TDS Return filing

What is TDS Return filing?

To comply with tax deduction regulations, a person who is liable to deduct tax at source must file a TDS return. This return is submitted by the tax deductor every quarter to the Income Tax Department and contains information about the tax collected, its source, and the amount paid to the government for the reporting period. It is an essential statement for compliance with tax regulations.

Tax is typically deducted from various transactions such as salaries, payments to professionals and contractors, rent payments exceeding a certain amount, and more. Each of these transactions has a prescribed rate of interest. The deductee can claim the tax benefit of the amount deducted while filing their Income Tax Return (ITR), but only if the deductor has filed the TDS return on time with the Income Tax Department.



Documents required for online TDS Return filing


TAN

The Tax Account Number of the deductor

Tax Paid Receipt

Acknowledgement receipt of the tax paid to Government

Details of tax deducted

Provide us details of the tax deducted

Details of Supplies

Details of the inward and outward taxable supplies along with details of invoice


TDS filing in 3 Easy Steps

1. Answer Quick Questions
  • Pick a Package that best fits your requirements
  • Spare less than 10 minutes to fill in our Questionnaires
  • Provide basic details & documents required for registration
  • Make payment through secured payment gateways
2. Experts are Here to Help
  • Assigned Relationship Manager
  • Reconciliation of the information
  • Preparation and filing of TDS return
  • Acknowledgment of filing the returns
3. Your TDS Return is duly submitted
  • All it takes is 5 working days*
*Subject to Government processing time

Process for TDS online filing

Day 1 - 2
  • Collection of the information from the details shared by you
  • Documentation and reconciliation of the information filed
Day 3 - 5
  • Preparation of TDS return
  • Filing TDS return online
  • Acknowledgment of Filing the return

Explore online TDS return filing in India

Frequently Asked Questions


Any assessee deducting tax from a source must file the TDS return. Unless one has deducted tax, a requirement to file 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.