Filling of TDS (tax deducted at source) return
“TDS” is a direct tax and a means to collect tax at
prescribed rates from the source of income. The amount of tax generated on
income must deposited to government in prescribed manner after deducting the
tax due. Now days “TDS” online filling being very convenient for depositing tax
taken the whole concept of TDS returns. The returns may file to the prescribed
website or portal recommended by govt.
There are different software which can easily calculate
and generates the “TDS” amount in various types of forms. it create e-returns for online filling and These software also
liable for making TDS entries for particular during quarter or year.
How to calculate “TDS” payable
For calculating the tax due we can use software having
facility to generate “TDS” returns after recording of all the necessary entries
related to tax deducted at sources it generates forms 26q, 27Q etc. for
calculating “TDS” entries you can prefer this article.
Prerequisites for uploading TDS return.
Before we upload our return on the portal we must have some perquisites ready for e- filling procedure which are as follows:
1.
For filling returns you should have a
valid TAN and must be registered for e- filling.
2.
The TDS return must be prepared using
returns preparation utility (RPU) and validated through file validation utility
(FVU).
3.
The details of bank accounts for
which the PAN is registered on portal.
Filling of
“TDS” return using tally ERP 9.
Here are all steps by step return filling procedure with tally erp 9:
Step 1: open tally software now go to display select
statutory reports then choose form 26q then verify TDS return.
Step 2: Then
press f6 key for saving return then press escape afterward select return
transaction book then press Ctrl +e for export of return it will save as
tally.txt and you can find it on tally file location.
Step 3: Go to “incometaxfilling.gov.in” or prescribed original
website and click on login. Then click on upload TDS option.
Step 4: the file must be validated through file validation utility, for downloading FUV go to particular prescribed website example: tin.nsdl.com.
Step 5: After downloading FUV now go to file location and open it then follow below option.
1.Open tally file location then find tally txt document then copy its path then enter on fist head of FUV.
2. 2.In second head of FUV enter the path
with name of challan file name ( if don’t have go to the website of tin.nsdl.
com or other prescribed website then go to services à challan status inquiry àTIN based view then provide details and download
file.)
3. 3. Enter the path of second head only.
4. 4. Last head remains blank.
5. 5.Then press validate.
Step 5: After validating you are able to validate
using an electronic verification code (EVC). Upload TDS zip file then click on
e-verify.
Step 6: It will show you the potion of already
generated EVC then choose option match up with you and click on ‘submit’.
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