDOs who are required to file Form 24G (TDS/TCS Book Adjustment Statement) and intimate the BIN generated to each of the Government deductors in respect of whom the sum deducted has been credited. The mandatory quoting of BIN in the TDS/TCS statements, in the case of Government deductors was applicable from 01-04-2010. However, the allotment of Accounts Officers Identification Numbers (AIN) to the PAOs/ DTOs/CDDOs (a pre-requisite for filing Form 24G and generation of BIN) was completed in F.Y. 2012-13. This has resulted in delay in filing of TDS/TCS statements by a large number of Government deductors.

3. In exercise of the powers conferred under section 119 of the Act, the Board has decided to, ex-post facto, extend the due date of filing of the TDS/TCS statement prescribed under subsection (3) of section 200 /proviso to sub-section (3) of section 206C of the Act read with rule 31A/31AA of the Income-tax Rules, 1962. The due date is hereby extended to 31.03.2014 for a Government deductor and mapped to a valid AIN for –

(i) FY 2012-13 – 2nd to 4th Quarter
(ii) FY 2013-14 – 1st to 3rd Quarter

4. However, any fee under section 234E of the Act already paid by a Government deductor shall not be refunded.

5. Timely filing of TDS/TCS statements is essential to ensure timely reconciliation of Government accounts and for providing tax credit to the assessees while processing their Income-tax Returns. Therefore, it is clarified that the above extension is a one time exception in view of the special circumstances referred to above. Since the Government deductor and the associated PAO/ DTO/ CDDO belong to the same administrative setup that regulates the clearance of expenditure, the deductors/collectors may be advised to co-ordinate with the respective PAO/DTO/CDDO to ensure timely receipt of BIN/filing of TDS/TCS statements.

6. This circular may be brought to the notice of all officers for compliance.

7. Hindi version shall follow.

sd/-
(Sandeep Singh)
Under Secretary to Government of India

Source: http://law.incometaxindia.gov.in/DIT/Circulars.aspx
(http://law.incometaxindia.gov.in/DIT/Circulars.aspx)

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F.No. JS(1)/E.Coord/2013
Ministry of Finance
Department of Expenditure
E-Coord Division

North Block, New Delhi
the 21st June, 2013

OFFICE MEMORANDUM

Subject: Implementation of e-Office in Ministries/Departments.

The undersigned is directed to say the Department of Electronics & Information Technology (DeitY) has requested this Department to issue suitable advisory/instructions to all Ministries regarding acceptance of files in electronic form by IFDs.

2. In this regard, excerpts of the communication of the Department of Administrative Reforms and Public Grievances intimating the relevant provisions of the Information Technology Act and Income Tax Act 1961 are reproduced as below:

“Electronic records and digital signatures have been given legal recognition under Sections 3 to 7 of the Information Technology Act. Further, Section 87 confers power on Central Government to make rules in this regard. Accordingly, D/o Information Technology has come up with associated rules i.e. Information Technology Rules, 2004

(IT Act Notification No. 582 and 735 GSR dated 6th September, 2004 and 29th October, 2004). As per these Act and rules an electronic record shall be deemed to be a secure electronic record for the purposes of the Act if it has been authenticated by means of a secure digital signature. D/o Revenue has issued a circular No. 2/2007 dated 21-5-2007 under Section 119 of the Income Tax Act 1961 to allow the use of Digital Signature Certificates (DSC) by employers to authenticate the TDS certificates/Form 16.”

3. Accordingly, the contents of para 2 above are brought to the notice of all FAs for suitable action to facilitate implementation of e-Office solution in their respective Ministries/Department.

Sd/-
(R.K. Kureel)
Deputy Secretary to the Government of India

Source:  http://www.icar.org.in
[http://www.icar.org.in/files/e-office-02-07-2013.pdf]

The post Finmin’s instructions : DSC (Digital Signature Certificates) by employers to authenticate the TDS certificates/Form 16 appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.