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complete-TDS-E-filing

Learn the end-to-end process of TDS calculation, deduction, payment, and online return filing. Perfect for accounting professionals and beginners to stay GST and IT-compliant.

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complete-TDS-E-filing

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  1. Streamline Your Taxes: Mastering TDS E-filing Mastering TDS e-filing is crucial for modern financial management. It automates compliance, significantly reduces errors, and provides 24/7 access to vital tax information. This digital mandate ensures seamless tax operations for most entities in India. ATTITUDE ACADEMY

  2. Understanding TDS: The Basics Tax Deducted at Source TDS is tax deducted by the payer at the time of payment. Legal Framework It is governed by the Income Tax Act, 1961, specifically Sections 192- 194LA. Common Applications Applies to salaries, interest, rent, and professional fees. Government Collection This system helps the government collect tax directly at the source.

  3. The E-filing Advantage: Why Go Digital? Efficiency Accuracy Convenience Reduces processing time by 70%. Reduces processing time by 70%. Automated validation minimizes Automated validation minimizes errors. errors. File anytime, anywhere via online File anytime, anywhere via online portal. portal. Transparency Cost Savings Real Real- -time status updates on TRACES. time status updates on TRACES. Eliminates paper and manual labor costs.

  4. Your E-filing Journey: Step-by-Step Register TAN Secure your Tax Deduction Account Number (TAN). Prepare TDS Statement Compile Form 24Q, 26Q, or others as required. Use TRACES Utilize the TDS Reconciliation Analysis and Correction Enabling System. Generate FVU File Create the FVU file using the e-TDS RPU utility. Upload FVU File Submit the validated FVU file to the Income Tax portal.

  5. Essential Checklist for Seamless Filing • Valid TAN and PAN details. • Accurate deductee details (PAN, name, address). • Digital Signature Certificate (DSC). • Correct Challan details (CIN, BSR code, amount). • Electronic Verification Code (EVC). • Appropriate section codes for deduction.

  6. Avoiding Pitfalls: Common Errors & Solutions Incorrect PAN/TAN Verify PAN/TAN against ITD database. Challan Mismatch Cross-verify with bank receipts (Form 281). Wrong Section Code Refer to TDS chart based on payment type. Late Filing Attracts Rs. 200/day penalty.

  7. Beyond Compliance: Business Benefits & Penalties Benefits Penalties • Improved cash flow visibility. • Non-deduction: 1% interest per month. • Enhanced financial reputation. • Non-deposit: 1.5% interest per month. • Audit readiness. • Late filing fee: Rs. 200/day. • Operational efficiency.

  8. Future-Proof Your Compliance Embrace digital solutions for error-free TDS filing. Ensure timely deductions and deposits. Stay updated with the latest tax law amendments. This approach simplifies tax compliance and minimizes financial risks for your business.

  9. THANK YOU THANK YOU Thank you for joining us today. We hope you found this presentation valuable. We wish you all the best. For more information, or visit our website:- Attitude Academy

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