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What is Challan Identification Number (CIN) and what is its relevance?

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What is Challan Identification Number (CIN) and what is its relevance?

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A6 Challan Identification Number (CIN) has three parts * Seven digit BSR code of the bank branch where tax is deposited * Date of Deposit (DD/MM/YY) of tax * Serial Number of Challan CIN is stamped on the acknowledgement receipt to uniquely identify the tax payment. CIN has to be quoted in the return of income as a proof of payment. CIN is also to be quoted in any further enquiry. Therefore you must ensure that CIN (comprising the above three parts) is stamped on the Challan by the bank. If not immediately contact the bank manager and insist on CIN.The Reserve Bank of India has already passed an order dated April 1 2004 making it compulsory for all tax collecting branches of banks to use a rubber stamp acknowledgement that carries CIN. A separate CIN is given for each challan deposited. If the Bank Manager is unable to resolve the issue you should address your grievance to the Bank’s Regional Manager and the Regional Office of Reserve Bank of India for redressal.

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