What is TIN ? and who can apply for TIN?  

hi there

The Income Tax Department has been regularly introducing few measures to unearth black money. Tax on cash withdrawals and the annual information returns (AIR) are only few to be named. Now it has come up with TIN - Tax Information Network. Though it was announced in the Union Budget 2003-04, this is the second phase of the proposed system. We will look into the features of TIN, the objectives and the benefits to the government.

Features of TIN

The banking system will be linked to the TIN central system.

The banks will be providing online accounting information on tax paid by various entities to the TIN central system.

TIN also provides direct uploading by deductors through a web interface.

TIN design provides TIN Facilitation Centres for different entities having different computer skills.

Objectives of TIN

The demat of TDS/TCS certificates will enable paperless filing of I-T returns by assessees.

The cross verification of the TDS and the TCS by the various organisations (deductors) with the credit claimed by the respective assessees will also help in eliminating TDS frauds.

e-filing of TDS returns by the Government and corporate employer organisations will eliminate the need to enclose copies of challans and other documents and thus lead to a marked reduction in the cost of tax compliance.

The computerisation of AIRs on high value transactions will result in eventual widening and deepening of the country's tax base.

Benefits to the Government from TIN

Tax deducted at source (TDS) and advance tax payments are to be monitored through TIN.

The network will process data on tax payers filing returns on the basis of their permanent account number (PAN).

Amendments to the Prevention of Money Laundering Act and the setting up of Financial Intelligence Unit will also aid in tracking down tax offenders.

Investigation and audit are also to be strengthened to boost collections.

Source :

http://finance.indiamart. com/taxation/tax_information_n etwork.html

Answered by Reeta K at 1:13 PM on September 24, 2008

TIN IS CALLED AS TRADERS IDENTIFICATION NUMBER. ANY ONE WHO IS DOING OR WILLING TO DO BUSINESS CAN APPLY.

Answered by Faisal Basha at 9:17 PM on September 15, 2008

Tax Information Network (TIN), a repository of nationwide Tax related information, 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 modernisation of the current system for collection, processing, monitoring and accounting of direct taxes using information technology.

TIN has three key sub-systems:

Electronic Return Acceptance and Consolidation System (ERACS) which consists of an infrastructure for interface with the taxpayers (a nation wide network of TIN-Facilitation Centres 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.
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.
Central PAN Ledger Generation System (CPLGS) which is the central system that consolidates for each PAN:
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;
details of the tax deposited (advance tax/self assessment tax) directly by the taxpayer with the bank;


Services through TIN-FC:

Through its network of TIN-Facilitation centres all over the country, TIN offers the following services:

Acceptance of electronic and physical TDS/TCS Returns;
Processing of new PAN and PAN change request applications;
Processing of new TAN and TAN change request applications;
Acceptance of AIR;
Registration by a PAN holder for viewing its annual tax statement (Form 26AS);
Quarterly Statement Status - Deductors can access details of their statements including financial details through the TIN-FC who has uploaded their statements.


Online Services:

TIN provides the following Online Services through this website:


View Annual Tax Statement (Form 26AS)

Facility for a PAN holder to view the details of tax deducted/collected on its behalf and also tax paid by itself.

Quarterly Statement Status:

Facility for deductors to verify status of e-TDS/TCS statements submitted to TIN-FC or online at this website by providing TAN and respective provisional receipt number (PRN).
Besides this, a deductor can also check:
whether challans in statements have been matched with challans uploaded by banks;
number of deductees whose PAN accounts have been booked;
line number of deductees in statements whose PAN accounts could not be booked;
whether a specific PAN account has been booked.

Acceptance of returns/statements:

Facility to submit TDS/TCS statements and related correction statements through internet.
Facility to submit Annual Information Returns (AIR) and related supplementary returns through internet.

e-tax payment:

Facility to pay tax online, wherein the taxpayer can fill up and submit the challan through Internet. The tax payer has to necessarily have a bank account with net banking facility in any of the stipulated banks.
OLTAS Challan Status enquiry:

Facility for tax payers to enquire online about the status of challans deposited in banks.
PAN:



Facility to apply for PAN online;
Reprint of PAN card with existing/revised details;
Status enquiry.

TAN:



Facility to apply for TAN online;
Reprint of TAN allotment letter with existing/revised details;
Status enquiry.

e-RI:



Facility to register as an e-Return Intermediary (e-RI). (An e-RI is an entity authorised by ITD to electronically file income tax returns on behalf of tax payers.)

Answered by Prasad at 7:58 PM on September 15, 2008

TIN is shortform of "Tax Payer Indentification Number" This number is same for all over India for your tax purpose.Any murchant or firm can apply who are libel to pay VAT or CST.

Answered by Prasanna at 11:08 AM on September 14, 2008

TIN Number is the Tax registration identification number,for the purpose of collection of commercial taxes,allocated by the Commercial tax department.Earlier to imposition of value added taxes,it used to be called as Tamilnadu general sales tax registration(TNGST) each state had its own different ways of registration.Under the Value added tax system ,By one single number the activities of registered dealer irrespective of to which state he is registered in ,the tax details could be assessed both commercial transactions within the state as well sales done outside the state.

Answered by Iyer56 at 7:36 AM on September 14, 2008

A Taxpayer Identification Number (TIN) is an identification number used by the Internal Revenue Service (IRS) in the administration of tax laws.

http://www.socialsecu rity.gov/online/ss-5.pdf

Answered by kiran kumar at 1:40 AM on September 14, 2008

All the business has its own image and entity and the tax identification number is used to identify this entity. Simply to be said that it is used to identify employer's tax accounts. It is also known as Employer Identification Number (EIN) or Taxpayer Identification Number (TIN). The Federal Tax Identification Number or Employer Tax Identification Number or EIN is a nine digit number and it is used to fulfill most of your business needs. It is to be mentioned that, Internal Revenue Service (IRS) assigns the federal tax ID number to identify the business.

The employer, sole proprietor, trust, non profit organization, partnership or other business entities may use this tax ID number. One can easily apply for a new tax identification number though there is already an EIN, due to the changes of ownership or some certain circumstances.


To get a TIN number, you have to visit your nearest VAT Office. Apply for the Registration in Form - 1, along with a fee of Rs. 500 plus initial deposit, as demanded by the Officer. You will get the TIN number within half an hour.

Answered by SESHAN at 12:56 PM on September 12, 2008