Process to Prepare and File 27Q TDS Return

ExpressTDS || Process to Prepare and File 27Q TDS Return


Form 27Q is the statement of the return for the Non-Salary Payments Done to an NRI. The Indian buyer is required to submit the form 27Q every quarter before the due date.
Non-resident Indians who do not hold a PAN card are required to pay TDS at a higher rate of 20% or,
For formal TDS rate applicability required to mention deductee's address, E Mail, Contact number and TIN number.

Step 1: Login and Select Deductor
  1. Login to https://www.expresstds.com/
  2. From the Deductor Master list, select the company/deductor for whom the TDS return is being prepared.
      

Step 2: Start Filing
  1. Navigate to the Return Summary section.
  2. Click on the Start Filing option.
      
  1. Select the appropriate Form (27Q), quarter, year and type (Regular or Correction) and click Submit.
            


Step 3: Create Return Process
  1. Click on the View option to begin creating the return.
            

Step 4: Enter Deductee Transactions (Manual)
  1. Click on the deductee/collectee name to manually add transactions for the selected quarter.
Step 5: Import Transactions
  1. Use the Import Return option on the left side menu to download the template and prepare the return data offline.
  2. Upload the filled template via the same Import Return section.
      
  1. For additional guidance, refer to the deductee transaction process guide.
Step 6: Map Challans
  1. Map the challans by one of the following methods:
    1. Manual Mapping: Add challan details directly.
    2. Excel Upload: Import challan data using an Excel file.
    3. Bulk Challan Mapping: Map multiple challans in bulk.
  2. Refer to the challan mapping guide for step-by-step instructions.

Step 7: Verify Return Data
  1. Navigate to the Computation and Health Table sections to verify the accuracy and completeness of the return data.
      
  1. Ensure all discrepancies or errors are resolved before proceeding.
Step 8: Validate and Upload
  1. After thorough review, click on Validate and Upload.
      
  1. Choose one of the following options:
    1. Generate FVU (IT Portal): For returns uploaded directly to the Income Tax Portal.
    2. Generate FVU (OLTAS): For returns uploaded through the OLTAS system.
            
Step 9: E-File the Return
  1. Click on the E-file option.
  2. You will be redirected to the Income Tax Portal to complete the e-filing process.
      
For detailed steps on generating and filing FVU, refer to the FVU generation guide.

By following these steps, you can successfully prepare and file the 27Q TDS return.