RbiSearchHeader

Press escape key to go back

Past Searches

Theme
Theme
Text Size
Text Size
S2

Notification Marquee

RBI Announcements
RBI Announcements

RbiAnnouncementWeb

RBI Announcements
RBI Announcements

Asset Publisher

79296391

On-line Tax Accounting System (OLTAS) - Participation of Branches

RBI/2004/181
DGBA.GAD.No. H-235/42.01.034/2004-05

September 15, 2004

The Chairman and Managing Director /
Managing Director
State Bank of India and its Associates /
All Public Sector Banks /
HDFC Bank Ltd. / ICICI Bank Ltd. /
UTI Bank Ltd. / IDBI Bank Ltd. and
Jammu & Kashmir Bank Ltd.

Dear Sir,

On-line Tax Accounting System (OLTAS) - Participation of Branches

It has been brought to our notice by the Directorate of Income Tax (Systems), New Delhi that as many as 1384 authorised branches of Agency Banks did not upload the challan data to Income Tax Department's Tax Information Network (TIN) during the period September 6-11, 2004. Despite stressing the importance of participation in OLTAS by all authorised branches in seminars/workshops at several places across the country and reiterating the same through various circulars, reporting of tax data has not reached the desired level even after more than three months of its formal roll out.

2. In this connection, attention of agency banks is also invited to the discussion held in the meeting of OLTAS Technical Committee on July 21, 2004 at Indian Bank’s Association, Mumbai wherein, urgency of participation of all tax collecting bank branches was re-emphasised and all the banks had committed to ensure 100% transmission of tax data by their branches to TIN. Income Tax Department has, therefore, expressed serious concern about non-uploading of data to TIN by such a large number of branches.

3. With a view to ensuring full participation of authorised branches, you are once again requested to direct all Controlling Offices of your bank to do close monitoring of authorised branches as well as nodal branches under their jurisdiction and ensure that each and every challan record is transmitted to TIN by every branch where tax collection has been made. It is reiterated that a nil statement (Record Type 02) may be transmitted to the nodal branch where there has been no collection during the day so that implementation of OLTAS is monitored properly by TIN.

4. It is also emphasized that the data transmitted to TIN is correct and complete and conforms with the stipulated procedures.

5. Please acknowledge receipt.

Yours faithfully,

Sd/-

(M.T.Varghese)
General Manager


RbiTtsCommonUtility

प्ले हो रहा है
শুনুন

Related Assets

RBI-Install-RBI-Content-Global

RbiSocialMediaUtility

রিজার্ভ ব্যাঙ্ক অফ ইন্ডিয়া মোবাইল অ্যাপ্লিকেশন ইনস্টল করুন এবং সাম্প্রতিক সংবাদগুলিতে দ্রুত অ্যাক্সেস পান!

Scan Your QR code to Install our app

RbiWasItHelpfulUtility

এই পেজটি কি সহায়ক ছিল?