simplify process of etds returns.pptx
TRANSCRIPT
-
7/28/2019 Simplify process of eTDS Returns.pptx
1/20
Understanding the process of e-TDS
Return Filing
Simplifying process of
e-TDS Returns
-
7/28/2019 Simplify process of eTDS Returns.pptx
2/20
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
-
7/28/2019 Simplify process of eTDS Returns.pptx
3/20
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
-
7/28/2019 Simplify process of eTDS Returns.pptx
4/20
-
7/28/2019 Simplify process of eTDS Returns.pptx
5/20
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
-
7/28/2019 Simplify process of eTDS Returns.pptx
6/20
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 -
7/28/2019 Simplify process of eTDS Returns.pptx
7/20
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 -
7/28/2019 Simplify process of eTDS Returns.pptx
8/20
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
-
7/28/2019 Simplify process of eTDS Returns.pptx
9/20
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
-
7/28/2019 Simplify process of eTDS Returns.pptx
10/20
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
-
7/28/2019 Simplify process of eTDS Returns.pptx
11/20
Select the quarter and challans to edit
Challans an beedited
Challans can
also be
allocated to
employees
Editing existing Challans
-
7/28/2019 Simplify process of eTDS Returns.pptx
12/20
Edit the required details and save Allocate challans to employees after saving
Editing existing challans
-
7/28/2019 Simplify process of eTDS Returns.pptx
13/20
Fill details of your
company and the
person responsible
for deducting Tax and
save
Configure Details
Select the Configure Option to edit
details
-
7/28/2019 Simplify process of eTDS Returns.pptx
14/20
Validate the e-TDS Details
Validate the details.
A pop up window shows
the status of errors
-
7/28/2019 Simplify process of eTDS Returns.pptx
15/20
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/ -
7/28/2019 Simplify process of eTDS Returns.pptx
16/20
Downloading and Saving FVU 3.8
Select e-TDS/TCS FVU.exe
(Version 3.8)
The FVU 3.8 gets downloadedin Zip File
-
7/28/2019 Simplify process of eTDS Returns.pptx
17/20
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
-
7/28/2019 Simplify process of eTDS Returns.pptx
18/20
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
-
7/28/2019 Simplify process of eTDS Returns.pptx
19/20
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
-
7/28/2019 Simplify process of eTDS Returns.pptx
20/20
e-TDS with Greytip
ThankYou
www.greytip.in
@greytip
/greytip
/company/greytip-software-
pvt-ltd