TDS Returns
TDS Return Starting from ₹ 10,000/-
- For individuals or Hindu Undivided by Family, Companies and Partnership Firm
- Filing TDS Returns
- Draft documents
- Filing all necessary forms on time
- Professional’s advice
- Easy and Secure Process for obtaining TDS certificate
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Introduction
Tax deduction at source is a way of collecting tax on income, dividends or asset sale, before filling of income tax return by requiring the payer to deduct tax liable and the income of payee before paying the amount to the payee. In India, under the Indian Income Tax Act of 1961, income tax must be deducted at source according to the provisions of the Income Tax Act, 1961.
Eligibility
- An Individuals or an H.U.F. is only liable to deduct the TDS if they are carrying business and profession and where accounts are required to be audited u/s 44AB of the income tax act in the immediately preceding financial year
- All the companies and Partnership firms are liable to deduct TDS.
Documents
Firm Registration
Documents Required
- PAN card
- Tax payment challans
- TDS deduction details including PAN number of deductees
- Proper information and section in which TDS is deducted.
Procedure
Firm Registration
Procedure
1. Complete the Questionnaire
We will provide a questionnaire which is required to be filled by you in which we will sought the basic details and documents pertaining to the Filing of TDS Returns.
Step 01
2. Review of the documents
All the documents provided to us and the questionnaire will help us to process further for preparation of return.
Step 02
3. Filing of TDS Return
We will file further send you the provisional return for your verification and will file your TDS return before the due date and protect you from any penalty after its duly confirmed and validated from your side.
Step 03
4. Acknowledgment
We will further inform you after filling your TDS Return and also provide you the acknowledgment.
Step 04
Faq's
Firm Registration
FAQs On TDS Return
Who can file TDS return?
TDS return can be filed by employers or organizations who deduct the tax and have a valid Tax Collection and Deduction Account Number (TAN).
What happens if TDS is not reflected in 26AS?
If the TDS of payee is deducted but it does not reflect in your Form 26AS, you may not be able to claim the tax credit. That means, TDS is deducted from your income, but the deductor has not deposited it with the government. Therefore, the tax credit is not reflected in your Form 26AS.
Is TDS paid monthly?
Yes, TDS payment should be done on or before 7th of next month.
What happens if employer doesn’t give Form 16?
If employer fails to issue form 16 it possibly have to pay penalty of Rs 100 per day until the certificate is issued.
What is the TDS certificate?
Every person Deducting Tax at Source (TDS) is required to issue a certificate to the payee (a person to whom money is paid or is to be paid) to the effect that tax has been deducted along with certain other particulars. This certificate is called TDS certificate.
Is PAN mandatory?
Yes for TDS filling PAN is required from deductee. But if deductee does not have PAN card then the transaction liable for TDS should taxed at higher rate of 20%.
Is any interest levied on nonpayment of TDS?
Non-payment or late payment of TDS will attract interest of 1.5% p.m until the tax has not been deposited.
Can I revise my TDS Return?
Yes, if you furnish wrong or incorrect details under TDS return than you can ratify it by filling revise TDS return.