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TDS Returns

Benefits of Timely Filing TDS Returns

  • Avoid Penalties: Late filing incurs a penalty of INR 200 per day until the default continues.
  • Prevent Additional Penalties: Failure to file within a year can lead to penalties ranging from INR 10,000 to INR 1 lakh.
  • Facilitate ITR Reconciliation: Filing TDS returns helps reconcile actual income with the income declared in the tax return.
  • Avoid Cancellation of Expenditures: Delays in filing may lead to the cancellation of tax deductions related to expenditures.
  • Facilitate Form 26AS: Timely filing ensures that the details appear in the annual tax statement (Form 26AS), allowing for TDS credit claims.

Original price was: 2,499.00 ₹.Current price is: 1,499.00 ₹.

Required Documents
  1. Details of Deductee
    • Comprehensive information regarding the individual or entity from whom tax has been deducted.
  2. Tax Deduction Account Number (TAN)
    • This is mandatory for filing TDS returns and is unique to the deductor.
Services
TDS Return filing
for single quarter

TDS Return filing
Generation of Form 16A
for single quarter

TDS Return filing
Generation of Form 16A
for one financial year

Description

A TDS (Tax Deducted at Source) return is a periodic statement that reports the tax deducted at source by an employer or payer. It includes details of the tax deducted, the amount paid to the government, and the particulars of the deductees. Filing TDS returns is mandatory for all individuals and entities responsible for deducting tax at source, as it ensures compliance with income tax regulations and helps in reconciling the income tax liability of the deductees.

Detailed Info: Types of TDS Returns

  1. Form 24Q
    • This form is required for reporting tax deductions on employee salaries. It must be filed by all employers in India.
  2. Form 26Q
    • This form is utilized for reporting tax deductions on various transactions other than salaries, such as rent, professional fees, interest, dividends, and payments to contractors.
  3. Form 26QB
    • This form is specifically for TDS deductions on income from the sale of immovable property in India.
  4. Form 27Q
    • This return is filed to furnish details of transactions involving foreign payments.
  5. Form 27EQ
    • This form pertains to the tax collected at source (TCS) on transactions like the sale of liquor, tendu leaves, scrap sales, and timber.
  6. Form 27D
    • This form is filled to obtain the Tax Collected at Source (TCS) certificate, which validates the TCS return filed using Form 27EQ.