The month of January comes with a clear and impending danger, the danger beingwhether or not you have filed or made provisions for income tax returns. The tax monster islurking in the woods, waiting to take away your hard earned money from you.
Unless and until you have invested in the right kind of funds it might end even being successful at it. Invest in the right kind of mutual funds and tax saving tools that will promise you returns and also help you save on tax.
The alternative to LIC, Post, and health insurances are EMI on housing loans. The way it works is one has to know the criteria for making successful investments that are good at giving you returns and helping you stay invested for a long period of times in order to take the best possible advantage of compounding.
If all this is very new to you and you are still scratching your head to try and understand all this. We suggest you consult us or any financial advisor who will be able to give you a complete low down of the possible options you might have to invest and get the best returns.
Once you have made the right kind of investments the next step is to file for your TDS returns.
As compared to the systems and procedures in the earlier days. These days you can have your TDS returns uploaded via the income tax website. Lets discuss, now you can upload TDS returns on income tax website.
What is TDS?
TDS is short for Tax deducted at source and is a means of income tax collected by the government of India by all earning and non earning citizens of the country which will be utilized for the benefit of the people and the nation. It comes under the income tax act of 1961.
What is online upload of TDS all about?
NSDL e-governance infrastructure limited launched an online upload website last year on the 1st of May 2016. Since then we have to upload our TDS returns online. To know more about TDS returns online you can contact us and discuss the same with our representatives at length, they will walk you through the structure and process of uploading TDS online. You may also search online the following terms, ‘e-filing of TDS return online’, or ‘how to file TDS return online demo’
Let’s discuss the procedure of steps related to online upload of TDS,
Steps related to online upload of TDS
Step no. |
Title |
Details |
1 |
Prepare structure data |
First confirm the structure data in which the e-format has to be arranged. You shall find the details of the format of e-TDS and e-TCS returns at https://www.tin-nsdl[dot]com/etds-etcs/eTDS-steps.php |
2 |
Clean Text |
ASCii format is used in clean text when discussing E-TDS and E-TCS. The file name extension for the same can be as ‘txt’. NSDL provided return preparation utility or any other third party software is used in the preparation of E-TDS and E-TCS return. |
3 |
Validation |
Once the file is prepared, use the NSDL provided file validation utility (FVU) to check whether it is as per the format or not. |
4 |
Rectification of Errors |
In the event that after the validation the software detects any errors, the FVU will give you a report. Rectify, verify the file again and proceed further. |
5 |
Submission |
The .fvu file that is finally generated can be eventually be presented at TIN-FC or can be uploaded at the website www.tin-nsdl[dot]com |
While we are on the topic of uploading the TDS online, you will have to register the same at first. Your registration at www.tin-nsdl is compulsory, so go ahead and register yourself right away. You can look up upload TDS zip file to get a better understanding of the steps to be taken care of to upload your TDS. Also try searching what is TDS zip file, upload TDS zip file.
Let’s discuss the steps related to registering yourself on the TDS website online.
Steps to registration
Step No. |
Title |
Details |
1 |
Details |
Mention all the organisational details such as name of the organisation, TAN number of the organisation, category of the organisation, Contact details (Telephone number, address, email id etc) and finally digital signature certificate (DSC) details, class of DSC, name of company certifying authority, DSC serial number. |
2 |
Provide payment details |
Give all your payment related details, (amount, mode of payment, instrument number) these are optional. The organisation has provided the option to select either a yes or no, to make advance payments at the time of registration. |
3 |
Authorisation |
On the letterhead of the NSDL e-Gov an authorisation letter should be provided to the organisation. |
4 |
In case of submission failure |
If the data submitted is failed in any kind of validation, a response triggering the indication of failure will be displayed on the screen |
|
|
The organisation shall rectify the error and then have the form resubmitted. |
5 |
Confirm or edit |
If the organisation requires any changes or amendments in the data it will do so or else it will simply press the confirm button to submit it |
6 |
Success of registration |
Once all of the above is confirmed, the organisation shall sign the registration with the DSC which had bee n provided during the registration. A 12 digit number will be displayed once the registration is a success. |
Let’s talk about EVC or Electronic Verification Code (EVC) that is generated during the process,
Let’s have a look at the various ways we can generate EVC
Modes to generate EVC
Once all of the above is done, the status shall be displayed as uploaded. Which will mean that the procedure is done and you have completed the process.
Things to Keep in mind Post Uploading the TDS returns
You can also have a look at what is TDS zip file, upload TDS zip file or how to file TDS return without software. Have a look at these terms online to get a clear idea as to how to go about TDS returns on the income tax website. Please feel free to connect with us or any of our representatives to get clarity as to how to go about these process.
We at Policy Bazaar believe in reaching out to our customers or people who need help of any kind in matters related health insurance, finance, mutual funds, car insurance or even children or life insurance.
We do not take any consultation charges and you are free to take suggestions from us. We believe as a citizen of the country, it is your responsibility to know all that you can with investment and finance related matters. You will have a better opportunity to make the right decisions when you are self aware and you know the options you can consider in order to make your choice.
Uploading TDS returns is not at all difficult and be done without much trouble, we would be very glad to assist you in the process of the same.
Do look out for other investment related options with us as well, in order to secure your financial future and be able to make the most of the TDS returns that you are entitled for.
Helpful Resources: Tax Calculator
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