CBDT issues procedure for online submission of statement of deduction of tax and statement of collection of tax

Jun 07, 2019 | by Avantis RegTech Legal Research Team


he Central Board of Direct Taxes (CBDT) on June 04, 2019, has issued procedure for online submission of statement of deduction of tax and statement of collection of tax under Income-tax Act, 1961 read with Income-tax Rules, 1962. 

The Procedure of registration in the e-filing portal, the manner of the preparation of the statements and submission of the statements as follows:

Procedure for filing e- Tax deducted at Source (TDS) or Tax Collected at Source (TCS) statement online through e-filing portal is as under:

a) Registration: The deductor or collector should hold valid TAN and is required to be registered in the e-filing website (https://www.incometaxindiaefiling.gov.in) as "Tax Deductor & Collector" to file the "e-TDS/e-TCS Return".

b) Preparation: The Return Preparation Utility (RPU) to prepare the TDS or TCS Statement and File Validation Utility (FVU) to validate the Statements can be downloaded from the tin-nsdl website (https://www.tin-nsdl.com). The statement is required to be uploaded as a zip file and submitted using either Digital Signature Certificate (DSC) or Electronic Verification Code (EVC).

c) Alternatively, deductor or collector can e-Verify using EVC.

d) Submission: The deductor or collector is required to upload the "Zip" file along with either the signature file  or EVC. In case of External agency user, TDS or TCS return can be filed for the deductors or collectors under their jurisdiction using Digital Signature Certificate collector.

 EVC can be generated using one of the following modes:

(i) Net Banking

(ii) Aadhaar OTP

(iii) Bank Account Number

(iv) Demat Account Number

This pre generated EVC can be used to e-Verify the TDS return.

 Once uploaded, the status of the statement shall be shown as "Uploaded". The uploaded file shall be processed and validated. Upon validation, the status shall be shown as either "Accepted" or "Rejected which will reflect within 24 hours from the time of upload. The status of uploaded file is visible at TDS -7 View Filed TDS. In case the submitted file is "Rejected", the rejection reason shall be displayed.

[Notification No.10/2019]

Click here to download the Notification.


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