How to file TDS return after the due date?

What is TDS?

The Income Tax Department levies Tax Deducted at Source (TDS), which is an integral component of income tax. TDS is obligatory for specific payments, necessitating individuals to deduct a portion of income tax. It entails reducing income tax from funds disbursed during transactions like rent, commission, professional fees, salary, and interest. Typically, the individual receiving the income is responsible for income tax payments. Nevertheless, the government ensures that income tax is preemptively deducted from your payments through the Tax Deducted at Source framework.

Consequently, the recipient of the income obtains the net amount post-TDS deduction. This gross amount is then incorporated into their income, with the TDS amount being adjusted against their final tax obligation. The recipient can claim credit for the previously deducted and remitted amount on their behalf.

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What are the due dates for TDS deposits?

The tax deductor is obligated to remit the TDS to the government in accordance with the stipulations outlined in Section 200 of the Income Tax Act of 1961. Under prevailing income tax regulations, it is compulsory for the tax deductor to transfer the tax funds to the government no later than the seventh day of the subsequent month.

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What are the due dates of TDS return filing?

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Requirement for TDS Return Filing

To ensure successful tax filing, certain prerequisites must be met:

• The first step is to possess a valid (TAN) Tax Deduction and Collection Account Number and ensure that it is registered on the e-filing platform.
• Next, generate a valid File Validation Utility (FVU) file using the Return Preparation Utility (RPU). You can access this utility on the TIN-NSDL website.
• If you plan to upload your documents using a Digital Signature Certificate (DSC), it's essential to register it on the e-filing portal. This step is mandatory for DSC-based submissions.
• In case you are uploading your documents through the Electronic Verification Code (EVC) method, pre-validate your principal bank account details.

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How to file TDS return after the due date?

• Step 1. Login to the e-filing portal using your TAN credentials.
• Step 2. From the dashboard, navigate to e-File > Income Tax Forms > File Income Tax Forms.
• Step 3. Find the specific form you need to file and click on the 'File Now' option associated with the Deduction of Tax at Source – TDS Form card.
• Step 4. Click 'Let’s Get Started' on the following page to kickstart the process.
• Step 5. Input the required information, and then click 'Proceed to e-verify.' This includes: a. Select the Form from the dropdown menu.
  b. Entering the Financial Year and Quarter.
  c. Choosing the Upload Type.
  d. Uploading the TDS zip file.
• Step 6. Validate the return using the OTP sent to your registered mobile number. This will finalize the filing process.
• Step 7. After successful validation, you will receive a confirmation message indicating the completion of the procedure.
  If you haven't generated your DSC, you can still verify the TDS statements using the Electronic Verification Code (EVC).

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How to pay late fee for filing TDS return after the due date

To pay the late fee (Section 234E Demand), you can follow these steps:

• Download the Justification Report from the TRACES portal to review your current outstanding demand.
• After downloading the Justification Report, proceed to make the payment using Challan ITNS 281. You can do this through your respective bank or by utilizing any other Challan that has a sufficient balance available for the payment.
• If you are making a payment for late filing fees, be sure to tag the Challan towards this payment in the "Fee" column. You can do this using RPU Ver. 3.8 and indicate the appropriate amount in the designated column. Don't forget to validate this information to generate the FVU.
• To complete the process, submit the Correction Statement at the TIN Facilitation Centre. Alternatively, you can also use the Online Correction facility for this purpose.
• This comprehensive approach will help you address your outstanding demand efficiently and in accordance with the necessary procedures.

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