Complete Tds Course

FROM TDS RECORDING TO
TDS RETURN COMPLETE COVERAGE
इस VIDEO के बाद
TDS पर कोई दूसरी
VIDEO दे खने की COMPLETE
जरूरत नही ीं पड़े गी | COURSE
ALL ABOUT BASIC KNOWLEDGE OF
PART -1
 क्या होता है ?
ककसको DEDCUT करना होता है ?
कब DEDUCT करना होता है ?

कौन से SECTION में DEDCUT करना होता है ?
https://youtu.be/WAEQ3ql8Ztc
कौन सी RETURN FILE की जाती है और

उनकी DUE DATES क्या होती है ?
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WHAT IS TDS ?
Full form of TDS is TAX DEDUCTED AT SOURCE
TDS is a direct tax hence part of income tax.
TDS is collected by the people at the time of payment like salary, rent, commission etc.
The TDS collected is then transferred to central government account.
 The amount of TDS is adjusted against final tax liablity of deductee.
WHEN SHOULD TDS BE DEDUCTED & BY WHOM ?

•Any person making specified payments mentioned under the income tax act are required to deduct
tds at the time of making such payment.
•But no TDS has to deducted if the person making the payment is an individual or HUF whose books
are not required to be audited. https://youtu.be/WAEQ3ql8Ztc
DEDUCTOR & DEDUCTEE UNDER INCOME TAX

The deductor is the person, who deducting the tax.
The deductee is the person from whom tax is deducted
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WHEN TDS IS NOT REQUIRED TO BE DEDUCTED ?
 The amount is paid to Reserve Bank of India, government.
 Interest paid or credited to Banking company, LIC, Insurance Company, NSC, KVP etc.
DUE DATE FOR DEPOSITING THE TDS
•The Tax Deducted at Source must be deposited to the government by 7th of the subsequent month.
•TDS deducted in the month of June must be paid to the government by 7th July.
•However, the TDS deducted in the month of March can be deposited till 30th April.
HOW TO DEPOSIT OR PAY TDS?
1) Electronic mode: E-Payment is mandatory for https://youtu.be/WAEQ3ql8Ztc
a) All corporate assesses; and
b) All assesses (other than company) to whom provisions of section 44AB of the Income Tax Act, 1961
are applicable.
2) Physical Mode: By furnishing the Challan 281 in the authorized bank branch
NOTE:-
1. Deductor Tan Number is required at the time of payment.
2. There is no need of deductee pan number at time of payment of tds challan.
3. Nature of Payment like tds on rent, salaries, commission etc.& assessment year is required.
Section
Source Payee Type Threshold Limit TDS Rate
Number
Basic exemption limits as per the income tax slab

192 Salary Payment Individual Rates of Income Tax in force.
rates.
193 Interest on securities Resident - 10%
Dividend other than the dividend as referred to
194 Deemed Dividend Resident Individual 10%
in Section 115-O
a.Rs 50000 if the interest is paid by the
following:Banks;
94A Interest excluding interest on securities. Resident b.Co-operative Banks; or 10%
c.Post Office deposits.
https://youtu.be/WAEQ3ql8Ztc In any other case, Rs. 5000 will be the limit.
Winning from games like a crossword puzzle, card,

194B Any person The amount is exceeding Rs. 10000 30%
lottery, etc.
194BB Winning from House race Any person The amount is exceeding Rs. 10000 30%
- Single payment is exceeding Rs. 30000; or - Individual/HUF = 1% of the sum paid.

194C Contractor payments Resident contractor
-Aggregate sums paid in the FY exceeding Rs. 100000. - Any other person = 2% of the sum paid.
194D Insurance Commission Any Resident Rs. 15000 per Financial Year 10%
Aggregate payment must be less than Rs. 100000 in

194DA Amount under LIC Resident 1%
the FY
194H Brokerage or Commission Resident Rs. 15000 per Financial year 5%
- P&M or equipment = 2%
194-I Rent Resident Rs. 240000 per Financial Year
- Land, building, furniture or fixtures = 10%.
194-IA Transfer of immovable property Resident Transferor Consideration of Rs 50lakhs. 1%
Royalty, Director Remuneration, Professional or Rs. 30000 for each income in the FY (Not applicable to
194J Resident 10%
technical service fees, Non-compete fees payment to the director).
194LA Compensation on acquiring immovable property Resident Rs. 250000 per FY 10%
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TYPE OF TDS RETURN & THEIR DUE DATE

