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TDS E-Filling

Rohit (46 Points)

10 May 2007

whether the date of issue of tds certificate is mendetory in e-fillling return or not.

I have heard that from A.Y. 2007-08, issue of TDS certificate will not be there....if any notification is issued in regard of non-issuance oTDS certificate....kindly reply

Waiting for the reply....

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5 Replies

Sunil (82 Points)
Replied 10 May 2007

Good Day!!

no its not necessary!!

SD

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TDS e-filling Formet

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TDS return e filling

Ramakrishna (Financial Executive) (438 Points)
Replied 29 October 2007

Dear Rohit, TDS certificates are issued under the authority Section 203(1) & (2) for the tax deducted in the case of the deductee. Section 203(3) states that issue of such a certificate is not required from 01.04.2008. This is because the credit for TDS to any deductee would be given by the IT department itself based on the e-TDS return filed by his tax deductor. The filing of the e-TDS returns involves the process of mentioning the TDS amount along with the PAN of the deductee apart from the various other particulars to be filed. The TDS credit is tranferred on the basis of the PAN of the deductee. That is why the quoting of PAN of deductees has been made mandatory upto 90% in FORM 24Q(salary cases) and upto 70% in FORM 26Q (non salary payments). Is it right?

SENDHIL (70 Points)
Replied 22 January 2008

Dear all, Can you please guide for the follwoing ...we are a training company based in tamil nadu, started out Franchise and the franchise will be collecting the money for the candidates on behalf of us and deposit on weely basis to our account and the same we will be paying their amount ( 60%) and we retain the balace 40% as royalty/fee for th trainers.. 1. should we ahve to deduct the TDS 2. how to deduct the SEr tax 3. is there there any benefit if you call the name as fee or royalty