File My e-TDS Returns

File My e-TDS Returns

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TDS Return

TDS return is the statement filed with the income tax department by deductors or collectors of TDS/TCS stating the details of amounts deducted/collected along with the PAN number, date and other essential details regarding the
transaction.

Procedure to file e-tds return

  • Login to www.tin-nsdl.com.
  • Relevant TDS form has to be filled in accordance with the file formats mentioned in the above website.
  • The prepared file has to be verified using the File Validation Utility (FVU) provided by NSDL.
  • If any errors are found, same should be rectified and verified again with FVU.
  • After FVU, an upload file is generated which should be uploaded through the NSDL website.

FAQs

Who should file TDS return?

Every person responsible to deduct tax is required to file TDS return.

Who is required to file e-TDS return?

As per Income Tax Act, 1961, all corporate and government deductors/collectors are compulsorily required to file their TDS/TCS returns on electronic media (i.e. e-TDS/TCS returns). However, deductors/collectors other than corporate/government can file either in physical or in electronic form.

What is the fee charged for filing e-TDS/TCS returns with TIN facilitation centers?

Fee charged by TIN facilitation centers is given as follows

No. of deductee records in e-TDS/TCS return. Upload charges
(exclusive of service tax)
Upload charges
(inclusive of service tax)
Returns having up to 100 records Rs. 38.00 Rs. 43.50
Form No. 26Q Rs. 178.00 Rs. 204.00
Form No. 27Q Rs. 578.50 Rs. 662.50

What are the consequences of late filing of TDS return?

Penalty of Rs.200 per day upto the date of filing of return from the due date is levied not exceeding the amount of TDS for that quarter. Penalty for non-filing of TDS return for more than one year, may extend to Rs.1 lakh.

What is the due date to file TDS return?

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

Quarter Due Date for Government Deductors Due Date for Other deductor
April to June 31 July 15 July
July to September 31 October 15 October
October to December 31 January 15 January
January to March 15 May 15 May

Is PAN mandatory for deductors and deductees?

PAN of the deductors has to be given by non-Government deductors. It is essential to quote PAN of all deductees.

What are the forms to be used for filing quarterly TDS/TCS returns?

Following are the forms for TDS/TCS returns and their periodicity

Form No. Particulars Periodicity
Form No. 24Q Quarterly statement for tax deducted at source from ‘Salaries’ Quarterly
Form No. 26Q Quarterly statement of tax deducted at source in respect of all payments other than ‘Salaries’ Quarterly
Form No. 27Q Quarterly statement of deduction of tax from interest, dividend or any other sum payable to non-residents Quarterly
Form No. 27EQ 15 May Quarterly statement of collection of tax at source

What are the types of corrections that can be made while filing a revised TDS/TCS return?

The following are the various types of corrections that you can make to an accepted regular TDS/TCS statement

  • Update deductor details such as Name, Address of Deductor. This type of correction is known as C1.
  • Update challan details such as challan serial no., BSR code, challan tender date, challan amounts etc. This type of correction is known as C2.
  • Update/delete /add deductee details. This type of correction is known as C3.
  • Add / delete salary detail records. This type of correction is known as C4.
  • Update PAN of the deductee or employee in deductee/salary details. This type of correction is known as C5.
  • Add a new challan and underlying deductees. This type of correction is known as C9.


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