I. Filing Tax Deducted at Source returns is mandatory for all the persons who have deducted TDS.
II. TDS return is to be submitted quarterly
III. Details required at time of TDS return filing
IV. TAN number of deductor, Amount of tds deducted, Type of payment, PAN of deductee etc.
Form No Transactions reported in the return Due date
Form 24Q TDS on Salary Q1 – 31st July
Q2 – 31st October
Q3 – 31st January
https://youtu.be/WAEQ3ql8Ztc Q4 – 31st May
Forms 26Q TDS on All Payment except Salaries Q1 – 31st July
Q2 – 31st October
Q3 – 31st January
Q4 – 31st May
Form 27Q TDS on all payments made to non-residents except salaries Q1 – 31st July
Q2 – 31st October
Q3 – 31st January
Q4 – 31st May
Form 26QB TDS on sale of property 30 days from the end of the month in which TDS is
deducted
Form 26QC TDS on rent 30 days from the end of the month in which TDS is
deducted
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What is a TDS certificate?
1. TDS certificate has to be issued by deductor to the deductee. https://youtu.be/WAEQ3ql8Ztc
2. Form 16, Form 16A, Form 16 B and Form 16 C are all TDS certificates
3. banks issue Form 16A to the depositor when TDS is deducted on interest from fixed deposits
Form Certificate of Frequency Due date

Form 16 TDS on salary Yearly 31st May
payment
Form 16 A TDS on non-salary Quarterly 15 days from due date of filing
payments return
Form 16 B TDS on sale of Every transaction 15 days from due date of filing
property return
Form 16 C TDS on rent Every transaction 15 days from due date of filing
return
What is Form 26AS ?
A. It’s statement where deductee can check whether the deductor has been deposited the tds
amount to the government on behalf of deductee pan. https://youtu.be/WAEQ3ql8Ztc
B. This form is a consolidated tax statement which is available to all PAN holders
C. Since all TDS is linked to your PAN, this form lists out the details of TDS deducted on your income
by each deductor for all kinds of payments made to you – whether those are salaries or interest
income – all TDS linked to your PAN is reported here.
D. This form also has income tax directly paid by you – as advance tax or self assessment tax.
Note :
Therefore, it becomes very important forms before filling income tax return
PART-2
TDS VOUCHER ENTRY

और
TDS PAYMENT ENTRY

करना सीखे | https://youtu.be/WAEQ3ql8Ztc
TDS ENTRY IN TALLY ERP9
TDS CREATING
CREATING CREATING
NATURE TDS
EXPENSE TDS
OF PARTY
LEDGER LEDGER
PAYMENT LEDGER
Section
Source Payee Type Threshold Limit TDS Rate
Number
Basic exemption limits as per the income tax slab

192 Salary Payment Individual Rates of Income Tax in force.
rates.
193 Interest on securities Resident - 10%
Dividend other than the dividend as referred to
194 Deemed Dividend Resident Individual 10%
in Section 115-O
a.Rs 50000 if the interest is paid by the
following:Banks;
94A Interest excluding interest on securities. Resident b.Co-operative Banks; or 10%
c.Post Office deposits.
In any other case, Rs. 5000 will be the limit.
Winning from games like a crossword puzzle, card,

194B Any person The amount is exceeding Rs. 10000 30%
lottery, etc.
194BB Winning from House race Any person The amount is exceeding Rs. 10000 30%
- Single payment is exceeding Rs. 30000; or - Individual/HUF = 1% of the sum paid.

194C Contractor payments Resident contractor
-Aggregate sums paid in the FY exceeding Rs. 100000. - Any other person = 2% of the sum paid.
194D Insurance Commission Any Resident Rs. 15000 per Financial Year 10%
Aggregate payment must be less than Rs. 100000 in

