There are many TDS Softwares out there and they have their own unique features but SAG Infotech’s Gen TDS Return Filing Software stands apart and ahead from its competitors with its speed, accurate functions, features, flexibility and support. Users can use Gen TDS Software for filing Form 15CA/15CB, TDS/TCS E-return Uploads, 15G/H Quarterly Register, and many more TDS related activities.
Tax Deducted at Source (TDS)
Tax Deducted at Source or TDS was imposed with the purpose of obtaining taxes from every source of income. According to it If a person (deductor) is making payment of a specified nature including salary, professional fees, rent, commission, interest etc, to another person (deductee) then he/she will have to cut a small partition of the payment as tax at the source and then deposit the same into the account of the Central Government. The deductee will get the credit for the deducted amount as per Form 26AS for the TDS certificate issued by the deductor.
Form 15CA & 15CB
Form 15CA: Form 15CA is a declaration made by a person to remit money in which he states that he has deducted tax from any payment made to a non-resident.
Form 15CB: Form 15CB, is not a declaration, but a certificate issued by a chartered accountant to ensure that the double taxation avoidance agreement and the provisions of the Income Tax Act are complied with in relation to tax deductions when making payments.
How Gen TDS Software Can Help?
Gen TDS is a well-known TDS return filing software developed by SAG Infotech, The software provides the easiest and user-friendly interface for filing the TDS and TCS returns online according to the norms & regulations of TRACES and CPC, India.
The software makes accurate calculations and helps the user with error-free and easy TDS return filing. Our TDS Software helps the user in Filing Form 15CA & 15CB, 26QB/26QC and lower deduction/no deduction forms. Additionally, the software also helps the user to generate TDS/TCS Certificates, TDS/TCS E-return Uploading, 15G/H Quarterly Register, and many more TDS related activities.
Taxpayers can free download Gen e-TDS return software and experience a hassle-free way of filing TDS returns. The software is accurate multifunctional and has a lot of features
What is Form 15CA?
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As per Section 195, every person making a payment to Non-Residents (not being a Company), or to a Foreign Company shall deduct TDS if such sum is chargeable to Income Tax and the details are required to be furnished in Form 15CA.
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A person responsible for making such remittance (payment) has to submit the form 15CA, before remitting the payment. This form can be submitted both online and offline mode. In certain cases, a Certificate from Chartered Accountant in form 15CB is required before uploading the form 15CA online.
Who is required to file Form 15CA?
As per Rule 37BB, any person responsible for paying to a Non-Resident, not being a Company, or to a Foreign Company shall furnish such information in Form 15CA.
5. Can Form 15CA be withdrawn?
No, there is no option to withdraw Form 15CA.
