Concept of TDS and TCS and filing procedure.

Part Particular
I General understanding of TDS/TCS
II Deduction of TDS
III Deposit /Payment of TDS
IV Declaration of TDS
V Preparation and submission of TDS Return

• Types of tax levied by Indian Govt.
• Wherein taxes are collected on the
basis of “pay as you get”
• Withholding tax or TDS means
deduction of tax as an when the
transaction takes place i.e. when the
payment is made or payable, whichever
is earlier.

• Income Tax Act 1961 , Chapter XVII – B has
covered two important items as follows
• Tax Deducted at Source (TDS)
[ Sec 192 to Sec 206C]
• Tax Collection at Source (TCS)
[ Sec 206CA and 206 CB]
• Others [ Sec 207 to 234E ]

Deduct as
per Ch.-
XVII-B
Deposit On
or Before
Due Dates
Declare
Before
Due Dates
C
Y
C
L
E
S
T
A
R
T
S
F
R
O
M
C
Y
C
L
E
E
N
D
S
A
T
YES YES
N
O
Deemed
Default U/S
201(1)
Penalty U/S 271C/271CA
To the extent of TDS
N
O
Interest U/S 201(1A) Prosecution U/S
276B
-@ 1% till Dt. Of Deduction
-@ 1.5% till Dt. Of deposit
Imprisonment
-not be less than 3
month but
-May extend to 7 year
N
O
Penalty
U/S 234E
-Rs 200 Per day
- Maximum to
the extent of TDS

Sec 201(1)
Sec 201(1A)
Sec 271C
Sec 271CA
Sec 276B
Sec 234E
PLEASE
DOUBLE CLICK
ON THE PDF TO
OPEN

 T.D.S. on salary is required to be made
only if the income chargeable under the head
salary exceeds the threshold limit of basic
exemption.
 For other payment the liability for the
payment arises only if the amount of
payment exceeds the limit/limits prescribed
under the respective provisions of this
chapter.

Please Double Click to open the PDF (Pls note it
is relevant from A.Y. 2017-18 and onward.)

Assessee Amount paid and Credited
Due date of deposit of
TDS
Tax deposited without Challan Same Day
Tax deposited with Challan 7th of Next Month
Tax on perquisites opted to be
deposited by Employer 7th of Next Month
In the month of march 30th April
in other month 7th of Next Month
Due dates for payment of TDS
Govt. Assessee
Others Assessee

As Per RBI Notification No. DGBA.GAD. No. H. 10875 /
42.01.038 /2007-08
E-Payamente of TDS is mandatory flor following categories
of tex payers
• A company
• A person (other than a company ), to whome provisión of
Sec 44AB are aplicable
Double Click
the PDF to open
the RBI Circular

Step-I
Go to : www.tin-nsdl.com
1. Click on
“Services”
2. Click on
“e-
payment”

Step II:
The Windows will be directed to following page
Click on
“CHALLAN
NO./ITNS 281

STEP III:
The windows will be appeared as e-payment challan
Provide the detail
and proceed for
the payment

Tds can be deposited manually by the the assesses other than
• A company
• A person (other than a company ), to whome provisión of
Sec 44AB are aplicable
1. Download the TDS Challan 281 for the following websites
http://www.incometaxindia.gov.in/pages/downloads/challa
ns.aspxhttps://www.tin-nsdl.com/oltas/oltas-download.php
2. Fill all the information's required
3. Go to Respective branch and Deposit the tax.

http://www.incometaxindia.gov.in/pages/downloads/challans.aspx
Go to this website
Download the Challan 281
by Clicking on the format
required.

https://www.tin-nsdl.com/oltas/oltas-download.php
1. Go to this website
2. Click of “Select”
menu
3. Click on “Challan
No. 281”

Quarter Period For both Government and non
government Deductors
Quarter-1 01st April to 30th
June
31st July of the financial year
Quarter-2 01st July to 30th
September
31st October of the financial year
Quarter -3 01st October to 31st
December
31st January of the financial year
Quarter-4 01st January to 31st
March
31th May of the financial year
immediately following the
financial year in which the
deduction is made.
Due dates with effect form 1st day of June 2016 As per CBDC Notification30_2016
dated 29th April 2016. ( Double Click on PDF to Open the Notification)

Form No. Particulars/ TDS/TCS Typer
Form 24Q Statement for tax deducted at source from
SALARIES.
Form 26Q Statement for tax deducted at source on all
payment EXCEPT SALARIES.
Form 27Q Statement for deduction of tax from
INTEREST, DIVIDEND or any OTHER
PAYMENT to NON-RESIDENTS.
Form 27EQ Statement of collection of tax at source.
Form 27A The quarterly returns statements should be
accompanied by a signed verification in Form
27A.

Install the JAVA (Version : SUN JRE : 1.6
onwards)
Download Software – Income tax
department “RPU Version 1.8 )
Download validation Software - TDS –
FVU Version 5.3
CIF Files (Challan Information)

Java Can be downloaded andInstalled from Following Sites
https://www.ibm.com/developerworks/java/jdk/
http://www.oracle.com/technetwork/java/index.html
Click on the
download links to
download JAVA –
Version 8
Note: After downloading the Zip file extract it and double click on setup file to install,
follow up the instruction which populates during installation.

Go To:- https://www.tin-nsdl.com/etds-etcs/eTDS-RPU.php
Click on “Download
RPU Version 1.8” To
download the
Software.

Extract the downloaded file……Following view will come…
Double click
“TDS_RPU” to Start
predation of of TDS
Return

1. Select the type of
Form No.
2. Select the type of
Return, whether it is
“Regular or
Correction
3.Click to
continue

Provide
with all the
details
Required

After providing all the details
“Create the File” by clicking on this
menu.

Go to: https://www.tin-nsdl.com/etds-etcs/etds-file-validation-utility.php
Click on it to
download

Extract the downloaded file ….following view will come…….
Double Click
on this file to
open.

Browse the file created under RPU Utility and validate the same

Each e-TDS/TCS return saved in a CD/Pen Drive to be
submitted along with a signed copy of the control chart
(Form 27A). With effect from February 1, 2014, it is
mandatory to submit Form 27A generated by TDS/TCS
FVU (File Validation Utility) duly signed, along with the
TDS/TCS statement(s). Any other Form 27A submitted
will be treated as invalid submission and the same will be
rejected by TIN-FC branches.
Double Click on
PDF to Open
Form 27A

Please follow up the Below
“TDS_TCSStatement_Upload_User_Manual”
Double Click on
PDF to open.

RAUSHAN KUMAR RAY
CONSULTANT AUDIT AND TAX
+91 97389 15732
80957 27004
E-mail: LNRRAUSHAN1988@GMAIL.COM

Concept of TDS and TCS and filing procedure.

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