194DA Amount under LIC Resident 1%
the FY
194H Brokerage or Commission Resident Rs. 15000 per Financial year 5%
- P&M or equipment = 2%
194-I Rent Resident Rs. 240000 per Financial Year
- Land, building, furniture or fixtures = 10%.
194-IA Transfer of immovable property Resident Transferor Consideration of Rs 50lakhs. 1%
Royalty, Director Remuneration, Professional or Rs. 30000 for each income in the FY (Not applicable to
194J Resident 10%
technical service fees, Non-compete fees payment to the director).
194LA Compensation on acquiring immovable property Resident Rs. 250000 per FY 10%
Scenario 1 Proprietorship Firm TDS on Contract (194C)
GAURAV PALCEMENT (GSTIN- 09CYMPS9400E3Z3) PROVIDED US MAN POWER SUPPLY AS PER BELOW
MENITONED DETAIL.
POINT TO BE REMEMBER BEFORE INVOICE RECORDING
Invoice No. 1, Dated- 02-05-2020
1. Type of Deductee
Taxable Value- Rs. 55000 Above threshold limit Rs. 30000 2. TDS Nature of Payment
GST @18% - Rs. 9900
Total Amount- Rs. 64900 3. Threshold Limit
PVT LTD COMPANY TDS on Contract (194C)
Scenario 2
SAURAV PALCEMENT PVT LTD (GSTIN - 09CYMCS9400E3Z3) PROVIDED US MAN POWER SUPPLY AS PER
BELOW MENITONED DETAIL.

Taxable Value- Rs. 55000 Above threshold limit Rs. 30000
GST @18% - Rs. 9900
Total Amount- Rs. 64900
Scenario 3 Proprietorship Firm TDS on Contract
ABC PALCEMENT (GSTIN- 09CYMPA9400E3Z3) PROVIDED US MAN POWER SUPPLY AS PER BELOW
MENITONED DETAIL.
1. Type of Deductee
Taxable Value- Rs. 20000 under threshold limit Rs. 30000 2. TDS Nature of Payment
GST @18% - Rs. 3600
Total Amount- Rs. 23600 3. Threshold Limit
KINDLY CLEAR THE OUTSTANDING OF ALL

SERVICE PROVIDER AS ON 15-06-2020
Scenario 4 COMPANY TDS ON PROFESSIONAL FEES (194J)
SINGH CA & CO. (GSTIN- 09CYMCS9400E3Z3) RAISED A INVOICE ON US FOR PROFESSIONAL FEES
Taxable Value- Rs. 55000 Above threshold limit Rs. 30000/F.Y.
1. Type of Deductee
GST @18% - Rs. 9900
Total Amount- Rs. 64900 https://youtu.be/WAEQ3ql8Ztc 2. TDS Nature of Payment
3. Threshold Limit
Scenario 5
Our company paid amount for following expenses
TDS ON RENT(194I)
1. Rs. 500000 as RENT to Singh Business park. Above threshold limit Rs. 240000 per F.Y.
2. Rs. 50000 as COMMISSION to Mr. Rampyare Above threshold limit Rs. 15000 per F.Y.
TDS ON COMMISSION (194H)
3. Rs. 100000 paid as ADVANCE to Gaurav Placement in cash. Above threshold limit Rs. 30000/F.Y.
TDS ON CONTRACT (194C)
DUE DATE FOR DEPOSITING THE TDS
•The Tax Deducted at Source must be deposited to the government by 7th of the
subsequent month.
•TDS deducted in the month of June must be paid to the government by 7th July.
•However, the TDS deducted in the month of March can be deposited till 30th April.
Interest on Late payment
When TDS is not deducted – 1% per month or part thereof, for the period from the
date on which TDS is deductible/collectible to the date on which TDS/TCS is actually
deducted/collected.
When TDS is deducted but not paid – Interest at the rate of 1.5% per month or part
thereof, for the period from the date on which TDS is actually deducted/collected to
the date on which such TDS/TCS is actually paid.
HOW TO CALCULATE
PART -3
TDS ON
SALARY
https://youtu.be/WAEQ3ql8Ztc TDS ON SALARY
Section 192 of the Income Tax Act, 1961 deals with tax deducted at source (TDS) on salary.
Employer will be responsible for deducting TDS on an average rate of income tax based on the
current slab rate during the relevant financial year by considering your estimated income.
The TDS deducted u/s 192 is reflected in Form 16, which is issued by the taxpayer at the end of
the financial year.
In case your estimated salary is not more than the basic exemption limit, TDS will not be
deducted.
Section 192 does not specify a TDS rate. TDS will be deducted as per the income tax slab and the
rates thereof applicable to the relevant financial year for which the salary is paid.
However, if you do not have PAN, TDS shall be deducted at the rate of 20% (excluding education
cess and higher education cess).
Particulars Amount In Rupees
(F.Y. 2020-21)
Gross Salary (Rs. 60000/pm) 720000
Less : Deduction Under Chapter VIA (80C,80D ETC.) 100000
Less : Standard Deduction https://youtu.be/WAEQ3ql8Ztc 50000
Estimated Taxable Salary 570000
Estimated Tax Amount 27560
ESTIMATED TDS AMOUNT PER MONTH TO BE DEDUCTED FROM SALARY 2297
Monthly Salary Rs. 60000

