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Key facts about TDS return Filling Software for Companies

The fast growing global industry today is in the constant need of a software which can keep a track of the continuous changing laws and statutes which governs it. It is always beneficial to have a strong software working at the back office acting like a law manual as it is difficult to remember updated latest regulations all the time.


TDS return filing software


TDS return software is designed completely according to the guidelines specified by NSDL, fulfilling all the requirements and standards of the Income Tax Department for Government of India. This software basically allows eTDS return generation for Individuals, companies, Trusts, Professionals and Entrepreneurs. It prepares eTDS return for form 24Q, 26Q, 27Q and it also auto generates Form 16, 16A, 27A, 27B, and 27D. TDS return software auto calculates the TDS and can download CSI files.


Why TDS filing important?

According to the Income Tax Act the person who makes the payments has to deduct tax at source with fixed rates. TDS is always calculated and deducted beforehand and deposited with IT department instead of getting tax later. TDS is a part of the tax a person pays and can be explained as "pay as you earn", where it is calculated and deducted every month from salary and eases the burden at the end of financial year.

It is mandatory to file TDS return if a person is a deductor and is depositing tax, by filling TDS form. This form has all information and details of the heads on which the TDS has to be deducted and deposited by a person. PAN information is very important for Deductor and Deductee, information on tax paid to government and also the TDS challan information is also required to be filed in the form.


Why TDS return software is used by companies?

Different business houses use TDS return software differently. Companies can be small or big in size but it is always difficult to keep track of every transaction, also it is quite a big procedure to file return manually for companies, thus to ease it TDS return software are introduced by Income tax department which can benefit companies in various ways like:

  • Helps in doing PAN verification
  • Prepares eTDS and eTCS returns for form 24Q, 26Q, 27Q, 27EQ
  • Automatically deducts the TDS according to the latest updates
  • Prepares correction returns and simplifies the corrections
  • It prints the TDS and TCS certificates like 16, 16A, 27D
  • Automatically downloads CSI file
  • Prepares NIL returns in one stroke
  • Provides data back up and restoring facilities

Who uses TDS return filing software?

This software can benefit different category of people who are tax payers like:

  • Individuals and Hindu undivided families
  • Business
  • Co-operative societies
  • Professionals/ CAs/Doctors etc.
  • Firms, Corporates and Domestic companies
  • Charitable institutions
  • Partnership firms
  • Sole proprietors

The TDS return filing software also saves time and money of the companies and make them stand in the competition by investing and getting returns on time. For example: a small enterprise can focus on expanding the business without worrying about the tax filing procedure and formalities as it can be handled by installing the TDS return software effectively and efficiently.