TDS Return Filing

TDS Return Filing

TDS Return Filing 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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TDS Return Filing

Introduction of TDS Return Filing

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.

Compliance Sagar will help you in TDS Return Filing on time so that your employee and for the persons whom TDS have been deducted can take the proper input in their form 26AS. You may get in touch with our team on +91 63772 78327 or email compliancesagar@gmail.com for TDS Working.

Eligibility for TDS Return Filing

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 Required for TDS Return Filing

Tax payment challans

PAN card

TDS deduction details including PAN number of deductees

Proper information and section in which TDS is deducted.

Procedure of TDS Return Filing

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.
2. Review of the documents : All the documents provided to us and the questionnaire will help us to process further for preparation of return.
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.
4. Acknowledgment : We will further inform you after filling your TDS Return and also provide you the acknowledgment.

Additional Information for Income tax return for Trust & NGO

Due Date for filing TDS Return

Tax periodDue date
1 April to 30 June31 July
1 July to 30 September31 October
1 October to 31 December31 January
1 January to 31 March31 May

TDS Forms

  • Form 24Q: Quarterly statement for tax deducted at source from "Salaries"
  • Form 26Q: Quarterly statement of tax deducted at source in respect of all payments other than "Salaries"
  • Form 27Q: Quarterly statement of deduction of tax from interest, dividend or any other sum payable to non-residents
  • Form 27EQ: Quarterly statement of collection of tax at source

Due Date of Payment of TDS
Due Date for payment of tax is 7th of next month For example: Tax for the month of April is 7th may

Late filing fees/ Penalty
As per section 234E Penalty for non-filling of TDS Return is Rs 200 per day from the due date until the return is filed. Penalty levied on daily basis and maximum penalty is up to the TDS amount that you are supposed to pay as a TDS.

Non filling of Return
If assessee does not files TDS return under 1 year after the due date applicable or furnish incorrect information then he shall be liable for penalty which shall not be less than Rs. 10000 but extend to Rs. 1,00,000.

TDS Certificate
TDS certificates have to be issued by the person deducting TDS to the assessee from whose income TDS has been deducted while making the payment to payee.

Particulars Form No. Frequency of Certificate
TDS certificate in respect of tax deducted on salary Form No. 16 Annually
TDS certificate in respect of tax deducted on payments other than salary Form No. 16A Quarterly
TCS certificate Form No. 27D Quarterly