How to file TDS return?

TDS return filing is mandatory for all the assessees who fall below the tax slab as prescribed by the Income Tax Department. It is mandatory to file the TDS returns online and it can be done through the official Income Tax e-filing portal.

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ABOUT

A person who is responsible to deduct tax at the source has to register the TDS return as an element of compliance. A TDS return is offered by the Tax Deductor in regard to every quarter with the Income Tax Department. The return is a statement that involves the details of the tax accumulated, source of collection, and tax given to the Government for the reporting phase.

Generally, tax is diminished on transactions such as Salaries, payment to experts, and contractual basis, payment of rents surpassing a specific amount, etc. For each such type of transaction and amount, there is a designated rate of interest. The deductee can demand the privilege of the tax subtracted while ITR filing, only if the deductor has recorded the TDS return on time.

 

Advantages of a Private Limited Company

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Prevent tax evasion

TDS Return filing helps people to prevent tax evasions.

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Widens the tax collection base

As TDS deductions take place throughout the financial year, it’s an effective mode to widen the tax collection base to the government

 

PROCESS FOLLOW

1-2 HOURS
Select Package

Start by selecting the appropriate one, fill out the required forms, or simply speak to our experts online for assistance.

2 WORKING DAYS
Obtain Information and Documentation

We will collect the information and will do documentation and reconciliation of the information filed.

3-4 WORKING DAYS
Preparation of TDS return

We will prepare for the TDS return process and will fill the online TDS return form.

7-8 WORKING DAYS
Acknowledgment of Filing the return

We will provide you the acknowledgement receipt of the successful filing of TDSReturns.

 

DOCUMENTS REQUIRED

Pre-requisites

  • Title of the invention
  • TAN details
  • PAN details
  • Last TDS filing details, if applicable
  • The period for which TDS has to be filed
  • Date of incorporation of the business
  • No. of transactions for filing TDS returns
  • Name of the entity – Proprietorship/ Partnership/ Company/ LLP

PRICING

Basic Package

Save upto-10% cost on this package

₹ 7,999

(Inclusive All)

  • Name Search Report
  • Name approval in RUN (Reserve Your Unique Name)
  • DSC(2no) (Extra Dsc Per Director – Rs-1000)
  • Filing Spice Form
  • Issue of Incorporation certificate along with PAN & TAN
  • Include Government Fees & Stamp Duty for Authorized Capital Upto -1 Lakh except for the state of Punjab, MP and Kerala.
  • Msme Registration
  • Share Certificate (Soft Copy)
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Growth Package

Save upto-20% cost on this package

₹ 9,999

(Inclusive All)

  • Name Search Report
  • Name approval in RUN (Reserve Your Unique Name)
  • DSC(2no) (Extra Dsc Per Director – Rs-1000)
  • Filing Spice Form
  • Issue of Incorporation certificate along with PAN & TAN
  • Include Government Fees & Stamp Duty for Authorized Capital Upto -1 Lakh except for the state of Punjab, MP and Kerala.
  • Msme Registration
  • Share Certificate (Soft Copy)
  • GST Registration
  • Stamp and Company Seal
  • Bank – Current Account Opening
  • 10% Discount on Future Service
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Premium

Save upto-30% cost on this package

₹ 16,999

(Inclusive All)

  • Name Search Report
  • Name approval in RUN (Reserve Your Unique Name)
  • DSC(2no) (Extra Dsc Per Director – Rs-1000)
  • Filing Spice Form
  • Issue of Incorporation certificate along with PAN & TAN
  • Include Government Fees & Stamp Duty for Authorized Capital Upto -1 Lakh except for the state of Punjab, MP and Kerala.
  • Msme Registration
  • Share Certificate (Soft Copy)
  • GST Registration
  • Trademark Registration
  • 1month free GST filing
  • NDA
  • Guideline for Startup India Registration.
  • Stamp and Company Seal
  • Bank – Current Account Opening
  • 10% Discount on Future Service
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FAQ's

Any assessee deducting tax from a source must file the TDS return. Unless one has deducted tax, a requirement to file a TDS return does not arise.
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.
 
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.
 
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.
Yes. It is mandatory for deductors and employees to submit their PAN as well.
 
While paying TDS, e – payment is the compulsory process.
 
The following are the basic duties of any individual who is liable to deduct tax at source. • He shall obtain the Tax Deduction Account Number and quote the same in all the documents pertaining to TDS. • He shall deduct the tax at source at the applicable rate. • He shall pay the tax deducted by him at the source to the credit of the Government (by the due date specified in this regard*). • He shall file the periodic TDS statements, i.e., TDS return (by the due date specified in this regard*). • He shall issue the TDS certificate to the payee in respect of tax deducted by him (by the due date specified in this regard*). *Refer tax calendar for the due dates.
 
TAN is an alphanumeric 10-digit number required by a person who is liable to deduct TDS and file TDS return. Thus such a person must make an application within a month of deducting TDS for allotment of Tax Deduction and Collection Number (TAN) in Form 49B. This number allotted is mandatory to mention in all TDS Certificates issued, returns, challans, etc. If a person fails to apply for TAN he may be penalized up to Rs. 10,000/-
 
It is a document that serves as an annexure to the intimation to be sent to the deductor. Intimation will be sent to the deductor through mail/post but a justification report will have to be downloaded from the portal.
 
Tds return late filing fees is Rs.200 per day until TDS is paid, but the penalty amount cannot be more than the TDS amount.
 
Registration on Traces and E-filing of TDS return is the first step. Firstly, on traces, register your TAN number. But registration cannot be processed if you have not filed a TDS return.
 
TDS returns filing online can be done on tin-nsdl.com. The returns can be filed with RPU (Return Preparation Utility), available on the same web portal. It is a free-to-use resource, that can be downloaded from the site.