Tax Deduction at Source (TDS) Reporting
Under the India TDS tax system, a deductor must file a TDS return. A TDS return is a quarterly statement you must submit on time to the Income Tax Department of India. You must file TDS returns at specified intervals and include details such as TAN, TDS Payment, type of payment, PAN, and more.
Using the India Localization SuiteTax Reports SuiteApp, you can generate the following tax reports for TDS tax return filing:
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Income Tax Form 26Q – This report shows the resident vendor’s transactions for each subsidiary. You should generate this report quarterly.
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Income Tax Form 27Q – This report shows the non-resident vendor’s transactions for each subsidiary. You should generate this report quarterly.
You can download TDS reports in the following file types:
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CSV (.csv)
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DAT (.dat)
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Excel (.xls)
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JSON (.json)
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Text (.txt)
To view, edit, or export the reports, go to Reports > Tax > Country Tax Reports.