Friday, 22 February 2013

New NSDL RPU version 3.2 for Quarterly e-TDS/TCS Returns and Correction Statements.

ITD has notified revised file formats for preparation of TDS and TCS returns in electronic form. Deductors/collectors can prepare the e-TDS/TCS returns as per these file formats using in-house software or any other third party software and submit the same to any of the TIN-FCs established by NSDL. Deductors/collectors can also directly upload the e-TDS/TCS returns through NSDL-TIN website.

NSDL has developed software called e-TDS/TCS Return Preparation Utility (RPU) to facilitate preparation of e-TDS/ TCS returns. This is a freely downloadable MS excel based utility. Separate utilities are available for preparation of each type of return.



RPU for Quarterly Returns
From FY 2005-06 onwards, TDS/TCS returns have to be filed every quarter (i.e. quarterly statements). The following utilities can be used to prepare regular quarterly statements:

NSDL RPU version 3.2 for quarterly e-TDS/TCS statements from FY 2005-06
“Download RPU version 3.2”

Key features of NSDL Return Preparation Utility (RPU) version 3.2

Feature to highlight overbooked challans*: In case the challan is overbooked challan, then the update is allowed only for fields as below:
  • Section code(column no.3)
  • Interest amount (column no. 19 – As per NSDL RPU)
  • Others amount (column no. 20 – As per NSDL RPU)
*Overbooked challan: Challan, where the summation of the underlying deductee deposit amount is more than the challan deposit amount.

Correction Statements
Corrections required in the regular quarterly statements can be furnished by submitting a correction statement in the prescribed format. The following utilities can be used to prepare correction quarterly statements:
NSDL RPU version 3.2 for quarterly e-TDS/TCS statements from FY 2005-06
“Download RPU version 3.2”

Key features of NSDL Return Preparation Utility (RPU) version 3.2
Feature to highlight overbooked challans*: In case the challan is overbooked challan, then the update is allowed only for fields as below:
  • Section code(column no.3)
  • Interest amount (column no. 19 – As per NSDL RPU)
  • Others amount (column no. 20 – As per NSDL RPU)
*Overbooked challan: Challan, where the summation of the underlying deductee deposit amount is more than the challan deposit amount.

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