TDS Return
Filing
Overview About Service
The deductor is accountable for filing the TDS return, which comprises sending a quarterly statement to the Income Tax department, in addition to depositing the tax. It's critical to submit TDS returns on time. The full procedure can be finished online. The information will appear on Form 26AS once the TDS returns have been filed.
Choosing FilingMan for your TDS Return Filing offers a distinct advantage due to our specialized expertise and commitment to simplifying complex tax processes. Our team of experienced professionals is well-versed in the intricacies of TDS regulations, ensuring accurate and timely filing while mitigating the risk of errors that could lead to penalties or legal issues. With FilingMan, you can confidently delegate your TDS Return Filing responsibilities, allowing you to focus on core business activities and strategic growth.
The following details must be included when submitting TDS returns:
- both the deductee's and the deductor's PAN.
- tax payment made to the government.
- information on TDS challan.
- any more information that might be pertinent.
TDS, or tax deducted at source, is a method of tax collection used by the Indian government in transactions. It entails withholding tax at the earlier of the moment of payment or when the funds are credited to the payee's account.
For instance, the tax is subtracted at the time of the actual payment for life insurance policies or wage payments. This deducted sum must be deposited with the Income Tax Department by the deductor. The Income Tax Department receives a portion of the tax through TDS, normally at a deduction rate of roughly 10%.
Eligibility Criteria for TDS Return Filing
TDS return filing is carried out by organizations or employers that possess a valid Tax Collection and Deduction Number (TAN). Individuals or entities making specified payments mentioned under the Income Tax Act are required to deduct taxes at the source and deposit them within the stipulated time. Some of the payments that require TDS deduction include:
- Salary Payments
- Income from Securities
- Income from Winning Lotteries, Puzzles, etc.
- Income from Winning Horseraces
- Insurance Commissions
- Payments related to the National Saving Scheme, and more.
Procedure for TDS Return Filing
Step 1:
Start by completing Form 27A, which has several columns. If submitting a paper copy, make sure it is verified and submitted with the E-TDS return.
Step 2:
Step 3:
Double-check that the organization's TAN is listed correctly on Form 27A. Giving the wrong TAN could make verification difficult.
Step 4:
Clearly state the challan number, payment method, and tax information when submitting the TDS returns. Mismatches may result from inaccurate challan numbers or payment dates, necessitating the re-filing of TDS returns.
Step 5:
Step 6:
Actual TDS returns must be delivered to the TIN Facilitation Centre (TIN FC), which is run by NSDL. They can be filed online for filing by visiting the NSDL TIN's main website.
Step 7:
After supplying accurate information, you will obtain a token number or a provisional receipt as verification that your TDS return was filed.
Step 8:
If a return is rejected, a non-acceptance notice specifying the cause is provided, and the returns must be resubmitted in accordance with the new instructions.
TDS Return Filing Costs
₹ 799 / Only
Send Enquiry
Why Choose FilingMan
For TDS Return Filing?
FilingMan's user-friendly approach to TDS Return Filing streamlines the entire process. Our advanced software systems facilitate smooth data compilation, verification, and submission, reducing manual effort and the likelihood of mistakes. We stay updated with the latest tax laws and regulatory changes, ensuring that your TDS returns are compliant with the most current standards. By choosing FilingMan, you benefit from a hassle-free experience, transparent communication, and a dedicated team that not only ensures accurate filing but also provides insights to optimize your tax strategies and compliance.
Moreover, FilingMan's commitment extends beyond the filing itself. We offer post-filing support, including assistance with responding to any queries or notices from tax authorities. With FilingMan as your TDS Return Filing partner, you gain peace of mind, knowing that your tax obligations are efficiently managed by professionals who are dedicated to your financial success and compliance.