TDS/TCS Statement – Online Filing

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Steps for filing TDS/ TCS Statement online:

Step – I

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

Step – II

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 Return Preparation Utility provided by NSDL or any other third party software

Step – III

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

Step – IV

In case the 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 – V

Generated .fvu file can be submitted at TIN-FC or uploaded at website. The link below takes you to a user manual which  guides you to Upload the statement.

Click here to view TDS Statement Upload/View – User Manual.

For Online upload of TDS/TCS Statement, registration of organisation at is mandatory



Charitable Trust – TDS on Expenditure

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As per the Budget proposal for 2018-19, if the charitable trust does not deduct TDS as expenses in which it was supposed to do so, 30% of such expenditure will be disallowed.

The text in the Finance Bill 2018 reads as under:

Tax deduction at source and manner of payment in respect of certain exempt entities

The third proviso to clause (23C) of section 10 of the Act provides for exemption in respect of income of the entities referred to in sub-clause (iv) or sub-clause (v) or sub-clause (vi) or sub-clause (via) of said clause in a case where such income is applied or accumulated during the previous year for certain purposes in accordance with the relevant provisions. Section 11 of the Act also contains provisions relating to income from property held for charitable or religious purposes.

At present, there are no restrictions on payments made in cash by charitable or religious trusts or institutions. There are also no checks on whether such trusts or institutions follow the provisions of deduction of tax at source under Chapter XVII-B of the Act. This has led to lack of an audit trail for verification of application of income.

In order to encourage a less cash economy and to reduce the generation and circulation of black money, it is proposed to insert a new Explanation to the section 11 to provide that for the purposes of determining the application of income under the provisions of sub-section (1) of the said section, the provisions of sub-clause (ia) of clause (a) of section 40, and of sub-sections (3) and (3A) of section 40A, shall, mutatis mutandis, apply as they apply in computing the income chargeable under the head “Profits and gains of business or profession”.

It is also proposed to insert a similar proviso in clause (23C) of section 10 so as to provide similar restriction as above on the entities exempt under sub-clauses (iv), (v), (vi) or (via) of said clause in respect of application of income.

These amendments will take effect from 1st April, 2019 and will, accordingly, apply in relation to the assessment year 2019-20 and subsequent years.


TDS on Interest for senior citizens

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As per the budget proposal of 2018-19, for senior citizens there needs to be no TDS deducted on interest upto Rs. 50,000/- under section 194A. Earlier this limit was Rs. 10,000/-. This limit is applicable on deposits with banks, deposits with post office, fixed deposit schemes and recurring deposit schemes.

The rate of TDS applicable is 10% if PAN is furnished and 20% if no PAN is furnished.


TDS Returns Software for FY: 2018-19 Released – Avail Early Bird Offer

We are pleased to announce the release of TDSMAN (FY: 2018-19) – one of the most comprehensive and popular software for TDS Returns. It will serve you for:

  • All TDS Returns for FY: 2018-19
  • TDS Returns for Quarter 4 – FY: 2017-18
  • Pending TDS Returns of earlier years, if any
  • Rectification of TDS Defaults

The Standard Edition of TDSMAN (FY: 2018-19) is priced at Rs. 3,900 and Professional Edition at Rs. 7,400. We are pleased to offer you a special ‘early bird’ discount of Rs. 400/- and Rs. 900/- on the regular price for the respective editions. GST @ 18% extra. Use Promo Code EBIRD while ordering.

Click Here to place your Order online.

TDSMAN is packaged with advanced corrective and validation features that help you prepare zero error TDS Returns. Visit for more information.

Click Here to download the Trial Version of TDSMAN (FY: 2018-19) for your evaluation.
Click Here to place your Order online.

This discount is valid for limited period.