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eTDS (electronic filing of Tax Deduction at Source) |
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eTDS (electronic filing of Tax Deduction at Source) Software is a simple solution for the convertion of TDS/TCS(Tax Deduction at Source / Tax Converted at Source) data to the format specified by NSDL for Quarterly statements or Annual returns. TDS software not only generates the file for TDS/TCS returns, also assists you in generation of Paper TDS returns and TDS certificates. The Built-In FVU( File Validation Utility) validates your data to be perfect for filing. That means no more messages "Errors Found During Validation". |
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Why eTDS? |
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Electronic TDS is a software for calculating Tax Deducted at Source (TDS). This package helps to compute TDS under different heads of the Income-tax Act. It also computes Tax Rebate/ Relief Under Sections 88, 88B, 88C etc. and Tax Deductions Under Section 80CCC to 80U. |
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With each entry Tax Deducted at Source will be automatically calculated. Grouping of deductees under different deducters can be effectively managed. Payment & Deposit details can be easily maintained and administered. The software has very sophisticated and user friendly touch. Printouts of TDS Certificate / TDS Returns/ Forms / Reports / Challans can be obtained as per the users convenience. (Form 16, Form 12BA, Form 16A, Challan 269, 271, Annual Returns - Form 24, Form 26A, Form 26BB, Form 26C, Form 26D, Form 26F, Form 26H, Form 26I, Form 26J, Form 26K, Form 27 & Worksheet) |
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e-TDS Return |
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e-TDS return is a TDS return prepared in form No.24,26 or 27 in electronic media as per prescribed data structure in either a floppy or a CD ROM. The floppy or CD ROM prepared should be accompanied by a signed verification in Form No.27A. |
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As per Section 206 of Income Tax Act all corporate and government deductors are compulsorily required to file their TDS return on electronic media (i.e. e-TDS returns). However, for other Deductors, filing of e-TDS return is optional. |
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An e-TDS return should be filed under Section 206 of the Income Tax Act in accordance with the scheme dated 26.8.03 for electronic filing of TDS return notified by the CBDT for this purpose. CBDT Circular No.8 dated 19.9.03 may also be referred. |
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e-TDS return has to be prepared in the data format issued by e-Filing Administrator. This is available on the websites of Income-tax Department at i.e. www.incometaxindia.gov.in and of NSDL at www.tin-nsdl.com. There is a validation software available along with the data structure which should be used to validate the data structure of the e-TDS return prepared. The e TDS return should have following features:
- Each e-TDS return file (Form 24, 26 or 27) should be in a separate CD/floppy.
- Each e-TDS return file should be accompanied by a duly filled and signed (by an authorised signatory) Form 27A in physical form.
- Each e-TDS return file should be in one CD/floppy. It should not span across multiple floppies.
- In case the size of an e-TDS return file exceeds the capacity of one floppy, it should be furnished on a CD.
- In case the e-TDS return file is in a compressed form at, it should be compressed using Winzip 8.1 or ZipItFast 3.0 compression utility only to ensure quick and smooth acceptance of the file.
- Label should be affixed on each CD/floppy mentioning name of the deductor, his TAN, Form no. (24, 26 or 27) and period to which the return pertains.
- There should be not any overwriting / striking on Form 27A. If there is any, then the same should be ratified by an authorised signatory.
- No bank challan, copy of TDS certificate should be furnished alongwith e-TDS return file.
- In case of Form 26 and 27, deductor need not furnish physical copies of certificates of no deduction or lower deduction of TDS received from deductees.
- In case of Form 24 deductor should furnish physical copies of certificates of 'no deduction or deduction of TDS at lower rate', if any, received from deductees.
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e-TDS return file should contain TAN of the deductor without which the return will not be accepted.
- CD/floppy should be virus free.
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