TDS Returns 

Use

You use the TDS Returns report to generate electronic TDS returns for sections 194 A, C, D, I, and J of the Income Tax Act.

To access the report, on the SAP Easy Access screen, choose Accounting ® Financial Accounting ® Accounts Payable ® Withholding Tax ® India ® Withholding Tax or Extended Withholding Tax ® Reporting ® TDS Returns.

Use this report irrespective of whether you use the Classic TDS or the Extended Withholding Tax solution. If you have migrated from Classic TDS to Extended Withholding Tax during the course of the fiscal year, the report covers all withholding tax items that you posted under both solutions.

Prerequisites

You have customized the withholding tax solution as described in Extended Withholding Tax or Classic Withholding Tax.

In particular, you have made the settings specifically for TDS returns in Customizing for Financial Accounting (FI), by choosing Financial Accounting Global Settings ® Withholding Tax ® Extended Withholding Tax or Withholding Tax ® Reporting ® India.

So that the report can handle reduced-rate taxes and exemptions under Sections 194, 197, and 197 A, you must have customized the withholding tax codes accordingly (see “See also” below).

Features

Before you generate a TDS return, you can check which withholding tax items will be included in it. To do so, you generate a list using the report.

Note that the report only covers withholding tax items that you have remitted to the authorities and for which you have entered a bank challan in the system.

Selection

The selection screen breaks down as follows:

·        Withholding Tax Datagroup box

Fill out either the EWT Section Code or the Withholding Tax (Classic) group box, depending on whether you use Extended Withholding Tax or Classic Withholding Tax. However, if you have migrated from Classic Withholding Tax to Extended Withholding Tax during the course of the fiscal year, fill out both group boxes.

·        Statutory Signatory Details and Address Details tabs

Enter your company’s details. The report saves this data in the electronic TDS return.

·        Output Processing Options tab

Specify whether you want to list the withholding tax items for inclusion in the return, or generate an electronic TDS return file, or both. If you want to generate a file, specify where you want the report to save it.

Output

Depending on what settings you make on the selection screen, the report:

·        Lists the withholding tax items for inclusion in the TDS return

·        Generates an electronic file at the location that you specify

See also:

Exemptions and Reduced Rates for Section 194 A

Exemptions and Reduced Rates Under Sections 197 and 197 A