Date post: | 14-Jul-2015 |
Category: |
Self Improvement |
Upload: | greytip-software |
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eTDS – Generating Form 24Q – using greytHR!
Online-Training
A Warm Welcome to One and All!
(C) Greytip Software Pvt. Ltd.,
What is TDS
(C) Greytip Software Pvt. Ltd.,
The word TDS stands for Tax Deducted at Source.
“As per the Income Tax Act – persons responsible for making payments are required to deduct tax at source at prescribed rates.”
“TDS is deducted at the time of payment in cash or cheque or credit to the payee’s account whichever happens earlier.”
eTDS
What is e-TDS?
“Companies making payments should also furnish TDS returns containing details of deductee(s) and challan details relating to deposit of tax to IT Department.
It is mandatory to furnish TDS returns in electronic form (eTDS return)”
Who are liable to submit e-TDS Return/Statement?
“The person who deducts TDS is liable to furnish eTDS Return. It is mandatory to file TDS Return within time as given below;
otherwise they are liable to pay penalty for non-submitting of e-TDS Return. “
(C) Greytip Software Pvt. Ltd.,
Form 24Q and 27A
24Q
Form 24Q has details of salary paid and TDS deducted from employees.
Form 24Q for TDS deducted on salary (under section 192) is required to be submitted on a quarterly basis by the deductor
27A
Is submitted along with Quarterly TDS Returns in Form 24Q with particulars of deductor and aggregate amounts of Total Tax Deducted and total tax deposited
(C) Greytip Software Pvt. Ltd.,
Want to Know what is that error? Select Error Report… (tailor made feature for you!)
(C) Greytip Software Pvt. Ltd.,
Incase of Errors!
Value Added Tips – from greytHR
How to Register with NSDL for eTDS
How to Upload FVU File
Doing Revised Returns for Form 24Q
(C) Greytip Software Pvt. Ltd.,
Uploading your Generated FVU
Step 1: Login to TIN Central System – by signing DSC
Step 2: Select Upload option from the “TDS” section
Step 3: Get the Reference Number / Receipt Number / Provisional Number
(C) Greytip Software Pvt. Ltd.,
Doing Revised Returns / Revision in 24Q
• Make the Necessary Changes in greytHR
• Select the Quarter
• Click - 'Form 24Q Revision'
• Upload Consolidated TDS (CTDS) for the quarter
• greytHR intelligence system will automatically categorize and display corrections under C1, C2, C3 etc.
• refer docs for step by step explanation of the process
(C) Greytip Software Pvt. Ltd.,