TDS to be deducted Rs. 2297
Net Salary to be transferred to Employee Rs. 57703
Income Tax Slab Tax Rate for Individual & HUF Below the Age Of 60 Years
Up to ₹2,50,000* Nil
₹2,50,001 to ₹5,00,000 5% of total income exceeding ₹2,50,000
₹5,00,001 to ₹10,00,000 ₹12,500 + 20% of total income exceeding ₹5,00,000

Above ₹10,00,000 ₹1,12,500 + 30% of total income exceeding ₹10,00,000
Estimated Taxable income Tax Amount

UP TO Rs. 250000 Nil
Rs. 250000 To Rs. 500000 5% on total Income Exceeding Rs. 250000
250000*5/100 = 12500
Rs. 500000 to Rs. 570000 Rs. 12500 + 20% of total income exceeding Rs.
70000
70000*20/100 = 14000
4% Health & Education Cess on Tax Amount (12500+14000=26500)*4/100 = Rs. 1060
Estimated Tax Amount 12500+14000+1060 = 27560

कजसका TDS कटा, वो अपनी
BOOKS में ENTRY कैसे करे गा ?
https://youtu.be/WAEQ3ql8Ztc PART – 4
1. TDS ON RECEIPT ENTRY
2. TDS REFUND ENTRY
3. TDS ADJUSTMENT ENTRY
GAURAV PALCEMENT (GSTIN- 09CYMPS9400E3Z3)
Gaurav Placement PROVIDED MAN POWER SUPPLY TO SINGH & CO. AS PER Singh & Co.
A Service Provider BELOW MENITONED DETAIL. Service Receipient
Deductee Taxable Value- Rs. 55000 Deductor
GST @18% - Rs. 9900
RS. 64900
RS. 64350
TDS DEDCUTED @1% on taxable Value = 550 & deposited to income tax department
TDS के PAYMENT करते समय ककसी कारण से CHALLAN का PRINT नही ीं
- कर पाएीं |
PART – 5 ये तरीका अपनाये और PAYMENT लकसी भी

BANK से लकया हो,
https://youtu.be/WAEQ3ql8Ztc DETAILS यहीीं लमिेंगी
TDS CHALLAN COMPLETE DETAIL

की CHALLAN DATE प्राप्त करें
 CHALLAN SERIAL NUMBER
 MAJOR & MINOR HEAD
 NATURE OF PAYMENT
PART – 6
HOW TO FILE
 FREE में TDS RETURN कैसे FILE की जाती है ?
 FREE E-TDS RETURN PREPRATION UTILITY का

USE कैसे लकया जाता है ?
 CHALLAN VERIFICATION FILE (CSI) कैसे

DOWNLOAD की जाती है ?
 SIGNATURE FILE कैसे DOWNLOAD की जाती है ?
RETURN  .FVU FILE को FINALLY INCOME TAX की

WEBSITE पर कैसे UPLOAD लकया जाता है ?
First Step- Download E- TDS Return Prepartion Utility form https://www.tin-nsdl.com & also complete the
software setup process (make sure the latest version of java is already installed in your system)
Second Step- Select the relevant TDS form & fill up the detail of DEDUCTOR
Third Step – take the challan in hand & fill the complete detail of challan like tds amount, deposit date, bsr
code, challan number, minor head etc.
Fourth Step – Fill the annexure 1 , complete detail of employee like pan number, name of the employee,
date of payment, tds amountetc.
Fifth Step – Create CSI file (challan verification process)
Sixth Step – Upload the CSI file & create .fvu file & also create the zip file of the same
Seventh Step- Log in to income tax e filling portal & create the signature File & upload the same on the
portal.
Eight Step – Take a print out of acknowledgement

HOW TO APPLY SIMPLE
& DOWNLOAD TRICK
LIVE FORM 16
PART – 7
DEMO
FORM 16A
What is form 16/16A
Form 16/ 16A is the certificate of deduction of tax at source and issued on deduction of
tax by the employer/deductor on behalf of the employees/deductee. These certificates
provide details of TDS for various transactions between deductor and deductee. It is
mandatory to issue these certificates to Tax Payers.
Form Certificate of Frequency Due date

