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| ITD has prescribed three new forms: Forms 24, 26 and 27 |
| Form 24 | Annual return of "Salaries" under Section 206 of Income Tax |
| Form 26 | Annual return of deduction of tax under section 206 of Income Tax Act, 1961 in respect of all payments other than "Salaries" |
| Form 27 | Statement of deduction of tax from interest, dividend or any other sum payable to certain Person* |
| ITD has notified an "Electronic Filing of Returns of Tax Deducted at Source Scheme"applicable to all deductors furnishing their TDS Return in Electronic form.Deductors furnishing their TDS return in electronic from (e-TDS return) shall furnish the facilitation centres established by NSDL | |
| Deductors furnishing returns in electronics form (e-TDS return) have to furnish a control in physical form alongwith the e-TDS return CD/floppy. Form 27A is a summary of TDS (form 26 or 27), which contains control totals of 'Amount Paid' and 'Income tax deducated a t source totals mentioned on Form 27A should match with the corresponding control totals in e-TDS Form 27A is required to be furnished separately for each return (Form 24, 26 or27) | |
| FAQ for e-TDS Return » What is e-TDS-Return? Ans: e-TDS return is a TDS return prepared in electronic form In accordance with the prescribed data structure (file format). e-TDS return is furnished in a CD/floppy along with duly filled and signed Form27A in physical form. | |
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» Who is required to furnished e-TDS return? Ans: As per section 206 Income Tax Act. 1961, with effect from June 1,2003, all corporate deductors are compulsorily required to furnish their TDS return on electronic media (i.e. e-TDS return) However deductors other than corporates can furnish either in physical or electronic form. | |
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» Who is an e-TDS Intermediary? Ans: A Company authorized by the Central Board of Direct Taxes (CBDT) / Govt. to act as e-Return Intermediary. Government has authorized NSDL (National Security Depositary Limited) as the authorized e-TDS intermediary and Companies are expected to file the e-TDS returns at their various associates For listing on NSDL associated log on to: www.spl.net.com | |
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» How do I prepare e-TDS return? Ans: You can prepare e-TDS return in any software like 'e-Tds return' This software can be purchased any where in India through our authorized dealers | |
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» If I have data entered in Any format, it possible to convert data in e-TDS Format? Ans: Yes, you can convert your data from any format into e-Tds format into e-TDS format.(e.g Excel,DBF,Access,Text,or any other database thru ODBC connectivity) | |
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» How to get New TAN? Ans: Click on New TAN & It will take you to Income Tax Department site, give old TAN Number you will get new 10 Digit TAN Number | |
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» where to deposit the Returns Ans: Click TIN centre button your will get to see the List of NSDL Centres |
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