It’s a well-known fact that filing TDS returns have never been an easy task. The whole process is time-consuming and requires a great deal of cautiousness. But, technology by transcending all boundaries is making our lives better and easy-going. So, if you have been filing tax returns manually, it’s time to adopt the current practice i.e. e-TDS (Electronic Tax Deducted at Source)! With the implementation of e-TDS, the return filing process has become quite easy and convenient.
The first step is to select the required format from the ones mentioned below. These have been furnished by the I.T. department and National Securities Depository Limited (NSDL).
The e-TDS has to be in clean text ASCII format with ‘txt’ as the file name extension. The user can go for the in-house software, third party software or the NSDL’s software – Return Preparation Utility (e-TDS RPU-Light) for the same.
Let’s go through some important points in this regard:
The next step in filing e-TDS is the validation process. At this stage, it is made sure that the data has been entered accurately and is in compliance with the software requirements. The same is then verified by generating File Validation Utility (FVU) provided by NSDL.
At this stage, the FVU will notify the user of all the errors in the file. These errors are then rectified by the user and the file is again sent through a verification process via FVU.
The e-TDS return must be submitted along with a duly signed copy of the control chart (Form 27A) to TIN-FC (Tax Information Network-Facilitation Centre). For more details regarding the addresses of TIN-FC offices.
So, the next time you file a TDS return, make sure that it is an “e-TDS return”. Go digital as it saves you all the time!
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