After the Challan & Deductee details (and also Salary Details in Form 24Q – Q4) have been entered, you are all set to generate your TDS / TCS return. The ‘Generate Return’ button is present on the Home Page of the Form. Click on the ‘Generate Return’ and the following interface appears on the right panel :

Figure 5-13 Generate Returns

There are 3 steps involved in the Generation of returns.

i. Generate the text file
ii. Cross Verification of the challans
iii. Validation of the file generated using utility provided by IT department

We shall discuss in details about all the steps mentioned above, over the subsequent sections.

Generate the text file

In the first step you will have to generate the text file. This text file is used as an input file for the validation by the utility provided by Income Tax Department.

Cross Verification of the challans

In second step you can check / uncheck Automatic CSI file download link for which Internet connection is a prerequisite. This will download a file, which will have the Challan details as per IT records provided by the Bank, from the NSDL’s website for cross verification of the challans.

Validation of the file generated using utility provided by IT department

Third step involves validating the text file generated in Step 1 and generating the FVU file for submission. While validating, the Challan details entered in the returns and Challan Detail as uploaded by Bank will be cross verified. In case automatic CSI file is unchecked then the path of this file should be manually provided.

On validation, the status in terms of successful / unsuccessful validation will be displayed and one can also view the report for subsequent action.

After the return has been generated and validated, the return has to be submitted to TIN-FC or it can also be uploaded as per the rules in NSDL’s website. Steps for preparation for submission of the return are explained as under:

  • Click on open output folder and copy the file having extension .fvu
  • Print Form 27A by clicking on button ‘Print Form 27A’ which will also be required for submission of return along with the .fvu file in CD / Pen drive.

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TDSMAN - Support

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