The online filing of TDS return has become simple & easy. You should not be an expert to file a TDS return. I have explained the process in simple and detailed manner to understand how to file TDS return.
Before knowing the filing procedure, you must have knowledge of basic concepts of TDS.
TDS return is filed on quarterly basis on or before 15th of following month except in case of last quarter where due date is 15th May.
I have explained the process if how to file TDS return in the following steps:
Step 1: Pay TDS on time and get ready with all challans
TDS is paid on or before 15th of following month except for the month of march it is paid on or before 30th April. You should have all challan details with you.
If you have paid any late challan, then pay the interest on it.
Step 2: Install a best TDS software.
You have option to install the NSDL software or third party software.
To install NSDL software click this link. Find here the complete installation instruction.
There are various third party TDS software, find here the information to choose the best.
The NSDL software is Free of cost whereas the third party software is paid but the third party software has some more advantages & easy to understand features.
Install the software of your wish. Find here link to download NSDL software.
Step 3: Fill the Form 26Q or 24Q details & Generate FVU File
Once you are done with installation process, fill the company/person details for which you want to file TDS return.
Then you need to choose the year and quarter for which you are filing the TDS return.
Then you need to you need to file Form 24Q or 26Q.
Form 24Q is for salary details and 26Q is for other than salary deductees. If there is no salary challan then no need to file 24Q.
In both cases you need to enter the deductee & challan details in this software. You need to select the form you want to file then First enter all challan details like challan No., date, amount etc. After that you need to enter dedcutee details against those challan. It means you need to enter the details of person for whom you have paid the challan.
Once you have matched the challan and deductee details, then you need to download the CSI file (challan details file) form TIN, and import that file in this software. This is done to autocheck the challan details enter by you match with the government records or not. So carefully download the correct CSI file.
Once you upload the CSI file, then generate the FVU file & validate it. If there is any error, correct it otherwise file it and generate the FVU file.
Step 4: File the FVU file in TIN-Facilitation Centres.
You need to submit the FVU file in a pendrive to the TIN facilitation centre nearest to you. They will charge you around Rs. 50/- for one form.
From Quarter four of financial year 2015-16, you can also file the FVU file to the http://incometaxindiaefiling.gov.in/ website.
You will get an acknowledgement slip for such filing. There will be two separate FVU file for 24Q & 26Q, so two acknowledgement slips will be given.
Step 6: Check Your Return Status at TRACES.
You can login to TRACES website, there you can check the return status whether it is accepted or rejected.
For this you must be registered to TRACES website. Know here how to register to TRACES Website.
Please comment for any query on How to file TDS return online.