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Tds return

CA PuRvI M!$rA (-) (2260 Points)

01 February 2013

How to file TDS/TCS return? Please explain the full procedure?

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MD. RAFI (Manager Accounts (future CA)) (670 Points)
Replied 01 February 2013

Originally posted by : CA PuRvI M!$rA
	How to file TDS/TCS return? Please explain the full procedure?

use the following link, you will get required details
https://www.tin-nsdl.com/etds-etcs/eTDS-RPU.php

https://www.tin-nsdl.com/etds-etcs/eTDS-steps.php

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Simran (Student) (1165 Points)
Replied 04 February 2013

Hello Friends… Here are the 5 Steps to e-TDS/e-TCS return. Hope you all find this article helpful. Thank you

5 Steps to e-TDS/e-TCS Return

Step1

The data structure (file format) in which the e-TDS / e-TCS return is to be prepared has been notified below:

(a) Annual e-TDS Return :

(b) Annual e-TCS Return :

File Format for Form 27E

(c) Quarterly Return :

For Regular Statements pertaining to FY 2010-11 onwards:

For Regular Statements up to FY 2009-10

For Correction statements pertaining to FY 2010-11 onwards:

For correction statements up to FY 2009-10:

You can download these files from www.tin-nsdl.com.

Step2

e-TDS/e-TCS return in accordance with the file formats is to be prepared in clean text ASCII format with 'txt' as filename extension. e-TDS/e-TCS return can be prepared using in-house software, any other third party software or the TDSMAN software

You can see the sample files prepared as per the file formats from www.tin-nsdl.com.

A popular software for filing e-TDS/e-TCS return is TDSMAN.

TDSMAN is the complete tds software exclusively designed as per system specified by the NSDL in line with the requirements of the Income Tax Department, Govt. of India.

It is a simple eTDS software, which will assist in processing your returns pertaining to forms 24Q, 26Q, 27Q & 27EQ .This TDS software also prints TDS certificates - form 16, form 16A.

TDSMAN is rated the Number 1 eTDS software having the highest acceptance percentage of TDS / TCS correction returns as per the latest data of “Software vendor-wise percentage of correction TDS / TCS statements accepted and rejected at TIN” published by NSDL as of 30th September 2012.

You can download this software from https://www.tdsman.com/Trial-Form.aspx

Steps for filing TDS / TCS returns in TDSMAN Software are very simple, they are as follows:

Create Company Master (if not already created).
Select TDS/TCS Form (24Q, 26Q, 27Q, 27EQ) from the “Regular Returns” menu.
In the Form, select the Financial Year, Quarter and Company and proceed with providing Challan and corresponding Deductee details.
After completion of all entries, generate the return and complete the validation process.
The validated file is to be copied on CD / Floppy / Pen drive for submission or upload.
Print Form 27A or 27B (as applicable) that is accompanied along with the CD / Floppy/ Pen Drive
The Receipt No. received on acceptance of the return is to be recorded as it is used at the time of printing TDS/ TCS certificates.

Step3

Once the file has been prepared as per the file format, it should be verified using the File Validation Utility (FVU) provided by NSDL.

* FVU for Annual Returns: e-TDS / e-TCS returns prepared for FY 2004-05 (Forms 24, 26, 27 and 27E) can be validated using this utility.

* FVU for Quarterly Returns: e-TDS / e-TCS returns prepared upto FY 2009-10 and onwards (i.e. Forms 24Q, 26Q, 27Q and 27EQ) can be validated using this utility.

* FVU for Quarterly Returns: e-TDS / e-TCS returns prepared for FY 2010-11 and onwards (i.e. Forms 24Q, 26Q, 27Q and 27EQ) can be validated using this utility.

Step 4

In case file has any errors the FVU will give a report of the errors. Rectify the errors and verify the file again through the FVU.

Step 5

The upload file generated by the FVU on successful validation is to be furnished to a TIN-FC or directly uploaded through the NSDL web-site.

Annual Returns:

Each e-TDS return saved in a CD/Pen Drive to be submitted along with a signed copy of the control chart (Form 27A).

Each e-TCS return saved in a CD/Pen Drive to be submitted along with a signed copy of the control chart (Form 27B).

Quarterly Returns:

Each e-TDS/TCS return saved in a CD/Pen Drive to be submitted along with a signed copy of the control chart (Form 27A).