Gen TDS is an e-filing software that makes it easy to fill out online TDS/TCS returns quickly. It includes all the specifications needed for e-filing. TRACES regulations mandate the filing of TCS and TDS returns using Gen TDS software, which is a more comfortable and user-friendly platform.
The Gen TDS software is based on tax compliance and supplies some extra features such as calculating TDS interest and amounts, penalizing late fees, and determining TDS returns. Further, the software allows imports of last year's data in Form 15CA and Form 15CB, streamlining the reporting process.
The facility of online payment at the income tax portal allows timely payments for multiple forms 26QB/26QC/26QD. The I-T Department's new e-filing portal makes it easy for users to upload TDS/TCS returns, with an improved and user-friendly interface. It ensures compliance with the latest requirements with the latest version of FVU, which facilitates seamless filing of form 24G.