What is FORM 27EQ?

(i) Offline process of filing the TDS return:

• STEP 1: TIN NSDL website provides the file format (Return Preparation Utility) or the data structure in which e-TDS or e-TCS return is to be prepared.
• STEP 2: When files are prepared as per the file format (Return Preparation Utility), then the file has to be verified by using File validation utility(FVU) as provided by NSDL.
• STEP 3: If there are any errors then FVU will generate errors report, the file has to be verified again through FVU.
• STEP 4: The generated .fvu file has to be submitted at TIN-FC. The TDS return (.fvu file) has to be saved in pen drive/CD and shall be submitted along with form 27A and shall be duly signed by the authorised signatory.

(ii) Online process of filing the TDS return:

• STEP 1: TIN NSDL website provides the file format (Return Preparation Utility) or the data structure in which e-TDS or e-TCS return is to be prepared.
• STEP 2: When files are prepared as per the file format (Return Preparation Utility), then the file has to be verified by using File validation utility(FVU) as provided by NSDL.
• STEP 3: If there are any errors then FVU will generate errors report, the file has to be verified again through FVU.
• STEP 4. The generated .fvu file has to be uploaded at income tax website as per below points :-
  • Login to income tax india website.
  • Enter your login credentials and click on 'login'. Your user ID will be your TAN.
  • After being logged in ,click the 'Upload TDS' under TDS tab.
  • Then 'Enter statement details' and then click 'validate'.
  • Then upload the TDS zip file and attach the signature file generated using DSC management utility for upload of TDS zip file. Next click on upload button.
  • When the TDS is uploaded the screen will display a successful message. Also a confirmation mail will be sent to your registered email id.
  • The next step will have to validate i.e., e- verify TDS return using EVC, Aadhaar OTP i.e., electronic verification code.
  • Next is to select the relevant option, enter the EVC and then click on submit.