TDS Return Filing- An Overview
TDS (Tax Deducted at Source) is a system introduced by the Indian government to ensure timely collection of tax revenue. TDS requires that tax be deducted at the source of income and deposited with the government on a regular basis. As an employer or individual, it is important to be aware of your TDS obligations and to file TDS returns in a timely manner to avoid penalties and legal action.
You have to deposit the TDS amount before 7th of every month and apart from depositing the tax the deductor also has to do TDS return filing. TDS return filing is a quarterly statement that is to be given to the Income Tax department. It is necessary to submit the TDS returns on time. TDS return filing can be done completely online. Once the TDS returns are submitted the details will come up on Form 26 AS.
Late filing charges or collected as per Section 234e. Each and every person who files a TDS after the due date is subject to a fine of ₹200 every day until the TDS return is filed.
Due Date for TDS Return filing:
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- Period (1st April to 30th June) – 31st July
- Period (1st July to 30th September) – 31st October
- Period (1st October to 31st December) – 31st Jan
- Period (1st January to 31st March) – 31st May
File your TDS return online by our experts
Our team of experienced professionals will help you navigate the complex TDS laws and regulations and ensure that your TDS returns are filed accurately and on time.
Benefits of TDS Return Filing Service
Expert guidance
Our team of experienced professionals will provide expert guidance and support throughout the TDS return filing process, ensuring that your returns are filed accurately and on time.
Time savings
By outsourcing your TDS return filing, you can save valuable time and focus on your core business activities.
Error-free returns
Our team will ensure that your TDS returns are filed accurately and free of errors, reducing the risk of penalties and legal action.
Cost savings
Our TDS return filing service is cost-effective and affordable, helping you to reduce your compliance costs and improve your bottom line.
Peace of mind
With our TDS return filing service, you can have peace of mind knowing that your TDS obligations are being handled by experienced professionals.
Compliance assurance
Our team will ensure that you are fully compliant with all TDS laws and regulations, helping you to avoid penalties and legal action.
How we work?
Step 1: Consultation with Expert
Step 2: Challan Generation
Step 3: Return Filing
Step 1: Consultation with Expert
Our expert will call you after your contact form submission, then after consultation you will submit all the required documents to us for further processing.
Step 2: Challan Generation
After your documents submission we will make the TDS calculation and process the challan generation on monthly basis.
Step 3: Return Filing
Our Process will be completed after filing the quarterly returns.
Are you still confused?
Our team of experts can help you out finding the best solution for you. Contact us today!
Frequently Asked Questions
TDS stands for Tax Deducted at Source and is a system introduced by the Indian government to ensure the timely collection of tax revenue.
Employers and individuals who are required to deduct TDS from their income are required to file TDS returns in India.
The due date for TDS return filing in India is typically 7th of the month following the deduction of TDS.
Yes, TDS returns can be filed online using the official portals of the Income Tax Department.
If TDS returns are not filed on time, you may be subject to fines and penalties imposed by the government.
Yes, you can outsource your TDS return filing to a professional service provider.
The benefits of outsourcing TDS return filing include expert guidance, time savings, error-free returns, cost savings, peace of mind, and compliance assurance.
Yes, it is mandatory to file TDS returns in India if you are required to deduct TDS from your income.
The penalty for non-compliance with TDS laws and regulations may vary depending on the specific circumstances, but it can include fines, legal action, and damage to a company’s reputation and credibility.
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