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Stringent Authentication mechanism through Corporate Head Quarter Server for filing of Correction statements & download of TDS certificates, Consolidated files etc. by Banks/Corporates

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....tatements and the particulars have been laid down in Rule 31A of the Income tax Rules. Vide Sub Rule 5 of Rule 31A (placed at DFA-II) of the Income Tax Rules, it has been specified that the Director General of Income Tax (Systems) shall specify the procedures, formats and standards for the purposes of furnishing and verification of the statements or claim for refund in Form 26B and shall be responsible for the day-to-day administration in relation to furnishing and verification of the statements or claim for refund in Form 26B in the manner so specified. In exercise of the powers delegated by the Central Board of Direct Taxes (Board) under Explanation to Sub Rule 5 of Rule 31A of the Income-tax Rules 1962, the Principal Director General of....

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....ess process will bring in discipline to the correction process as only the authorized bank official would be able to work on TRACES system. The concept of involving head quarter as a "corporate connect" drive will help in bringing in better TDS compliance as the headquarter will have complete picture of the TDS compliance of each branch. 2. Mechanism involved: 2.1 This mechanism is based on the concept of routing the access requests of various TAN branches of a particular entity through its corporate headquarter's server. The deductor branch will pass-on the login credentials to the relevant bank/corporate Headquarter's (HQ) server and HQ server will validate the login credentials & IP address of the user's system. A....

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....arameters: 2.2.3 Structure of "data" field # Field Name Data Type Field length Mandatory/Optional Sample value 1 PAN of Deductor Character 10 Mandatory AAAAA9999A 2 TAN Deductor Character 10 Mandatory AAAA99999A 3 PAN AP Character 10 Mandatory As entered during login (PAN of Authorised Person) 4 Mobile number of AP Numeric 10 Mandatory 9999999999 5 Email ID of AP Character NA Mandatory Email ID having bank's/corporate's domain name e.g. ([email protected]) 6 Transaction Timestamp Character (YYYY-MM-DD-hh24.mi.ss.ffffff) 26 Mandatory 2009-10-26-15.07.40.071658 *The above fields in the data will be separated by "^" 2.2.4 List of unauthorized access scenarios a. Bank request data not in proper forma....