e-TDS

TDS/TCS statements can be furnished from Financial Year 2007-08 onwards. Further, as advised by Income Tax Department, acceptance of TDS/TCS statements pertaining to Financial Year prior to 2007-08 has been discontinued.

Following information must be included in the e-TDS/TCS return for successful acceptance. If any of these essential details is missing, the returns will not be accepted at the TIN-FCs:

• Correct Tax-deduction/collection Account Number (TAN) of the deductor/collector should be clearly mentioned in Form No. 27A and also in the e-TDS/TCS return, as required by sub-section (2) of section 203A of the Income-tax Act.
• With effect from February 1, 2014, if the duly signed Form 27A submitted, is not the one generated by TDS/TCS FVU (File Validation Utility).
• The particulars relating to deposit of tax deducted at source in the bank should be correctly and properly filled.
• The data structure of the e-TDS/TCS return should be as per the structure prescribed by the e-Filing Administrator.
• The Control Chart in Form No. 27A (enclosed in paper form with the e-TDS/TCS return on CD/Pen Drive) should be duly filled and signed.

You have to pay charges as mentioned below:

* GST as applicable

The due dates for filing quarterly TDS/TCS returns, both electronic and paper are as under:

The procedure for filing of e-TCS return is the same as that of e-TDS return except the forms to be used are different. The relevant forms for filing the e-TCS return are:

Quarterly statement : Form No 27EQ, 27A (Control Chart).

The e-TCS returns are also to be filed with Protean at the various TIN-FCs

No, you need not file TDS certificates and bank challans for tax deposited along with the e-TDS/TCS return.

Yes, More than one e-TDS/TCS statements can be furnished in same computer media.

No, one return cannot be furnished in two computer media.

Yes, if e-TDS/TCS return file is filed in compressed form, it should be compressed using Winzip 8.1 or ZipItFast 3.0 (or higher version compression utility only), so as to ensure quick and smooth acceptance of the file.

No, there is no need to affix a label on computer media.

In case PANs of some of the deductees are not available with you for quoting in the TDS statement, you need to deduct tax at a higher rate as prescribed by ITD and flag such deductee records as ‘C’ in the statement.

In case of TCS statement, PAN quoting compliance of 85 % is mandatorily required for validation, i.e. out of the total collectee records in the TCS statement, the PAN should be presentfor 85% of the records failing which the statement will not be validated through the File Validation Utility. In view of this, it is recommended that the records comprising 85% of valid PAN be reported first and the records for the remaining collectees may be reported as and when PAN details are received.

The details regarding the help required for filing of e-TDS are available on the Income-Tax Department website and the Protean -TIN website. The TIN-FCs are also available for all related help in the e-filing of TDS returns.

Yes, computer media will be returned to deductor after acceptance of the e-TDS/TCS statements.