TDS Return Filing
What is TDS Return Filing?
Tax Deducted at Source (TDS) Return Filing is the process where businesses, employers, or individuals who deduct tax at source submit quarterly statements to the Income Tax Department. It ensures that the deducted taxes are properly reported and credited to the government.
Importance of TDS Return Filing
- Statutory Requirement – Mandatory for all deductors as per Income Tax Act
- Timely Credit – Enables employees/contractors to get credit of taxes deducted
- Avoid Penalties – Non-filing leads to late fees & interest charges
- Transparency – Builds accountability and trust with stakeholders
- Legal Compliance – Keeps business free from notices and disputes
Types of TDS Returns
| Form No. | Applicability | Frequency | Purpose |
|---|---|---|---|
| 24Q | TDS on salaries | Quarterly | Contains details of salary paid and TDS deducted |
| 26Q | TDS on all payments other than salaries | Quarterly | Includes contractors, professionals, rent, commission, etc. |
| 27Q | TDS on payments to non-resident Indians (NRIs) | Quarterly | Covers interest, dividend, or other payments to NRIs |
| 27EQ | Statement of Tax Collected at Source (TCS) | Quarterly | For businesses collecting tax at source on specified transactions |
Documents Required for TDS Return Filing
- TAN & PAN of the deductor
- PAN of deductees (employees, contractors, vendors, etc.)
- Details of payments (salary, professional fees, rent, interest, etc.)
- Challan details of TDS deposited
- Form 16 / 16A (as applicable) for reconciliation
Benefits of Filing TDS Returns on Time
- Avoid Late Fees & Penalties – Saves unnecessary costs
- Ensures Tax Compliance – Smooth business operations
- Credit to Deductees – Employees/contractors get tax credit in time
- Good Business Standing – Maintains credibility with authorities
- Legal Security – Minimizes the risk of scrutiny or default Step-by-Step Process of TDS Return Filing
- Gather Data – Collect payment & deduction details
- Validate Information – Ensure accuracy of PAN, TAN, challans, and amounts
- Prepare Return – Fill details in prescribed TDS return forms
- Upload to TRACES/NSDL – Submit the return online
- Acknowledgement – Receive filing confirmation & record for compliance
Why Choose Us for TDS Return Filing?
- Quick & Accurate Filing – Avoid errors & mismatches
- Compliance Experts – Professionals handling all complexities
- On-Time Reminders – Never miss a quarterly deadline
- Affordable Packages – Transparent and cost-effective services
- End-to-End Support – From preparation to submission
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