rajesh (account assistant) (24 Points)
08 October 2009DEAR SIR .
SIR I WANT TO KNOW ABOUT TDS FILLING , WHICH FORM IS RETURN FILE QUATERLY AND ANUALY , PLEASE SEND IF YOU HAVE FORM FORMAT SO PLEASE SEND ME , AND HOW TO FILLUP FORM IT IS A CONTRACT BASIC JOB LIKE LABOUR JOB AND SECOND COMMISION BASIC TDS
PLEASE VERY URGENTLY
PRAVEEN KUMAR
(MBA (Finance) B.Com.(P))
(3443 Points)
Replied 09 October 2009
Procedure For e-filing Of TDS Returns 1. Objective: The basic objectives of computerization of TDS returns is to cut down the compliance cost for deductors, to correlate deduction of taxes made by deductors with the deposit of the deducted tax in the Government account in a designated bank/and correlate deduction of tax by the deductors with the corresponding credits claimed by the deductees. In phase-I of TIN it is proposed to receive the electronic TDS returns of corporate deductors and to digitise the paper TDS returns of other deductors. In Phase-II of TIN the work relating to dematerialization of TDS certificates will be taken up so that cross verification of deduction by the Deductors with the claims of deductees can be carried out. Some of the issues pertaining to this scheme are explained in the form of Frequently Asked Questions
(FAQs) and are
2. Scheme for Electronic Filing of TDS returns: The Board Circular No.8 procedure basically envisages that corporate deductors will prepare their TDS returns in the new TDS return Forms notified by structure stored on CD ROM and supported by a duly signed control chart in 27A the Board . 3. e -TDS Administrator and e-TDS Intermediary: The CBDT has appointed Director General of Income-tax (Systems) as e-TDS Administrator. Separately, M/s National Securities Depository Limited (NSDL), who are also the agency hosting TIN, have been appointed as e-TDS Intermediary. During the current financial year, NSDL will be opening their front offices stations NSDL w.e.f. 19.01.2004 will set up their front offices called Centre 19.01.2004. NSDL will set up their front offices at 65 stations more during the next financial year so that they will have presence at all stations where administrative CsIT are located. 4. Procedure for allotment of TAN: 4.1 reformatted returns. A large number of deductors have already obtained these re -formatted TANs which are unique countrywide. Wherever TAN has not been allotted or old TANs have not been reformatted, applications in Form 49B can be filed with NSDL. All old applications for allotment of new TAN/ reformatted TAN pending in the Department, will be disposed at the earliest. 4.2 allotment of TAN at their front offices for fee of Rs.50/- to be paid by the applicant to them. The data in respect o f such TAN applications will be entered by NSDL and sent to National Computer Centre (NCC) of Income-tax Department and the respective computer centres on-line . The allotment of TAN will be done by the intimate the same to the applicant. 5. Preparation of e-TDS returns: 5.1 control chart in 31.7.2003 consequent upon amendment to returns have to be prepared in these structure structure of e-TDS returns is compatible with the departmental application software for processing the same. 5.2 NSDL ( NSDL. While preparing the e-TDS returns, the deductor has to ensure that following mandatory requirements listed in 19.9.2003, are complied with : (i) Tax deduction Account Number (TAN) of the deductor is clearly mentioned in the TDS return as also on sub-section (2) cases where TAN is not available the e-TDS returns will also be accepted if the same is accompanied with an application in for allotment or for reformatting. (ii) Full particulars relating to deposit of tax deducted at source, in the designated bank are correctly and properly filled in the table at item No.6 of Form No.27 (iii) The data in the e-TDS return is as per the by the e-Filing Administrator. (iv) The Control Chart in and enclosed in paper form with the return on computer media. (v) The Control Totals of the amount paid and the tax deducted at source as mentioned at item No.3 of corresponding totals in the e-TDS return in No. 26 In case any of these mandatory requirements are not fulfilled, the e -TDS return will not be received by the e -TDS intermediary. 5.3 store the data on a CD ROM, enclose the control chart ( format) and submit these at any of the front offices of NSDL. Although the scheme permits e-TDS returns to be prepared on a floppy, it would be preferable that these are prepared on a CD ROM to avoid any loss of data, viruses etc. 6. Filing of e-TDS returns: 6.1 being opened by NSDL at carryout validation checks on the e -TDS returns to ensure compliance with above five parameters, and a provisional receipt will be issued on successful validation. 6.2 Section 139A(5 B) the TDS returns. Wherever PAN of deductees is not mentioned by a deductor in his e-TDS return, this fact will be recorded on the provisional receipt as deficiency, to be removed by the deductor. However, in such cases, NSDL will accept the e -TDS returns. The deficiency can be removed by the deductor within 7 days, failing which the e-TDS returns will be sent by NSDL to the Department indicating the deficiency therein for appropriate action by the concerned A.O. 7. Upload Charges: Since e-filing of TDS returns will reduce the voluminous paper work involved in filing of paper TDS returns and enclosures thereby significantly reducing the compliance cost of deductors, the e -intermediary i.e. NSDL have been authorised to collect service charges in respect of the various services being rendered by them to the deductors for upload of e-TDS returns at the following rates: Category of e-TDS return Upload charges Returns having records of up to 100 deductee records Rs.25/- Returns having records of 101 to 1000 deductee records Rs. 150/- Returns having records of more than 1000 deductee records Rs.500/- Service tax if any will be payable by deductors in addition to the above.
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