What is Tax Information Network(TIN) ?
Tax Information Network (TIN), has been established by National Securities Depository Limited on behalf of Income Tax Department of India (ITD). TIN is an initiative by ITD for the modernization of the current system for collection, processing, monitoring and accounting of direct taxes using information technology; and to provide TIN services NSDL has appointed Religare to commence the same. Starting with more than 100 centres today, it is growing at a rapid pace to cover a Pan- India network equipped with the right insight and technology.
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Electronic Return Acceptance and Consolidation System (ERACS)
Which consists of an infrastructure for interface with the taxpayers (a nationwide network of TIN-Facilitation Centre’s i.e. TIN-FC) and a web-based utility for upload of electronic returns of Tax Deduction at Source (TDS) & Tax Collection at Source (TCS) and Annual Information Return (AIR) to the central system of TIN.
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Online Tax Accounting System (OLTAS)
For daily upload to the central system, the details of tax deposited in various tax collecting branches across the country.
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Central PAN Ledger Generation System (CPLGS)
Which is the central system that consolidates for each PAN:
i. Details of tax deducted/collected on its behalf (TDS/TCS) which is obtained by matching the TDS/TCS returns submitted by the deductors/collectors with the tax deposit (challan) information from the banks.
ii. Details of the tax deposited (advance tax/self assessment tax) directly by the taxpayer with the bank.