TAX BY MANISH: Simple 5 Steps to file e-TDS/TCS Return

Saturday, 24 August 2013

NSDL-TIN has introduced a easy way to submit e-TDS/TCS return in simple 5 steps. As per NSDL TDS Deductors can submit e-TDS returns through TIN-Facilitation Centres (TIN-FC) established by NSDL or directly upload through NSDL web-site. It is mandatory (w.e.f. June 1, 2003) for corporate deductors to furnish their TDS returns in electronic form (e-TDS return). Therefore TIN-NSDL introduced 5 simple steps for e-TDS/TCS return which are as follows:

STEP - 1 :

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

(a) Annual e-TDS Return :

(b) Annual e-TCS Return :

File Format for Form 27E

For Regular Statements pertaining to FY 2010-11 onwards:

For Regular Statements up to FY 2009-10

For Correction statements pertaining to FY 2010-11 onwards:

For correction statements up to FY 2009-10:

STEP - 2 :

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 in-house software, any other third party software or the NSDL e-TDS Return Preparation Utility (e-TDS RPU-Light).

Feedback Form

Sample files prepared as per the file formats given below for reference.

Annual Return :

Quarterly Return :

For statement pertaining to FY 2010-11 onwards:

For statement upto FY 2009-10

STEP - 3 :

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

* FVU for Annual Returns: e-TDS / e-TCS returns prepared for FY 2004-05 (Forms 24, 26, 27 and 27E) can be validated using this utility.

* FVU for Quarterly Returns: e-TDS / e-TCS returns prepared upto FY 2009-10 (i.e. Forms 24Q, 26Q, 27Q and 27EQ) can be validated using this utility.

* FVU for Quarterly Returns: e-TDS / e-TCS returns prepared for FY 2010-11 and onwards (i.e. Forms 24Q, 26Q, 27Q and 27EQ) can be validated using this utility.

STEP - 4 :
In case 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 - 5 :

The upload file generated by the FVU on successful validation is to be furnished to a TIN-FC or directly uploaded through the NSDL web-site.

Annual Returns:

Each e-TDS return saved in a CD/Pen Drive to be submitted along with a signed copy of the control chart (Form 27A).

Each e-TCS return saved in a CD/Pen Drive to be submitted along with a signed copy of the control chart (Form 27B).

Quarterly Returns:

Each e-TDS/TCS return saved in a CD/Pen Drive to be submitted along with a signed copy of the control chart (Form 27A).

TAX BY MANISH

Saturday, 24 August 2013

Simple 5 Steps to file e-TDS/TCS Return

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