Simplify process of eTDS Returns.pptx

7/28/2019 Simplify process of eTDS Returns.pptx

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Understanding the process of e-TDS

Return Filing

Simplifying process of

e-TDS Returns


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Tax Deducted at Source (TDS) is a means of

collecting Income Tax in India governed under the

Indian Income Tax Act of 1961

What is TDS


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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

The TDS Return prepared should be accompanied by

a signed verification in Form No.27A

What is e-TDS Return


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Form No Particulars Periodicity

Form 24 Annual return of "Salaries" under Section 206 of Income Tax Act, 1961 Annual

Form 26

Annual return of deduction of tax under section 206 of Income Tax Act, 1961 in

respect of all payments other than "Salaries" Annual

Form 27 Statement of deduction of tax from interest, dividend or any other sum payable tocertain persons Quarterly

Form 27E Annual return of collection of tax under section 206C of Income Tax Act, 1961 Annual

Form 24Q Quarterly statement for tax deducted at source from "Salaries" Quarterly

Form 26Q

Quarterly statement of tax deducted at source in respect of all payments other than

"Salaries" Quarterly

Form 27Q

Quarterly statement of deduction of tax from interest, dividend or any other sum

payable to non-residents Quarterly

Form 27EQ Quarterly statement of collection of tax at source

Forms to be used for filingannual/quarterly TDS/TCS returns


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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-taxDepartment at i.e. www.incometaxindia.gov.in and of

NSDL at www.tin-nsdl.com

How is e-TDS return prepared?
http://incometaxindia.gov.in/www.incometaxindia.gov.inhttp://www.tin-nsdl.com/http://www.tin-nsdl.com/http://www.tin-nsdl.com/http://www.tin-nsdl.com/http://incometaxindia.gov.in/www.incometaxindia.gov.in


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Form24Q eTds file structure has been changed for thefinancial year 2013-14

IT department has introduced a new File Validation Utility"FVU 3.8" which can be downloaded from https://www.tin-nsdl.com/etds-etcs/eTDS-file-validation-utility.php

Form24Q eTds file for the financial year 2013-14 should bevalidated only by FVU 3.8 version

Form24Q eTds can be generated in the older format also bydisabling the IT option "GENERATE_ETDS_IN_2013_FORMAT"

Form 24Q
https://www.tin-nsdl.com/etds-etcs/eTDS-file-validation-utility.phphttps://www.tin-nsdl.com/etds-etcs/eTDS-file-validation-utility.phphttps://www.tin-nsdl.com/etds-etcs/eTDS-file-validation-utility.phphttps://www.tin-nsdl.com/etds-etcs/eTDS-file-validation-utility.phphttps://www.tin-nsdl.com/etds-etcs/eTDS-file-validation-utility.phphttps://www.tin-nsdl.com/etds-etcs/eTDS-file-validation-utility.phphttps://www.tin-nsdl.com/etds-etcs/eTDS-file-validation-utility.phphttps://www.tin-nsdl.com/etds-etcs/eTDS-file-validation-utility.phphttps://www.tin-nsdl.com/etds-etcs/eTDS-file-validation-utility.phphttps://www.tin-nsdl.com/etds-etcs/eTDS-file-validation-utility.phphttps://www.tin-nsdl.com/etds-etcs/eTDS-file-validation-utility.phphttps://www.tin-nsdl.com/etds-etcs/eTDS-file-validation-utility.phphttps://www.tin-nsdl.com/etds-etcs/eTDS-file-validation-utility.phphttps://www.tin-nsdl.com/etds-etcs/eTDS-file-validation-utility.phphttps://www.tin-nsdl.com/etds-etcs/eTDS-file-validation-utility.php


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1. Mandatory field "Minor Head Code" introduced in challandetails

2. Optional field "Late Payment Fee" introduced in challan details

3. Additional options Introduced:1. Employer / Deductor's STD code(Alternative)2. Employer / Deductor 's Tel-Phone No(Alternative)3. Employer / Deductor Email ID (Alternate)

4. Responsible Person's STD Code (Alternate)5. Responsible Person's Tel-Phone No. (Alternate)6. Responsible Person's Email ID (Alternate)

Changes in 24Q e-TDS for FY13-14


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Process of e-TDS Returns

Add Challans`

To initiate the process of e-TDS returns go to Reports > Form 24 Q

Select the Quarter

for adding Challan


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Add all details. The

total amount must

include the interest

and late payment

fee

As per the new

changes, Minor

Head code is to be

selected

Save file after

adding all details

Adding New Challan


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Select the quarter and challans to edit

Challans an beedited

Challans can

also be

allocated to

employees

Editing existing Challans


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Edit the required details and save Allocate challans to employees after saving

Editing existing challans


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Fill details of your

company and the

person responsible

for deducting Tax and

save

Configure Details

Select the Configure Option to edit

details


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Validate the e-TDS Details

Validate the details.

A pop up window shows

the status of errors


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File Validation Utility 3.8

e-TDS / e-TCS returns prepared for FY 2005-06 and onwards (i.e. Forms 24Q, 26Q, 27Q and 27EQ) can be

validated using this utility.

Open https://www.tin-nsdl.com/

Select Downloads > Quarterly Returns> Regular
https://www.tin-nsdl.com/https://www.tin-nsdl.com/https://www.tin-nsdl.com/https://www.tin-nsdl.com/


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Downloading and Saving FVU 3.8

Select e-TDS/TCS FVU.exe

(Version 3.8)

The FVU 3.8 gets downloadedin Zip File


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Downloading and Saving FVU 3.8

Downloaded and save the file.

System requirement : Java 6.25 or later

Open FVU Standalone 3.8

Jar. Select the text file

generated from the

application, CIS file

provided by the bank and

then the FVU filegeneration path

The file generated gets

saved in the path

provided. This file is to be

validated


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Reports

The Preview Form 24Q option

enables downloading of reports

The Reports downloaded

include

24 QAnnexure 1

Annexure 2

27 A

After validating the Text file generated, Form 24 Q and 27 A Reports can be generated from theapplication. These reports are to be submitted to the Department


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Based on Form 27 A user can

validate the amount of Tax

deducted and deposited . Theycan take signature and submit

for e-TDS Return filing

Form 27 A


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e-TDS with Greytip

ThankYou

www.greytip.in

@greytip

/greytip

/company/greytip-software-

pvt-ltd

Documents

Simplify process of eTDS Returns.pptx