Guide for Uploading TDS Returns on the Income Tax Portal

Guide for Uploading TDS Returns on the Income Tax Portal

Guide for Uploading TDS Returns on the Income Tax Portal – Filing Tax Deducted at Source (TDS) returns in India is a mandatory process for entities that have deducted tax at source. This guide covers key steps to ensure compliance with the Income Tax Department’s regulations.

1. Obtain a Tax Deduction and Collection Account Number (TAN):

Before initiating TDS deductions, you must acquire a TAN, a unique 10-digit alphanumeric number issued by the Income Tax Department. This number is essential for all TDS-related transactions and filings. You can apply for a TAN using ‘Form No. 49B’ through the NSDL website or at a Tax Information Network Facilitation Center (TIN-FC).

2. Deduct TDS and Deposit with the Government:

As a deductor, you’re responsible for withholding tax at the applicable rates when making specified payments (e.g., salaries, rent, professional fees). The deducted TDS must be deposited to the government’s account within the stipulated timeframes to avoid penalties.

3. Prepare the TDS Return:

TDS returns are filed quarterly using specific forms based on the nature of the deduction:

• Form 24Q: For TDS on salaries.

• Form 26Q: For TDS on payments other than salaries.

• Form 27Q: For TDS on payments made to non-residents.

To prepare the return:

• Fill Form 27A: This summary form includes details of the deductor, total tax deducted, and total tax paid. Ensure that the information matches the data in the e-TDS return.

• Create the Return File: Compile the return in a clean text ASCII format with a ‘.txt’ extension. You can use the Return Preparation Utility (RPU) provided by Protean (formerly NSDL e-Gov) or any other compatible software.

• Validate the File: Use the File Validation Utility (FVU) provided by Protean to ensure the return file is error-free and meets the prescribed format.

4. Submit the TDS Return:

After validation:

• Log in to the Income Tax e-Filing Portal: Access the portal using your TAN credentials.

• Upload the Return: Navigate to the ‘e-File’ section, select ‘Income Tax Forms,’ and choose the appropriate form for your TDS return. Follow the on-screen instructions to upload the validated return file.

• Verification: Upon successful upload, verify the return using a Digital Signature Certificate (DSC) or through other available verification methods.

5. Deadlines for TDS Return Filing:

Ensure you file the TDS returns by the following due dates to avoid penalties:

• Q1 (April to June): 31st July

• Q2 (July to September): 31st October

• Q3 (October to December): 31st January

• Q4 (January to March): 31st May

Adhering to these steps and timelines is crucial for compliance and to prevent any penalties associated with late or incorrect filings. For expert assistance with TDS return filing, GST compliance, and other taxation services, consult SAPTAX HUB LLP, a trusted Chartered Accountant Firm in Delhi offering seamless financial solutions for businesses.