In the Challan number field, enter the challan number that is used to make the payment to the TDS authority vendor.In the Date field, enter the challan date.In the Bank name field, select the name of the bank that the TDS amount that is payable to...
It is to be noted that TDS can be deducted only from the earnings which implies that this TDS liability sprouts out only in the case of earnings or income. TDS is deducted ahead of making payment and is taken from the payments which are made in cash, cheque or credit. The amount so c...
TDS Return contains the details of TDS deducted and deposited by deductor, PAN of deductor and deductee, TDS challan information, type of payment, amount of TDS deducted, etc. The TDS return filing must be done by every assessee who has deducted TDS at prescribed intervals. An investment ...
Below is the step-by-step procedure for creating a payment Challan-cum Statement form 26QB via Gen TDS Software. SAG Infotech provides a free trial of Gen TDS Software full version for 5 active hours. Process of How to File TDS Form 26QB by Gen TDS Software Step 1: Go to TDS Forms ...
Collect Required Documents:Before starting the filing process, gather all necessary documents, including TAN (Tax Deduction and Collection Account Number), PAN (Permanent Account Number) of both deductor and deductees, TDS payment challan details, and previous TDS return details, if applicable. ...
Periodic TDS settlement process Settlement of TDS payments to TDS authority vendors and generation of TDS challan TDS inquiries, statements, and certificate: Record and update TDS certificate numbers and dates. Generate a TDS inquiry and a posted TDS inquiry. Generate Form 27A, Form 26Q, and Form...
e-Payment Online payment of taxes from the software through Internet Banking or Debit Card with auto fetch of details to Challan. Data Quality Report Avoid defaults with data accuracy check through Data Quality Report before to eTS retrun filing. Tax Computation Auto computation of salaried employee...
ATDS Returnis a summary of all transactions including deductions made by the deductor, PAN details of the deductor, deductee, TDS challan details and the number of TDS to be paid or deposited to the government. A TDS return is generally filed with a TDS return form available online includi...
TDS on sale of property: Section 194IA asks buyers to deduct 1% TDS on property sale if the transaction value is Rs 50 lakh or more.
TDS Return isa quarterly statement submitted by the deductor to the Income Tax Department. ... The TDS Return statement includes details like the PAN number of the deductor & the deductees, all the detailed particulars of the TDS paid to the government and the TDS Challan information. ...