Many of us go to the Income tax portal for filling out our income tax returns but we can also file our TDS returns through the same. Every person who is deducting the tax of the taxpayer has to file quarterly TDS returns. Moreover, the Income Tax e-Filing portal provides the function to upload the TDS return file.
Pre-requistes for uploading TDS Return
- The deductor must have a valid TAN and it should be registered on e-filling.
- A valid FVU file generated through Return Preparation Utility (RPU). The utility will be available from the TIN-NSDL website.
- DSC registeration is compulsory on e-filling portal (If uploading through DSC)
- Pre-validate principal bank account details (If uploading through EVC)
Steps to Upload TDS Return on e-Filing Portal
- Visit the e-Filing Portal and Login
Login using your TAN on the e-filing portal.
- File TDS Return Option
Click on e-File > Income Tax Forms > File Income Tax Forms from the dashboard.
- Search the Form which you have to file
- Form TDS
Click on the “File Now” option on the Deduction of Tax at Source – TDS Form card.
- Proceed to Upload TDS Form
Click on the “Let’s Get Started” option on this page.
- Enter required details
Enter the following details and then click on Proceed to e-verify:
a. Select Form from dropdown
b. Enter Financial Year and Quarter
c. Select Upload Type
d. Upload TDS zip file
- e-Verify TDS Return
Validate the return using the OTP sent to the registered mobile number to complete the process.
Thereafter, you will receive a success message on the completion of the process.
In case you have not generated your DSC, you will be able to validate the TDS statements using the Electronic Verification Code (EVC).
FAQs
As per the Income Tax Act, 1961, all corporate and government deductors/collectors are compulsorily required to file their TDS/TCS statements.
Eventually it takes 1 week to process your return after submitting the same on the income tax portal. Further, you can login to the Traces account and check the status of the same. Also, if there are any mistake you can file a correction return for the same.
Once you have file the TDS return and the form has been submitted succesfully, the status will be shown as Accepted at e-filling.
Hey @Joe_Fernandes ,
Thank you for reaching out to us!
You need to keep in mind following dates for TDS Return filing:
Penalty Under Section 234E is levied in case you miss out on filling TDS return on time. The penalty of INR 200 per day is levied on the taxpayer till the day on which return is filed. Provided that the amount of Penalty should not exceed the number of TDS payable.
Hope this helps!
Hi @Neel
If you have already filed an online correction return by adding the correct challan details, you should wait for the department to process the same. If your correction gets processed successfully then your demand will get nullified otherwise you can go ahead and file the offline correction.
Hope this helps.
When should TDS be deducted, at the date invoice was issued, at the time of payment, or at the due date of making payment for the invoice?
Hi @phoenix
TDS is to be deducted when a payment is due or when an actual payment is made whichever is earlier.
Hope this helps!
Hi @np16
If your rental income for a year exceeds INR 2,40,000 (INR 1,80,000 till FY 2018-19), TDS is deducted by the tenant. However, if your total income including rent is not taxable then you can submit Form 15G / 15H to the tenant to save yourself from TDS deduction.