TDSMAN Blog

Smart & Easy TDS Software for Preparing TDS Returns

TDSMAN Blog - Smart & Easy TDS Software for Preparing TDS Returns

File your TDS returns for FY: 2016-17 (Q3) by 31st January, 2017

LAST DATE OF TDS RETURN FILING FOR Q3, FY: 2016-17 – 31st JANUARY, 2017

TDS Returns – Important

With the introduction of Section 234E, there is now a provision of stringent penalties for delayed filing of TDS returns.
• Failure to submit e-TDS Statement on time will result in fees on the deductor.
• If you delay or forget to file your e-TDS Statement, fees of Rs. 200 per day will be levied on the deductor, as long as TDS Statement is not filed.
• The levied amount of fee is not supposed to exceed the TDS deductibles.
• Prior to filing of TDS Statement such fee should be paid and it should be reflected in the TDS Statement.

Click here for more details

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File your TDS Returns (Q2) by 31st October, 2016

LAST DATE OF TDS RETURN FILING FOR QUARTER 2, FY: 2016-17 IS 31st OCTOBER, 2016

With the introduction of Section 234E, there is now a provision of stringent penalties for delayed filing of TDS returns.

• Failure to submit e-TDS Statement on time will result in fees on the deductor.
• If you delay or forget to file your e-TDS Statement, fees of Rs. 200 per day will be levied on the deductor, as long as TDS Statement is not filed.
• The levied amount of fee is not supposed to exceed the TDS deductibles.
• Prior to filing of TDS Statement such fee should be paid and it should be reflected in the TDS Statement.

Click here for more details

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Changes in procedure for online upload of e-TDS/TCS statement(s) and Annual Information return (AIR)

As you are aware, currently online upload of e-TDS/TCS statement(s) and Annual Information return (AIR) facility is provided by NSDL e-Governance Infrastructure Limited (NSDL e-Gov) on behalf of Income Tax Department (ITD). It may please be noted that from May 1, 2016, the functionality of Online Upload of e-TDS/TCS statement(s) is now available on e-filing portal of Income Tax Department.   

The Deductor must have registered the TAN at Income Tax Department’s e-Filing Portal using a valid Digital Signature Certificate. To know detailed procedure on how to register as ‘Tax Deductor and Collector’ please check the attached ‘TDS Statement Upload- User Manual’.  

Once the Tax Deductor and Collector login is created, user can upload the Quarterly TDS/TCS statements as described below:      

1. Visit Income Tax Department’s e-filing home page at http://incometaxindiaefiling.gov.in/ and login using TAN and Password.

2. After successful login, go to TDS menu >> Upload TDS.

3. In the provided form select the appropriate statement details, viz. FVU Version, Financial Year, Form Name, Quarter and Upload Type (Regular / Correction) and verify.

4. Browse the TDS return filing zip file generated using income tax Software.

5. Members who are desirous to file e-TDS/TCS statements/AIR can file the same through TIN-FC.

To know the nearest TIN-FC, please visit at the TIN website at https://www.tin-nsdl.com/tin-facilities.php.

Click here to view the TDS Statement Upload – User Manual

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Submission of Statements at TIN-FCs or submission of Statements at TIN website

Given below are the steps for the submission of statements at TIN Facilitation Centers (TIN-FCs) or submission of statements at TIN website:

1. Submission of Statements at TIN Facilitation Centers (TIN-FCs).

a. Please refer following URL https://www.tin-nsdl.com/tin-facilities.php to locate address details of TIN-FCs nearby you.

b. Please submit “.FVU” file validated through latest File Validation Utility (FVU) in a CD/Pen Drive.

c. Please submit duly signed physical Form 27A generated by FVU.

2. Submission of Statements at TIN website.

a. Register at TIN website (for more details visit https://www.tin-nsdl.com/etds-etcs/eTDS-onlineintro.php).

b. Obtain Digital Signature Certificate of class ll or class lll from Certifying Authority.

c. Submit physical documents to NSDL e-Gov.

d. You will receive user ID and password for the same.

e. Post login, you may associate your TAN to this user ID.

f. Upload e-TDS/TCS Statement(s) for TAN which is associated in the system.

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