Gen TDS is prominently featured on the official tax information website of the Indian government. The Gen TDS software diligently supports users in consistently and accurately submitting their TDS returns. Its unwavering commitment to excellence has positioned it as one of the most popular and highly recommended e-filing software options. In the fiscal year 2012-13, it held the top-ranking position on the list of authorized TDS filing software approved by the Indian government.
An Intro About Gen TDS Software
Gen TDS Software is a user-friendly TDS software known for its popularity in facilitating the online filing of TCS and TDS returns by the regulations set forth by the CPC and TRACES in India.
This comprehensive return filing tool offers users an error-free, effortless, and seamless experience, boasting remarkable features such as automatic data validation, automatic calculation of TCS and TDS, e-payment-enabled challan generation, automatic challan verification, data import from MS Excel, and the handling of various interests and charges, among others.
For a deeper understanding of its capabilities, explore the exclusive and special features of Gen TDS below.
Facility of Filing TDS/TCS Returns By Gen TDS Software
Gen TDS stands as a top-ranking e-filing software, enabling users to effortlessly submit their TDS returns electronically and directly upload them to the e-return ITD website. Starting from the Assessment Year 2003-04, Gen TDS has presented a range of options for online filing of TCS or TDS returns. This software not only aids in precise tax calculations but also simplifies the process of generating e-filings for quarterly TCS or TDS returns, specifically for forms 24Q, 26Q, 27Q, and 27EQ, ensuring their verifiability.
Easy to Comprehend TDS Deducted Amount
A taxpayer can easily check online whether TDS has been credited and deducted from their account. You can find out about online payment of TDS by following these steps –
- Step 1 – First Go to the I-T Department India official website and select the option to register as a new user.
- Step 2 – Now make a password and enter your Permanent Account Number (PAN) data.
- Step 3 – Select to access the statement of tax credit or 26AS Form after logging in with the registered password and ID.
- Step 4 – The website will take users to the Analysis of TDS Reconciliation and Correction Enabling System page, where they may view complete details about their tax liabilities, such as specifics about TDS, advance tax paid, and other elements.
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What is Needed to be Done for the Online TDS/TCS E-return Uploads?
To upload TDS/TCS e-returns online, assessees can conveniently select the provided option within the software for DSC (Digital Signature Certificate) registration and proceed to upload their TCS or TDS returns, obtaining the necessary details online.
Download Request Utility from TRACES
Gen TDS offers valuable assistance to taxpayers by enabling them to easily download complete requests from the TRACES website. For instance, users can effortlessly retrieve a single integrated file or a 16A form with just one request, while a single request allows them to obtain the justification report. In addition to this feature, Gen TDS offers the option of requesting downloads @ trace login, streamlining the process of acquiring requests initially downloaded from the TRACES website. Notably, Gen TDS Software stands out as an excellent tool for TDS return filing, simplifying the download and e-filing process due to its compatibility with various web browsers, including Chrome, Firefox, Internet Explorer, and more.
New TAN Application Filing and Correction
Gen TDS e-Filing Software serves as a comprehensive tax filing information solution, allowing taxpayers to import or export data from text files, MS Excel files, or FVU files. Moreover, it provides the capability to file new TAN applications and correct applications for both residents and non-residents through online filing.
Calculation of Interests and Late Fees Automatically
Gen TDS software offers a user-friendly and practical solution by automatically computing late fees and TDS interest, greatly benefiting taxpayers. Regarding salary calculations, Gen TDS determines annual and monthly salaries.
The annual taxable salary is calculated, taking into account Chapter VI-A, and deductions are applied as per the mentioned chapter.
Monthly salary calculations follow the same methodology.
Following these calculations, TDS is assessed on both the annual and monthly salaries. In cases of low or no tax deduction, the software provides comprehensive support for various forms, including 13, 15C, 15D, 15G, 15H, 15I, and 15J
Generating Numerous Reports in One or Multiple Forms
Gen TDS software offers a versatile reporting feature capable of generating various reports in both single and multiple forms. Examples of such reports include continuous certificate printing, a certificate issue register, payment details categorized by deductee (both summarized and detailed), challan-specific details, and a list of clients without PAN and addresses. Gen TDS also excels in handling extensive PAN verification tasks.
TDS Certificates
Gen TDS facilitates the acquisition of different certificates, such as TCC (Tax Collected at Source) and TDS certificates, presented in PDF format, including “12BA, 16, 16AA, 27D, 27A, 27B” and “16, 16A, 27D.” Users have the option to include a digital signature and utilize email functionality for convenience.
Challan e-Payment Option
Furthermore, Gen TDS software offers convenient challan filing facilities, covering forms 26B (challan cum statement of deduction u/s 194IA) and 26QC (challan cum statement of deduction u/s 194IB), while supporting e-payment and online challan verification. Additionally, it includes a search function for information such as All India PIN codes, ISD codes, STD codes, TIN FCs’ list, TAN/PAN AO codes, MICR codes, service tax ranges, bank branch BSR codes, IFSC codes
For those in search of the best TDS software, look no further. SAG Infotech Private Limited is currently offering a free trial of Gen TDS Filing software, simplifying the process of TDS/TCS return filing. This is an innovative cutting-edge software tool, you can easily calculate interest, tax penalties, late filing fees, and the total amount of Tax Deducted At Source (TDS) all at one time. It is recognised as authorised TDS software on the official Tax Information Network website. It obtained the highest score in the FY 2012–13, according to the list of approved TDS return filing software maintained by the Indian government.
