Prepare TDS Return
Learn how to prepare TDS Return on ClearTDS
User can fill the details of challans (1) and deductees (2) manually or user can import the same by using excel.
There will be 100+ Validation will be there so that any bad data will not be uploaded.
You can procced with "Finish" after uploading all the data in the system.
You can verify the PAN in batches or in Bulk.
Verify the PAN of Deductees by using "TRACES". Go to "Validate and file".
Click on ‘Run’ against the block titled ‘TRACES’ and than Click on radio button ‘Verify PANs"
Once verification is done you will get a report of the PAN numbers and whether they are active or inactive and Verify the "Name match status with TRACES". You can download this report for future reference
You can verify the challans before generating FVU return. Go to “‘Validate and file". Click on ‘Run’ against the block titled ‘OLTAS’. All the challans will be verified which will give "Match and Unmatched status".
The status will show ‘Matched’ if a challan is found in OLTAS and ‘Unmatched’ if challan details are not found in OLTAS and
User can fix those challans which are mismatched for that user have to Click on the icon “View and Fix” highlighted in blue color.
You can check unconsumed balance in challan. Go to '‘Validate and file". Click on ‘Run’ against the block titled ‘TRACES’ and than Click on radio button ‘Sync Challan"
Click on ‘Challans’ tab and scroll right to the column titled ‘Remaining Amount’ to check for unutilised amounts
You can download challan report in excel format as well.
You can check the 206AB status of the deductors and Aadhaar-PAN linking status. Go to "Validate and file". Click on ‘Run’ against the block titled ‘206AB’.
You can import the certificate details directly from TRACES. Go to "Validate and file". Click on ‘Run’ against the block titled ‘TRACES’ and click on radio button "Syn LDC"
Once validation is done and everything looks fine, you can check whether any potential notices are there i.e. any late filing fee, interest for late deposit & deduction.
Go to "Validate and file". Click on ‘Run’ against the block titled ‘Potential Notices’.
If any validation error is there it will show the errors and you will have to fix them. You can then click on ‘Download all errors’ which will download the error file in excel format with details of only the errored line items. Once you correct these errors, you can ingest the same file back by clicking on ‘Upload corrected file’
Once you will validate all the data, proceed with aggregate validation and generation of FVU file. Following types of error ( if any) can occur while validation otherwise FVU will be generated successfully.
1. Challan over consumption
2. Invalid deductees should be less than 15% of total deductees in form 27EQ.
Once you have completed all validation and you will click on "Run & Generate FVU". Enter last quarter’s PRN no and then click on proceed. You will enter captcha for CSI file. Clear will automatically download a CSI file from the TIN NSDL website and create an FVU file for you. After uploading of CSI file, an FVU file will be generated, you can directly E-file by choosing "E-File option in blue color" from Clear without any DSC or Aadhar OTP. Status of your return will be updated on mail or via link.