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TDS Return for Salary in Form 24Q filing Q4 FY 2023-24 | 24Q TDS Return 4th quarter with Annexure II

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10 questions
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  • Q1
    What is the primary purpose of Form 24Q?
    Filing annual income tax returns
    Reporting capital gains
    Quarterly filing of TDS returns on salary
    Reporting business income
    30s
  • Q2
    What does Annexure II in Form 24Q include?
    Foreign income
    Capital gains details
    Business expenses
    Salary details of employees
    30s
  • Q3
    What is the first step in filing Form 24Q for the fourth quarter?
    Generating the FVU file
    Uploading bank statements
    Filling out Form 16
    Submitting the tax payment
    30s
  • Q4
    How is the FVU file uploaded to the TDS Reconciliation Analysis and Correction Enabling System (TRACES)?
    Through the TRACES portal
    Via email
    By mailing a hard copy
    Using a USB drive
    30s
  • Q5
    What should be done after uploading the FVU file to TRACES?
    Deleting the original file
    Generating a new FVU file
    Sharing the file with employees
    Verifying the uploaded data
    30s
  • Q6
    Why is it important to avoid common mistakes while filing TDS returns?
    To ensure accuracy and compliance
    To reduce the tax liability
    To avoid having to file quarterly
    To increase tax refunds
    30s
  • Q7
    What type of income is reported in Form 24Q?
    Capital gains
    Salary income
    Rental income
    Business income
    30s
  • Q8
    What is the final step in the TDS return filing process for Form 24Q?
    Sending notifications to employees
    Updating accounting software
    Filing GST returns
    Submitting the TDS return
    30s
  • Q9
    Where can additional resources for TDS return filing be found?
    Personal finance blogs
    Social media platforms
    Local tax office
    TRACES website
    30s
  • Q10
    What is a key takeaway from the video regarding TDS return filing for salary?
    Only required for high-income earners
    It's optional for small businesses
    Filing annually is better
    Accuracy and compliance are crucial
    30s

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