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<h1>New Guidelines for Electronic Filing of TDS and TCS Returns: Ensure Compliance with Data Specs and Timely Submission.</h1> The circular outlines guidelines for filing tax deduction at source (TDS) and tax collection at source (TCS) returns on computer media, as introduced by the Finance Act, 1997. It specifies the requirements for submitting TDS returns electronically, including the need for a test return to ensure compliance with data specifications. The circular details the procedures for preparing and submitting returns, including the use of Form No. 27A, ensuring media is virus-free, and guidelines for data structure and record layouts. It also emphasizes the importance of timely submission and the conditions under which paper returns must be filed.