TaxTMI 
TaxTMI 
Procedure for the purposes of furnishing and verification of Form 26A for removing of default of Short Deduction and/or Non Deduction of Tax at Source- Reg.
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....er of a company, who fails to deduct the whole or any part of the tax in accordance with the provisions of Chapter XVII-B on the sum paid to a resident or on the sum credited to the account of a resident shall not be deemed to be an assessee in default in respect of such tax if such resident- (i) has furnished his return of income under section 139; (ii) has taken into account such sum for computing income in such return of income; and (iii) has paid the tax due on the income declared by him in such return of income, and the person furnishes a certificate to this effect from an accountant in such form as may be prescribed. 2. As per sub-rule (1) of Rule 31ACB of Income-tax Rules, 1962, the certificate from an accountant under the f....
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.... [2] Furnishing of Form 26A in electronic shall be enabled with effect from 15.01.2017. 4. The procedure for electronic filing of Form 26A is as follows: 4.1 Role of Deductor: STEPS PLACE OF ACTION ACTION 1 TRACES Portal Get Details of Short Deduction: Deductor needs to submit request to get details of short deduction. 2. TRACES Portal Enter No Deduction transactions: Deductor needs to enter details of No Deduction transaction at TRACES, if any and submit transaction details at TRACES in the rows provided for this purpose. 3. TRACES Portal Submit Request: On submitting request, a Unique Request Number will be generated for further reference. The Short-Deduction and/or Non-Deduction request so submitted will be proc....
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....he Short-Deduction and Non-Deduction transactions(in one or more sessions) and submit these authorizations. 7. E-Filing Portal Certification from Authorized Accountant: On successful authorization by Deductor, the Accountant so authorized on E-Filing Portal may fill in the relevant details in Annexure A to Form 26A with respect to the Deductee in question and certify by digitally signing Annexure A. The details of unique DINs and Alpha-Numeric Strings will become visible to the authorized accountant(when he logs into his own account as a registered accountant on E-Filing Portal) only when Deductor has authorized such an accountant with respect to any Short-Deduction and/or Non-Deduction transaction. 8. E-Filing Portal Submit Digi....
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....ied. 5. Complete Annexure A to Form 26A with respect to the concerned Deductee. 6. Submit the Annexure A so completed by digitally signing it. 4.3 Role of e-filinq: For Deductor Validations TRACES 1 . Provide view of Short-Deduction and/or Non-Deduction transactions to Deductor as communicated to E-Filing Portal electronically by CPC-TDS. 2. Allow Deductor to locate and select Short-Deduction and/or Non-Deduction transactions and authorize Accountant(s) with respect to each of these transactions by entering membership number of Accountant(s). 3. Allow Accountants so authorized to view Annexure A to Form 26A on the basis of DIN and/or Alpha-Numeric String; complete the Annexure; and submit it by digitally signing it. 4. Allow Ded....