Tax Deductor & Collector
TAX DEDUCTED AT SOURCE (TDS)
Tax Deducted at Source (TDS) is a procedure implemented by the Indian government to collect taxes at the source of income. A certain percentage of tax is deducted by the payer at the time of making payments to the receiver, and this amount is then remitted to the government. TDS is applicable to a wide range of income categories such as salaries, interest on fixed deposits, rent, commissions, etc. TDS helps prevent tax evasion and understanding it is crucial for both payers and receivers of income in India.
TDS has to be deducted at the rates prescribed by the tax department. The company or person that makes the payment after deducting TDS is called a deductor and the company or person receiving the payment is called the deducted.
It is the deductor’s responsibility to deduct TDS before making the payment and deposit the same with the government. TDS is deducted irrespective of the mode of payment–cash, cheque or credit–and is linked to the PAN of the deductor and deducted.
TAX COLLECTOR
Tax Collectors are independent constitutional officers duly elected from their counties of residence by their fellow citizens and taxpayers. It is this independence coupled with the fact that Tax Collectors deal with a variety of duties and responsibilities and provide a myriad of important public services, that allow them to exercise valuable leadership roles in Florida’s government.
The elected country office of Tax Collector in Florida was established in the 1885 State Constitution based on the idea that local taxes could best be collected at the local level. By being an elected office the Tax Collector would be more responsible to the needs of the community from which he was elected.
Along with their involvement in their own personnel and financial management matters, Tax Collectors participate in the management of the executive branches of state government which include the Fish and Wildlife Conservation Commission, the Department of Highway Safety and Motor Vehicles and the Department of Revenue.
The Tax Collector sees all of these departments as a whole and, consequently, is able to coordinate and analyze the impact they have collectively. Staff members from various departments of state along with state legislators should and do draw heavily on the broad base of knowledge accumulated by the Tax Collectors in drafting tax legislation and establishing rules and regulations for carrying out the laws regarding the collection of taxes.
STEPS TO REGISTER DEDUCTOR OR COLLECTOR ON E-FILING PORTAL
- Visit E-Filing Portal
Click on the option to register.
- Tax Deductor And Collector
Click Others and select the Category as Tax Deductor and Collector.
- Validate TAN
Enter the TAN of the Organization and click Validate.
- Tan Available In Database
If the TAN is available in the database, registered with TRACES and the registration request is not raised already and pending for approval:
- Click Continue to view the Basic Details page
- The basic details are pre-filled. Click Continue
- TAN available in the database but not registered on TRACES
If the TAN is available in the database, but not registered with TRACES and registration request is not raised already and pending for approval:
a. Click Continue to view the TRACES page
b. Click Register with e-Filing on TRACES to view the Basic Details page
c. Enter the basic details as required and click Continue
- Enter required detail
Fill in the details of the person making payments or collecting tax and click Continue.
- Contact Details
Provide the contact details including Primary Mobile Number, email ID and Postal Address. Click Co
- Validate OTP
Two separate OTPs are sent to your primary mobile number and email ID. Enter the separate 6-digit OTPs received on your mobile number and email ID and click Continue.
- Review Details
On the Verify Details page, review the details provided and edit the details if necessary. Click Confirm.
- Set Password
On the Set Password page, enter your desired password in both the Set Password and Confirm Password textboxes, set your personalized message, and click Register.
- Success Message
A success message is displayed along with the transaction ID. Please keep a note of the Transaction ID for future reference. The registration process is complete upon receiving approval from the competent authority.
