Enabling TDS module with Basic setting for e-TDS Filing
In this post, we will learn about how to enable the TDS module for a file and start with the initial configuration for the file for e-TDS return filing.
First, let us look into, how to enable the TDS module for the file:
- Login to your Saral Pro application.
- To enable the TDS Module for an existing file, click on the edit icon which is corresponding to the existing file and enable the option “Enable TDS Module” and Save
- To enable the TDS Module for an new file, Create a new file in the file master and enable the option “Enable TDS Module” and Save.
Note: On enabling the TDS module, Company’s TAN number will be a mandatory field.
Now the file is enabled with the TDS module.
Next, let us look into how to configure the file’s initial settings for eTDS return filing.
To do the initial configuration in the TDS Module, click on the TDS option in the file as highlighted in the below image.
In the next step we can add the basic details of the file which we can upload it via the “Import” option or via a text or a conso file.
To import the data using an excel template, Click on “Template” option and download the sample template, fill in the information and upload the template via “Import” option.
Note: Download the conso file from the TRACES website. A text file will be the output generated from any other TDS filing software.
Using the “Go to Manual Entry” option we can add the Deductor details manually. In the Manual Entry section, enter the Deductor details and the Responsible person’s Details for a specific Financial year.
On saving the data, next we will have to select the Forms based on the requirements:
|Form 24Q||Form 24Q should be selected for the Return filing of TDS on payments such as salary.|
|Form 26Q||Form 26Q should be selected for the Return of TDS on other than salary such as domestic payments.|
|Form 27Q||Form 27Q should be selected for the TDS Return containing details of TDS deducted on payments other than salary made to NR.|
|Form 27EQ||Form 27EQ should be selected for the return of tax collected at source at the end of every quarter|
Note: Enable the mandatory settings Round Off Tax to the Higher Rupee.
On Saving the above information, the application will navigate us to the TDS dashboard.
This completes the process of enabling the TDS module and the configuration of initial settings for the TDS file.