TDS Return
To avoid fines, file your TDS/TCS returns on time. Top Accountants and Tax Experts handle e-filing. TDS filed for both businesses and Individuals. TDS (Tax Deducted at Source) is a system used by the Government of India to collect taxes at the point of transaction occurrence.
Request A Free Quote
Exceptional Service
What is a TDS Return?
Focus Your Time and Efforts on Running Your Business and Leave the Accounting to Us
A TDS Return is a quarterly statement that businesses and individuals responsible for deducting Tax Deducted at Source (TDS) must file with the Income Tax Department. TDS is deducted on various payments, such as salaries, rent, interest, and contractor payments. Filing a TDS Return ensures that the deducted tax is reported and deposited with the government. Regular and accurate TDS return filing helps businesses remain compliant with tax laws and avoid penalties for late or incorrect submissions.
How it works - TDS Return
TDS Return filing is essential for businesses and individuals responsible for deducting tax at source to remain compliant with tax laws. It ensures proper reporting and payment of TDS to the government, reducing the risk of penalties.
Following are the steps for TDS Return
Gather all information related to TDS deductions made on salaries, rent, or other payments during the quarter.
Fill in the details of deducted tax, deductee information, and the relevant section of the Income Tax Act on the TDS return form.
File the TDS return online through the government portal and ensure the timely payment of the deducted tax to avoid penalties.
Why Choose a TDS Return?
Accurate Record Keeping
Stay Legally Compliant
Filing TDS returns on time helps businesses comply with tax regulations and avoid heavy fines and penalties for non-compliance.
Smooth Payroll and Contractor Payments
Ensure proper tax deductions on salaries and payments to contractors, keeping your financial records accurate and compliant.
Claim Tax Credit
Filing TDS returns ensures that the deductees can claim the correct tax credit, reducing the chances of tax disputes.
Frequently Asked Questions
Stay Compliant with TDS Regulations and Avoid Penalties
Businesses and individuals who deduct TDS on payments such as salaries, contractor payments, rent, or professional fees must file TDS returns.
You’ll need the TAN (Tax Deduction Account Number), details of the deductee, total TDS deducted, and challans for tax deposited.
TDS returns must be filed quarterly: by July 31st, October 31st, January 31st, and May 31st for the respective quarters of the financial year.
