BIN a.k.a. Book Identification Number has been made mandatory by the government of India for deductors who report TDS without any payments through bank challans. The BIN or Book Identification Number is a verification key that is unique in nature and is provided to the DDO by the Assessing Officer (AO). The BIN(Book Identification Number) needs to be filled in the statement of TCS/TDS according to the information that is available in the Book Identification Number View. Through this blog, we will learn about the process to perform a verification of BIN or Book Identification Number.
A BIN or Book Identification Number will be generated when all the following conditions have been met:
The amount of TDS and all the details related to BIN(Book Identification Number) are reported in the quaterly statement of TDS that is filed by the DDO. All the submitted details will be cross-checked by the details that are present in the Form Number 24G which is filed by the PAO in order to verify the details. If in this process, any detail or information is found to be invalid or incorrect, then the attempted verification will result in a mismatch of details and the credit of deductee will not be present in Form 26AS. Hence, the BIN(Book Identification Number) distributed by the respective PAOs and the amount of TDS statement needs to be reported quite accurately.
The following steps need to be followed by the user in order to verify his BIN (Book Identification Number) by submitting an online request.
The BIN(Book Identification Number) Status will appear on your screen with either of the two options:
Some important points that you need to remember regrading BIN(Book Identification Number):