TDS Return Filing

Simplify TDS compliance with CA assisted return filing

What is TDS Return filing?

A person who is liable to deduct tax at source has to file the TDS return as part of compliance. A TDS return is submitted by Tax Deductor in respect of every quarter with the Income Tax Department. The return is a statement that entails the details of the tax collected, source of collection and tax paid to Government for the reporting period.

Generally, tax is deducted on transactions such as Salaries, payment to professionals and contractual basis, payment of rents exceeding certain amount, etc. For every such type of transaction and payment, there is prescribed rate of interest. The deductee can claim the benefit of the tax deducted while ITR filing, only if the deductor has filed the TDS return on time.

Documents required for online TDS Return filing

TAN
The Tax Account Number of the deductor
Tax Paid Receipt
Acknowledgement receipt of the tax paid to Government
Details of tax deducted
Provide us details of the tax deducted
Details of Supplies
Details of the inward and outward taxable supplies along with details of invoice

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Depends on nature of income or type of deductee

Types of TDS return

Quarterly Due dates

Form 24Q

TDS on Salary

Form 27Q

TDS where deductee is a non-resident, foreign company

Form 26QB

TDS on payment for transfer of certain immovable property

Form 26Q

TDS in other case

Quarter 1 April – June

July 31

Quarter 2 July – September

October 31

Quarter 3 October – December

January 31

Quarter 4 January – March

May 31

TDS filing in 3 Easy Steps

1. Answer Quick Questions

  • Pick a Package that best fits your requirements
  • Spare less than 10 minutes to fill in our Questionnaires
  • Provide basic details & documents required for registration
  • Make payment through secured payment gateways

2. Experts available for Help

  • Assigned Relationship Manager
  • Reconciliation of the information
  • Preparation and filing of TDS return
  • Acknowledgment of filing the returns

3. Your TDS Return is duly submitted

  • All it takes is 5 working days*

*Subject to Government processing time

Process for TDS online filing

Day 1 – 2

  • Collection of the information from the details shared by you
  • Documentation and reconciliation of the information filed

DAY 3 – 5

  • Preparation of TDS return
  • Filing TDS return online
  • Acknowledgment of Filing the return

Explore online TDS return filing in India
Frequently Asked Questions

Who is required to file TDS return online?
Any assessee deducting tax from a source must file the TDS return. Unless one has deducted tax, a requirement to file TDS return does not arise.
What is a TDS Certificate?
As the name says, TDS is collected on source of income and therefore the frequency of collection is as frequent as the transactions are. This makes track of deduction difficult. Therefore, a certificate on the letterhead of the deductor is issued to deductee for the TDS payment. Individuals are advised to request for TDS certificate wherever applicable, if not already provided.
What is the penalty for delay or non-filing?
The taxpayer failed to file TDS return before due date has to pay ₹ 200 per day of delay in filing as an additional fee. Apart from an additional fee, the penalty can be levied u/s 271H of Income Tax Act. The minimum penalty prescribed is ₹ 10,000 which may extend to One Lakh Rupees.
How and when the TDS must be deposited?
Tax Deducted at Source (TDS) must be deposited through banks using Challan 281 quoting the TAN number of the entity. The deadline for payment of TDS is the 7th day of each month.
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