TaxPower TDS · Complete feature list
Every TDS feature, from deductee to Form 16.
TaxPower TDS prepares, validates, files and tracks TDS and TCS returns, keeps challans and deductees in order, and works directly with TRACES and the Income Tax portal. Here is everything it does.
120 features15 feature areas16 returns & forms
- 24Q
- 26Q
- 27Q
- 27EQ
- Form 138
- Form 140
- Form 143
- Form 144
- Correction returns
- FVU
- Form 27A
- Form 16
- Form 16A
- Form 27D
- Conso file
- Justification report
Return preparation – 24Q, 26Q, 27Q & 27EQ
Prepare quarterly TDS and TCS statements for every deductor, for the current year and earlier periods.
Returns covered
Form 24Q: TDS on salary, including annual salary details in the fourth quarter Form 26Q: TDS on payments other than salary to residents Form 27Q: TDS on payments to non-residents Form 27EQ: TCS returns Original (regular) and correction returns Earlier-period returns and corrections, with financial year and quarter selection
Return management
Separate workspace for each return type Return summary before generation Due date and filing date shown for every return Return status tracking from preparation to processing Previous filing details for comparison Unlimited TANs within the licensed edition
Data entry
Direct deduction entry with deductee and section look-up Import deduction data from Excel, text files and consolidated statements Deductee-wise and section-wise deduction details linked to challans
Income-tax Act 2025 ready
Support for the new Act from F.Y. 2026-27, alongside the existing forms for earlier years.
Form 138 (replacing 24Q) for TDS on salary Form 140 (replacing 26Q) for TDS on other payments to residents Form 144 (replacing 27Q) for payments to non-residents Form 143 (replacing 27EQ) for TCS Updated FVU and RPU versions New Income Tax and TRACES portal workflows
Validation, pre-scrutiny & FVU
Find and fix errors before the return reaches the department, not after the notice.
100+ built-in validations on return data Pre-scrutiny of the return before filing PAN information review for every deductee Tax shortfall, interest and fee checks Automatic FVU generation with clear validation messages Error-correction workflow: fix the flagged issue and regenerate Filing readiness shown for each return
Direct e-filing
File on the Income Tax portal from inside TaxPower and keep track of what happened next.
Direct e-filing with OTP verification Deductor login to the Income Tax portal Form 27A generated automatically Acknowledgement number tracking RRR number (receipt reference) tracking Filing status queries and processing status in the returns register Submission and resubmission flows
TRACES integration
Raise TRACES requests and bring the results back without manual portal visits.
Requests & downloads
TRACES login for each deductor Request and download Conso files Request and download Justification reports Request and download Form 16 and Form 16A Outstanding demand and challan details TRACES inbox Request list with status tracking
Automation
Automatic token pick-up Conso and CSI files handled automatically, with no manual CSI download Verification of downloaded files Read Section 200A intimations Default summary checks
Correction returns
Fix reported defaults with minimum effort and keep a full history of revisions.
Automated correction return preparation Prepare the correction from the downloaded Conso file Review the Justification report to see exactly what was defaulted Correction workflows for current and earlier periods Filing history for every original and correction return Acknowledgement and status updates after each revision
Challan management
Keep deductions and challans in step so short-payment defaults do not happen.
Challans
Add and edit challans, with CIN update Challan payment through the Income Tax portal Import challans from OLTAS Import challans from earlier periods Generate challans automatically from deduction entries BIN validation for book-entry payments Challan verification PDF challan receipts
Mapping & reconciliation
Map deductions to challans automatically Available challan balance and unused-balance utilisation Challan claim management Consolidated challan details Payment reconciliation and liability tracking
Interest, fees & tax computation
Interest, late fees and liability worked out for you, with a clear breakup.
Interest on late deduction and late payment Late-filing fee under Section 234E Interest liability breakup by deductee and section Quarter-wise and year-wise interest calculation Challan utilisation and tax liability Penalty computation
Deductor management
One place for every TAN you look after.
Deductor master with TAN, profile and responsible-person details Grouping and classification of deductors Deductor import and export Secure storage of TRACES and Income Tax portal logins for each deductor Deductor and TAN dashboard
Deductee, employee & PAN management
Get deductee data right before it reaches the return, since PAN errors cause most defaults.
Masters
Deductee master and employee master Salary details for employees Bulk import of employees and deductees from Excel Linked deduction details for each deductee
PAN & certificates
PAN validation Bulk PAN verification in one click, without visiting a TIN facilitation centre PAN update workflow Higher-rate checks for PAN compliance Section 197 lower-deduction certificate verification, with mismatches flagged
Form 16, 16A & 27D
TDS and TCS certificates generated, signed and sent from one place.
Form 16 Part A and Part B for salaried employees Form 16A for non-salary TDS, from TRACES Form 27D for TCS Digitally sign certificates Preview, print and save as PDF Email certificates to employees and deductees
Intelligent compliance engine
Find likely defaults before you file, not after the intimation.
Default prediction before the return is submitted Flags invalid PANs, short deduction, challan mismatches and interest liability Deductee-wise and section-wise compliance checks All issues on a single dashboard Deduction compliance status and timely alerts
Reports & MIS
Registers, statements and summaries for every deductor you look after.
Registers
TDS return register with filing and processing status Challan register Tax deduction register
Statements & summaries
Monthly tax deduction summary Deductee-wise TDS statement, quarterly and yearly Section-wise TDS statement Employee-wise summary and salary reports Interest calculation report Compliance reports Form 3CD support (beta) Export to Excel and PDF
Users, security & deployment
A fast, secure Windows application for one PC or a whole office.
Users & settings
User management with role-based access Email account set-up for sending certificates and reports Preferences and operational settings
Data & deployment
High-performance database Standalone or multi-user over LAN, WAN, VPN or a Windows VPS Backup and restore Software updates Protection for client data throughout
Help & support
Help from the Magnum Infosystem team when you need it.
In-product help and notification centre Online onboarding and training Remote assistance for supported workflows Guidance on filing changes and updates
Why TaxPower TDS
Why professionals choose TaxPower TDS
Complete coverage
Forms 24Q, 26Q, 27Q and 27EQ, original and correction, plus Forms 138, 140, 143 and 144 under the new Act.
Fewer defaults
100+ validations, pre-scrutiny and default prediction catch problems before you file.
Direct e-filing
File on the Income Tax portal with OTP verification and track acknowledgement and RRR numbers.
TRACES built in
Conso files, Justification reports, Form 16/16A and Section 200A intimations without manual portal visits.
Challans under control
OLTAS import, automatic mapping and balance utilisation keep deductions and payments in step.
Certificates handled
Form 16, 16A and 27D generated, digitally signed and emailed from the software.
Built for CAs and companies
Unlimited TANs, deductor grouping and role-based multi-user access.
Ready for the new Act
Updated FVU and RPU versions and new portal workflows from F.Y. 2026-27.
Get started
See TaxPower in action on your own data
Book a free, no-obligation demo with our team. We’ll walk you through GST and TDS workflows and help you pick the right edition.
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