The Book Identification Number (BIN) quoting has been termed mandatory for government deductors, who are reporting TDS without payment through bank challans. The BIN is a unique verification key, that is disseminated by the Assessing Officer (AO) to the corresponding DDO should be correctly filled in the TDS/TCS statement, in accordance with the information which is available in the BIN view.
When is BIN generated?
- Based upon the details submitted by the DDOs, the respective DTO/PAO will file Form No.24G (which is a monthly e-TDS return).
- On the successful filing of Form No.24G, a unique Book Identification Number will be stated on the Tax Information Network (NSDL) after the respective Principal Accounts Officer files monthly statements with Form 24G.
- This BIN needs to be quoted in the quarterly returns. The user may contact the respective Assessing Officer and collect the necessary BIN details.
Consequences of non-quoting BIN
BIN details and the amount of TDS reported in the quarterly TDS statement filed by the DDO will be cross-checked with the details recorded in the Form No.24G filed by the PAO for verification purposes. In case of any incorrect information reported by the DDOs in TDS statement; the attempted verification will result in mismatch due to which the credit to the respective deductee will not be available in the Form 26AS corresponding to the deductee. Therefore, the BIN disseminated by the respective PAO should be reported accurately along with the corresponding amount in the TDS statement filed by the DDOs.
BIN Verification
Access the TIN portal
Step 1: The user has to visit the official site of the TIN portal to view/ download the Book Identification Number (BIN) Details.
Step 2: Click on the BIN verification link on the portal, the user will be guided through the following pages where BIN will be verified.
Fill in the right credentials
Step 3: The user has to complete all the following details:
- TAN Number
- Nature of Payment.
- AIN/ Treasury Number.
- The period for which the user has to view their BIN(Date).
- Captcha text image.
Step 4: Different types of options will be available in the section “Nature of Payment”. Here, the user needs to select a suitable form type from the dropdown menu for which the user needs to view/verify their BIN details.
Note: If the user needs to see the BIN-Verification details for all the form types at the same time (use: “All Form Types” option available from the drop-down menu).
Step 5: The user has to click on the “View BIN details” icon.
Verification of Amount
The verification of the amount of tax remitted to Government is optional.
Step 6: Once the above step is completed, the user will be moved to the following BIN verification page. Here, the user needs to enter the following details:
- BIN Amount (enter the amount in the suitable place corresponding to that Receipt Number & DDO serial number).
- Check the Boxes
Step 7: The user has to click on the “Verify Amount’ icon.
Step 8: The user can view their BIN verification status as it will be displayed on the screen.
BIN Verification Status- The BIN status will be displayed with any one of the following messages.
- If the status of their BIN Verification/ BIN View shows the message “Amount Matched”, it is a valid Book Identification Number (BIN) detail.
- If the status of their BIN Verification/BIN View shows the “Amount Not Matched”, it is an invalid Book Identification Number (BIN) detail.
FAQs
What is a Book Identification Number (BIN)?
A Book Identification Number (BIN) is a unique identifier assigned to a specific edition or version of a book. Unlike the ISBN, which is a globally recognized standard, a BIN might be a proprietary identifier used by a specific publisher, distributor, or retailer.
How is a BIN different from an ISBN?
While both serve the purpose of identifying books, a BIN may not adhere to the international standards like the ISBN does. It could be a system created internally by a company for their own tracking and inventory purposes.
Why would a book have a BIN instead of an ISBN?
There could be several reasons for using a BIN instead of an ISBN. For example, a publisher might use a BIN for internal tracking or inventory management, or a retailer might assign a BIN to differentiate between editions or versions of a book sold exclusively through their platform.
Practice area's of B K Goyal & Co LLP
Income Tax Return Filing | Income Tax Appeal | Income Tax Notice | GST Registration | GST Return Filing | FSSAI Registration | Company Registration | Company Audit | Company Annual Compliance | Income Tax Audit | Nidhi Company Registration| LLP Registration | Accounting in India | NGO Registration | NGO Audit | ESG | BRSR | Private Security Agency | Udyam Registration | Trademark Registration | Copyright Registration | Patent Registration | Import Export Code | Forensic Accounting and Fraud Detection | Section 8 Company | Foreign Company | 80G and 12A Certificate | FCRA Registration |DGGI Cases | Scrutiny Cases | Income Escapement Cases | Search & Seizure | CIT Appeal | ITAT Appeal | Auditors | Internal Audit | Financial Audit | Process Audit | IEC Code | CA Certification | Income Tax Penalty Notice u/s 271(1)(c) | Income Tax Notice u/s 142(1) | Income Tax Notice u/s 144 |Income Tax Notice u/s 148 | Income Tax Demand Notice | Psara License | FCRA Online
Company Registration Services in major cities of India
Company Registration in Jaipur | Company Registration in Delhi | Company Registration in Pune | Company Registration in Hyderabad | Company Registration in Bangalore | Company Registration in Chennai | Company Registration in Kolkata | Company Registration in Mumbai | Company Registration in India | Company Registration in Gurgaon | Company Registration in Noida | Company Registration in lucknow
Complete CA Services
RERA Services
Most read resources
tnreginet |rajssp | jharsewa | picme | pmkisan | webland | bonafide certificate | rent agreement format | tax audit applicability | 7/12 online maharasthra | kerala psc registration | antyodaya saral portal | appointment letter format | 115bac | section 41 of income tax act | GST Search Taxpayer | 194h | section 185 of companies act 2013 | caro 2020 | Challan 280 | itr intimation password | internal audit applicability | preliminiary expenses | mAadhar | e shram card | 194r | ec tamilnadu | 194a of income tax act | 80ddb | aaple sarkar portal | epf activation | scrap business | brsr | section 135 of companies act 2013 | depreciation on computer | section 186 of companies act 2013 | 80ttb | section 115bab | section 115ba | section 148 of income tax act | 80dd | 44ae of Income tax act | west bengal land registration | 194o of income tax act | 270a of income tax act | 80ccc | traces portal | 92e of income tax act | 142(1) of Income Tax Act | 80c of Income Tax Act | Directorate general of GST Intelligence | form 16 | section 164 of companies act | section 194a | section 138 of companies act 2013 | section 133 of companies act 2013 | rtps | patta chitta
