TDS Return Filing
Tax Deducted at Source (TDS) is a system introduced by the Income Tax Department of India to collect tax at the very source of income generation. Businesses and individuals making specified payments like salaries, rent, professional fees, commissions, etc., must deduct a prescribed percentage as tax and deposit it with the government.
Filing a TDS return accurately and timely is mandatory for all deductors. It helps maintain transparency, ensures credit for the deductee, and avoids heavy penalties for non-compliance. Our professional TDS filing services ensure complete accuracy, timely submissions, and hassle-free compliance with all government regulations.
Key Features
Complete Filing of All TDS Forms
Filing for all types of TDS returns including Form 24Q (Salary), Form 26Q (Non-salary payments), Form 27Q (Payments to Non-Residents), and Form 27EQ (TCS).
PAN and TAN Verification
Ensuring correct linking of PAN and TAN to avoid errors and rejections.
Quarterly TDS Return Filing
End-to-end support for quarterly TDS returns to maintain compliance throughout the financial year.
Challan Verification and Correction
Verifying challans and assisting in rectification of errors in deposited TDS amounts.
Penalty Avoidance
Ensuring returns are filed within due dates to prevent late filing fees, penalties, and interest under Section 234E and 271H.
TDS Reconciliation Assistance
Matching TDS deducted with Form 26AS and assisting in reconciliation with books of accounts.
Error-Free e-Filing and Acknowledgement
Quick online filing with generation of TDS return acknowledgment for records.
Information Checklist
Basic Details:
- TAN and PAN of the Deductor
- PAN of Deductees
- Nature of Payment (e.g., Salary, Rent, Contractor Fee, Commission)
Transaction Details:
- Amount Paid/Credited
- TDS Amount Deducted
- Date of Payment/Credit
- Date of TDS Deduction
- TDS Challan Details (BSR Code, Challan Serial Number, Challan Date)
Salary Specific (for Form 24Q):
- Employee-wise breakup of salary
- Deductions under Chapter VI-A (80C, 80D, etc.)
- House Rent Allowance (HRA) Details
- Income from other sources if declared by employee
- Taxable Perquisites (if any)
Other Documents:
- Previous TDS Returns (if any, for correction or continuity)
- Details of Lower/Nil TDS Certificates (if applicable)
FAQs
Any individual, company, or organization deducting TDS while making specified payments such as salary, rent, contractor payments, commission, etc., must file quarterly TDS returns with the Income Tax Department.
TDS returns must be filed quarterly — by 31st July, 31st October, 31st January, and 31st May for Q1, Q2, Q3, and Q4 respectively, of the financial year.
A penalty of ₹200 per day under Section 234E is charged for delay in filing, subject to a maximum amount equal to the TDS amount. Additional penalties under Section 271H may also apply.
Different forms are used based on the nature of payment: Form 24Q for salaries, Form 26Q for domestic non-salary payments, Form 27Q for foreign remittances, and Form 27EQ for TCS.
Yes, if there are any errors like incorrect PAN, wrong challan details, or incorrect deduction amounts, a revised TDS return can be filed after correcting the errors.
Yes, obtaining a Tax Deduction and Collection Account Number (TAN) is mandatory for anyone responsible for deducting or collecting tax at source.
Form 16 is a certificate issued by employers to employees detailing the salary paid and the TDS deducted. It is generated based on quarterly TDS returns filed by the employer.
BSR (Basic Statistical Return) Code is a 7-digit code allotted to banks by RBI, used for identification while filing TDS challans and TDS returns.
No, TDS returns must be filed electronically via online upload on the TIN-NSDL portal or through government-approved platforms.
Yes, businesses paying freelancers and consultants professional fees above ₹30,000 per annum must deduct TDS at 10% under Section 194J.
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