I used to DFT for electronic structure and TD-DFT for resulting UV-Vis spectra. You can check on my paper

 https://www.researchgate.net/publication/305493780_Design_a_better_metalloporphyrin_semiconductor_A_theoretical_studies_on_the_effect_of_substituents_and_central_ions?ev=prf_high

sorry, i can't help you further.

Conference Paper Design a better metalloporphyrin semiconductor: A theoretica...

I would suggest the use of TDDFT. Typically, the software packages which contain this method implemented, are able to compute the electronic properties within a quasiparticle methodology based on the liner-response theory. Such methodologies are in general more accurate than the electronic properties obtained by normal DFT, which has also the problem of underestimation of the band gap energy.

Dear Fadjar Mulya ·

Thank you for your inputs, I will follow up.

Dear Fermín Rodríguez-Hernández

Thank you for your contribution, I will follow your advice.

Dear Fortunatus Jacob,

Could you please be more specific (which electronic properties) regarding the query.

Dear Mohsin Yousuf Lone 

Consider electronic spectra for example.

Then go with TD-DFT. 

Dear Fortunatus Jacob,

As per my opinion, DFT is used for ground state geometry optimization and TD-DFT is used for excited state geometry optimization and other theoretical calculations. To get more clear idea you may follow the computational details of my publication, Chemical Physics Letters 634 (2015) 29–36.

Paul is wright. Use DFT for ground state and TD-DFT (or TD-HFT) for excited states. TD-DFT requires more computational efforts. The better method for excited is GW and the best is BSE (Bethe-Salpeter Equation), but the calculation efforts drastically increase in the same order.  

Dear Mohsin Yousuf Lone ,

Thank you for your advice, I take it.

Dear Suvendu Paul

Thanks for clarification and helpful article, I take your advice too. You have opened up my eyes on these two methods.

Dear Viorel Chihaia

Thank you for your extended inputs on the methods of computation, I now know the direction and the possibilities. I will read more to get more understanding on the methods. Thanks again.

Dear Jacobs,

You are welcome. For TDDFT, I would suggest you the introductory books:

"Fundamentals of Time-Dependent Density Functional Theory", (http://link.springer.com/book/10.1007%2F978-3-642-23518-4)

and

"Time-Dependent Density-Functional Theory - Concepts and Applications", (http://www.oxfordscholarship.com/view/10.1093/acprof:oso/9780199563029.001.0001/acprof-9780199563029)

Best regards,

Viorel

Indeed, one has to dig literature for the choice of functional and basis set. If the same is not documented in the literature, then the common practice is to go for benchmarking prior to calculations.  

Dear Francesc Illas 

Thank you for more insights, I have gained some knowledge.

Dear Viorel Chihaia 

Thank you for the books, I will go through them.

Dear Mohsin Yousuf Lone 

You are right, there are many functionals and basis sets, and sometimes so confusing if no similar study has been done on the system you are working on.