Online TDS is a cloud base application make TDS returns Accurate and Error Free. It is very easy to use.
Online TDS is a smart and easy application for filing eTDS and eTCS returns as per TIN NSDL. It generates eTDS returns for form 24Q, 26Q, 27Q, 27EQ and also prints TDS certificate – form 16, form 16A.
The Online TDS Software provides you efficient TDS solution for generation of TDS Quarterly statements and thereby helps in filing accurate TDS returns as per the format prescribed by the Income tax department, government of India. The Online TDS is capable of handling large volumes of data spread over multiple assesses.
TDS Software has been listed on TIN-NSDL as an e-TDS service provider. It provides you with TDS return filing services you can completely rely on. HostBooks TDS is an authentic TDS service provider and ensures a smooth delivery of services.
Online TDS Software provides with and easy access to all the vital TRACES links like Justification Report, Request for Correction, Request for Conso File, and other requested downloads.
Facilitate Calculation of Annual Salary after giving and effect of Deduction under Chapter VI-A along with calculation of Monthwise Salary and TDS thereon.
We are regularly updating the File validation utility provides by the NSDL whenever there is any change in the file validation utility
Online TDS is designed and developed in the way so that software should not ask you redundant information. Inputs taken once can be easily utilized in various processes thus saves your precious time
TDS processing easily across the organization. Organizations having branch operations and want to manage TDS operations from branches, can easily do it.
Prepares the e return as per the file format provided by the NSDL. In addition to this file gets automatically validated through the File validation utility provided by the NSDL.
Supports unlimited deductors / companies, deductees, employees.
If you want to check whether a pan is correct or incorrect or want to check pan name and pan jurisdiction then Instant pan verification in seconds.
TDS Reconciliation Analysis and Correction Enabling System helps the deductors and the deductees by efficient and effective administration of the taxation system. It aims at improving the end-user satisfaction by providing timely and appropriate web services.
Delay in filing TDS:
As per section 234E w.e.f. July 1, 2012, if a person fails to submit TDS return on the due date, then a penalty of Rs. 200/- per day is charged till the default continues. However, the amount should not exceed the total tax amount.
Non-filing of TDS/Furnishing incorrect info:
Penalty is also levied in case of non-filing or if some incorrect information has been furnished. The amount should not be less than Rs. 10,000/- and not more than Rs. 1,00,000/- u/s 271H of the IT Act, 1961.
TDS/TCS returns filed in electronic form as per section 200(3)/206C, as amended by Finance Act, 2005, are quarterly TDS/TCS statements.
As per the Income Tax Act, these quarterly statements are required to be furnished from FY 2005-06 onwards. However, as advised by Income Tax Department, acceptance of e-TDS/TCS statements pertaining to Financial Years prior to 2007-08 has been discontinued at the TIN.
The forms used for quarterly e-TDS statements Forms are 24Q, 26Q and 27Q and for quarterly e-TCS statement is Form No. 27EQ. These statements filed in CD/Pen Drive should be accompanied by a signed verification in Form No. 27A in case of both, e-TDS/TCS statements.
Tax Information Network (TIN) is an initiative by Income Tax Department of India (ITD) for the modernization of the current system for collection, processing, monitoring, and accounting of direct taxes using information technology. TIN is a repository of nationwide Tax related information and has been established by NSDL e-Governance Infrastructure Limited on behalf of ITD.
As per Income Tax Act, 1961, all corporate and government deductors/collectors are compulsorily required to file their TDS/TCS statements in electronic form i.e. e-TDS/TCS returns. However, deductors/collectors other than corporate/government can file either in physical or in electronic form.
FVU is a utility provided by NSDL to verify the e-Return (Text file) generated by the deductor, with the format prescribed. FVU takes an Input file and generates a report and *.FVU File.
FVU checks the text file with the format prescribed by NSDL. The deficiencies found in the file are known as errors. This may be due to invalid data provided or dates/amounts out of limits, etc