e-TDS return is a TDS return prepared in form No.24,26 or 27 in electronic media as per prescribed data structure in either a floppy or a CD ROM. The floppy or CD ROM prepared should be accompanied by a signed verification in Form No.27A.
Who is required to file e-TDS return?
As per Section 206 of Income Tax Act all corporate and government deductors are compulsorily required to file their TDS return on electronic media (i.e. e-TDS returns). However, for other Deductors, filing of e-TDS return is optional.
E-TDs Filing Procedure
e-TDS return has to be prepared in the data format issued by e-Filing Administrator. This is available on the websites of Income-tax Department at i.e. www.incometaxindia.gov.in and of NSDL at www.tin-nsdl.com. There is a validation software available along with the data structure which should be used to validate the data structure of the e-TDS return prepared. The e TDS return should have following features:
Each e-TDS return file (Form 24, 26 or 27) should be in a separate CD/floppy.
Each e-TDS return file should be accompanied by a duly filled and signed (by an authorised signatory) Form 27A in physical form.
Each e-TDS return file should be in one CD/floppy. It should not span across multiple floppies.
In case the size of an e-TDS return file exceeds the capacity of one floppy, it should be furnished on a CD.
In case the e-TDS return file is in a compressed form at, it should be compressed using Winzip 8.1 or ZipItFast 3.0 compression utility only to ensure quick and smooth acceptance of the file.
Label should be affixed on each CD/floppy mentioning name of the deductor, his TAN, Form no. (24, 26 or 27) and period to which the return pertains.
There should be not any overwriting / striking on Form 27A. If there is any, then the same should be ratified by an authorised signatory.
No bank challan, copy of TDS certificate should be furnished alongwith e-TDS return file.
In case of Form 26 and 27, deductor need not furnish physical copies of certificates of no deduction or lower deduction of TDS received from deductees.
In case of Form 24 deductor should furnish physical copies of certificates of 'no deduction or deduction of TDS at lower rate', if any, received from deductees.
TDS return file should contain TAN of the deductor without which the return will not be accepted.
CD/floppy should be virus free.
In case any of these requirements are not met the e-TDS return will not be accepted at TIN- FCs.