TDS Return Filing Software for Businesses of Every Scale

TDS return filing software, also called e-TDS software, prepares quarterly TDS and TCS statements from your deduction data, validates every record, generates the FVU file for upload and handles correction returns and TDS certificates. It replaces manual entry into the free return preparation utility, which becomes hard to manage at high volumes.

Yes. TaxCPC is TDS software built for corporates, banks and CA firms that file 24Q, 26Q, 27Q and 27EQ returns at volume, with bulk data upload, validation before filing, correction statements and bulk Form 16 and Form 16A.

Tax Deduction at Source (TDS) is a mechanism of collecting income tax in India at the source of income generation. The tax is deducted by the person or entity making the payment, and the deducted amount is remitted to the government.

Any person or business entity that makes certain types of payments, such as salary, rent, professional fees, or commission, is required to deduct TDS.

TDS is calculated as a percentage of the payment made. The rate of TDS varies depending on the nature of the payment and the status of the recipient.

TDS needs to be deposited with the government by the 7th of the following month in which the deduction is made. For example, TDS deducted in the month of April needs to be deposited by the 7th of May.

Quarterly TDS returns are due by 31 July for April to June, 31 October for July to September, 31 January for October to December, and 31 May for January to March.

Download the consolidated file of the original statement from TRACES, correct the deductee, challan or PAN details that are wrong, validate the revised statement and generate a new FVU file, then upload it on the e-filing portal. TaxCPC keeps the original return data, so only the changed records need to be edited.

An FVU file is the validated file that is uploaded to the Income Tax Department. In TaxCPC, you prepare the return, run validation to fix any errors, and generate the FVU file from the same screen, ready for upload.

TRACES lists defaults such as short deduction, short payment, late filing and invalid PAN against each statement. Review the default, correct the underlying records or challan details, and file a correction return. TaxCPC validates records before filing, so fewer defaults arise in the first place.

Yes. TaxCPC issues Form 130 (Form 16) to employees and Form 131 (Form 16A) to vendors in bulk for every quarter, instead of preparing each certificate one at a time.

If you fail to deduct TDS, you may be liable to pay a penalty and interest. It is important to ensure that TDS is deducted correctly and on time to avoid any penalties.

Yes, TaxCPC’s platform offers TDS reconciliation solutions to help you match the TDS deducted with the payments made. This ensures that there are no discrepancies in your TDS filings.

TaxCPC uses advanced algorithms and artificial intelligence to identify TDS errors and discrepancies. It also provides real-time TDS compliance reports and alerts to help you stay on top of your TDS compliance.

Yes. TDSCPC, the TDS filing and compliance software from Figment Global Solutions, is now called TaxCPC. It is the same product, with the same TDS return preparation, validation, correction and Form 16/16A features, and existing TDSCPC users continue on TaxCPC.

TaxCPC, formerly TDSCPC, is part of FigmentOne. Existing users log in at one.figmentglobal.com and open TaxCPC from the product list, where plans and pricing are also shown. New users can book a demo to get access.