Form 16 TDS on salary Yearly 31st May
payment
Form 16 A TDS on non-salary Quarterly 15 days from due date of filing
payments return
Form 16 B TDS on sale of Every transaction 15 days from due date of filing
property return
Form 16 C TDS on rent Every transaction 15 days from due date of filing
return
GAURAV PALCEMENT (GSTIN- 09CYMPS9400E3Z3)
Gaurav Placement PROVIDED MAN POWER SUPPLY TO SINGH & CO. AS PER Singh & Co.
A Service Provider BELOW MENITONED DETAIL. Service Receipient
Deductee Taxable Value- Rs. 55000 Deductor
GST @18% - Rs. 9900
RS. 64900
RS. 64350
TDS DEDCUTED @1% on taxable Value = 550 & deposited to income tax department
PART – 8
WHAT IS
HOW TO DOWNLOAD
Details in Form 26AS
 Details of tax deducted on behalf of the tax payer by deductors
 Details of tax collected on behalf of the tax payer by collectors
 Details of tax deducted on Sale of Immovable Property
 Advance tax / self-assessment tax / regular assessment tax etc. deposited
by the tax payers (PAN holders) https://youtu.be/WAEQ3ql8Ztc
 Refund received during the financial year

 Details of transactions in Mutual Fund, Shares and Bonds, etc. (as reported
by AIR filer)
 TDS Defaults related to processing of Statements
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FROM TDS RECORDING TO

TDS RETURN COMPLETE COVERAGE

कब DEDUCT करना होता है ?

कौन सी RETURN FILE की जाती है और

APP DOWNLOAD करें और लिर SEARCH करें @tallyhomeinstit

WHEN SHOULD TDS BE DEDUCTED & BY WHOM ?

DEDUCTOR & DEDUCTEE UNDER INCOME TAX

APP DOWNLOAD करें और लिर SEARCH करें @tallyhomeinstit

Basic exemption limits as per the income tax slab

Winning from games like a crossword puzzle, card,

- Single payment is exceeding Rs. 30000; or - Individual/HUF = 1% of the sum paid.

Aggregate payment must be less than Rs. 100000 in

194H Brokerage or Commission Resident Rs. 15000 per Financial year 5%

194-IA Transfer of immovable property Resident Transferor Consideration of Rs 50lakhs. 1%

TYPE OF TDS RETURN & THEIR DUE DATE

APP DOWNLOAD करें और किर SEARCH करें @tallyhomeinstit

Form Certificate of Frequency Due date

TDS VOUCHER ENTRY

TDS PAYMENT ENTRY

Basic exemption limits as per the income tax slab

Winning from games like a crossword puzzle, card,

- Single payment is exceeding Rs. 30000; or - Individual/HUF = 1% of the sum paid.

Aggregate payment must be less than Rs. 100000 in

194H Brokerage or Commission Resident Rs. 15000 per Financial year 5%

194-IA Transfer of immovable property Resident Transferor Consideration of Rs 50lakhs. 1%

Invoice No. 1, Dated- 02-05-2020

KINDLY CLEAR THE OUTSTANDING OF ALL

Less : Deduction Under Chapter VIA (80C,80D ETC.) 100000

Less : Standard Deduction https://youtu.be/WAEQ3ql8Ztc 50000

Estimated Taxable Salary 570000

Estimated Tax Amount 27560

ESTIMATED TDS AMOUNT PER MONTH TO BE DEDUCTED FROM SALARY 2297

Monthly Salary Rs. 60000

₹5,00,001 to ₹10,00,000 ₹12,500 + 20% of total income exceeding ₹5,00,000

Estimated Taxable income Tax Amount

Estimated Tax Amount 12500+14000+1060 = 27560

PART – 5 ये तरीका अपनाये और PAYMENT लकसी भी

TDS CHALLAN COMPLETE DETAIL

 FREE E-TDS RETURN PREPRATION UTILITY का

 CHALLAN VERIFICATION FILE (CSI) कैसे

RETURN  .FVU FILE को FINALLY INCOME TAX की

Eight Step – Take a print out of acknowledgement

Form Certificate of Frequency Due date

 Refund received during the financial year

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