Question 1

How to file a TDS return?

Accepted Answer

Physical TDS returns are to be submitted at the TIN-FC. All TIN-FCs are managed by the NSDL. In case returns are filed online, they can be submitted on the official website of the NSDL TIN, but in case of TDS return submission online, a level 2 digital signature must be used by the deductor.

Question 2

What is the due date for filing a TDS return?

Accepted Answer

The TDS return filing date is on or before the 31 July for the first quarter, the 31 of October for the second quarter, the 31 of January for the third quarter, and the 31 of May for the fourth quarter of the financial year.

Question 3

Is the ITR filing date extended to 2024?

Accepted Answer

The Government has further decided to extend the due date of filing Form GSTR-3B for October 2024 for the registered persons having their principal place of business in the said States from 20.11.2024 to 21.11.2024, declared CBIC.

Question 4

Who is eligible for a TDS refund?

Accepted Answer

Returns under TDS are filed by employers or organisations holding a valid Tax Collection and Deduction Number or TAN. An individual or persons are liable to deduct tax at source and it should be paid within a specified time when they are making specified payments that have been mentioned in the Income Tax Act.

Question 5

Can we file the last 3 years' returns?

Accepted Answer

If you've missed filing ITR for the last 3 years, you can still update your filings using the ITR-U form, introduced in the Union Budget 2022. This form allows you to correct past returns up to two years after the relevant assessment year, helping you avoid penalties and stay compliant.

Question 6

How to e-verify return?

Accepted Answer

Click the 'e-File' menu and choose 'e-Verify Return'. Click on the e-verify link then choose Option 3 – 'I would like to e-verify using OTP on a mobile number registered with Aadhaar'. You will receive an OTP on your registered mobile number. Enter the OTP and click on the 'Validate' button.

Question 7

What is Form 26AS?

Accepted Answer

It is an annual consolidated information statement for any given financial year. It is inclusive of the following details: Tax Deducted at Source-TDS Tax Collected at Source-TCS.

Question 8

Is TDS refundable?

Accepted Answer

Yes, if you had paid excess tax, it would be refunded. To get your additional tax refund, you will have to file ITR first followed by which your return will be processed and the excess tax paid will be refunded back through ECS to your bank account.

Question 9

How to file TDS on salary?

Accepted Answer

At the time of paying salary to an employee, the employer deducts TDS u/s 192. The employer has to file a TDS return in Form 24Q. 24Q is to be submitted on a quarterly basis. Details of salary paid to the employees and TDS deducted on such payment are to be reported in 24Q.