The Income Tax Department of India follows a transparent process for filing your tax returns. Amongst various processes involved, one of the most important things is TDS or Tax Deducted at Source.
What seemed daunting once has become easier now, thanks to the simplified process of filing tax returns. As part of the detail-oriented TDS process, a unique number called BIN or Book Identification Number is generated.
It is a mandate to state the BIN on your TDS statement. Any discrepancy related to BIN can even lead to a rejection. To understand more about BIN details and the BIN view process, read on.
Before learning about the BIN, you need to understand the TDS process. This is because BIN is a critical component of the process. During this process, it is a mandate for deductors to fill in Form 24G every month.
After completing the form, as a deductor, you have to submit the same to DDO or Drawing and Disbursement Officer for further processing. After this, a unique number is generated and issued to the deductor.
You can find this number on the NSDL Tax Information website. This is known as BIN and, quoting the number is mandatory for all government deductors who report TDS through bank challans without making payments.
Note that the BIN has to be included on the quarterly TDS statement. Any deviation from this step can even result in rejection of your returns.
You can contact the concerned Assessing Officer (AO) to understand BIN view details. Alternatively, you can visit the online portal of Tax Information Network and access the relevant BIN details.
Follow the steps mentioned here to view BIN details:
Step 1: Visit the TIN (Tax Information Network) portal
Step 2: Select the BIN verification link to access the ‘BIN View’ page
Step 3: Enter correct TAN, AIN details and mention the nature of payment
Step 4: Choose the period range of filing Form 24G
Step 5: Key in the right captcha code
Step 6: Click on the ‘View Bin Details’ tab
That’s all it takes to retrieve BIN View details. Note that you may be provided with several options under the ‘Nature of Payment’ tab. You can choose a specific form type to check or view your BIN status here.
However, if you require BIN details for all forms simultaneously, simply choose that option from the menu. Remember that the viewing BIN in the TDS process is extremely critical; otherwise, it can result in the rejection of your TDS returns.
With an idea of the process and important details you need to enter, ensure you submit your TAN details. TAN is simply the Tax Deduction and Collection Account Number, a 10-digit number provided by the Income Tax Department.
Whenever you file TDS, you need to provide your TAN details. Similarly, entering accurate TAN information is critical to check the BIN view status on the TIN portal. Another pointer to consider is the period range.
Select the period within 15 months when entering the month and year range for filing Form 24G. Also, you can access the BIN details for Form 24G filed from the financial year 2010-11 onwards.
However, suppose you cannot access BIN details for the selected period. In this case, you may have to contact your Pay and Accounts Office or your District Treasury Office, where TDS is usually reported.
Remember that BIN is generated only for all DDO records having accurate TAN (Tax Deduction and Collection Account Number) details. Furthermore, you can initiate an online BIN view or download for only a year.
The file you download is available as a separate text file with a carat (^) symbol. You can extract the .zip file and use the specific password, which is AIN (Account Office Identification Number) details.
Simply put, by accessing TIN, BIN view is possible, provided you enter all details accurately.
Your BIN is a unique identification number containing the following elements:
DDO Serial Number
The receipt number contains seven digits and is generated specifically for each Form 24G statement. Remember that this unique number is accepted centrally at TIN.
The DDO number is another unique number containing five digits. This number is created for each DDO transaction reported in your Form 24G. Finally, the date on your BIN View details refers to the last date of the month for which this Form 24G is filed.
This way, you can visit the online portal of TIN to view BIN details. Note that by selecting the right period of Form 24G, the BIN view is easily accessible.
As mentioned, BIN and the specific TDS amount must be stated in the quarterly TDS statements, which a DDO usually files. PAO verifies this information. In case of any mismatch, there will be no credit.
So, it is crucial to report the BIN accurately in TDS statements, and the number has to match the corresponding amount in the TDS statement that a DDO files. As mentioned earlier, you have to raise a request online to verify your BIN information. This helps initiate both BIN view login and verification.
Once you access the BIN View page on the TIN portal, you must provide all essential details. Furthermore, it leads you to a new page providing BIN details for your chosen period. If you get a message stating the amount matched, your BIN is valid. However, when the amount does not match, it indicates the status of your BIN as invalid.
You can request it for a maximum period of 12 months.
An Assessing Officer (AO) or PAO generates BIN.
BIN helps verify TDS claims, which are deposited through bank challans without making any payment.