TDS Return Filing Online

  • 500+ TDS Returns Filed Online
  • No Hidden Charges
  • 100% Customer Satisfaction
  • Seamless TDS Return Filing Led by Seasoned Industry Experts
  • 10-Day Process Completion Guarantee*
  • Fast-Track Service
...
Start Your Business with free consultation
4.6 / 5

Google Reviews

Overview

TDS Return Filing Online, or Tax Deducted at Source (TDS) is a mechanism employed by the government to collect taxes directly from the income source, akin to a small portion of tax being withheld before receiving payment. This approach aids the Income Tax Department in the efficient gathering of taxes, and adherence to TDS regulations is imperative for individuals and businesses in India to ensure compliance with tax rules.


The Income Tax Department checks TDS returns to ensure taxes are deducted and sent to the government correctly, matching what's reported in recipients' tax returns. All entities and individuals following TDS rules must file these returns every three months.

TDS Return Filing Benefits

TDS return filing offers several benefits to businesses & taxpayers alike. Some of the benefits are:

  1. Saves you from penalties: Filing TDS returns on time helps you avoid penalties & interest levied by the Indian Tax Department for late filing or incorrect filing.
  2. Easy credit utilization: With TDS return filing, taxpayers can claim the TDS paid by them as a credit against their overall tax liability.
  3. Compliance with Income Tax Laws: Filing TDS returns regularly ensures that you are compliant with income tax laws & regulations.
  4. Efficient cash flow management: It enables better cash-flow management for the company since it allows them to assess their TDS liability.

Process for TDS Return Filing

TDS returns must be filed on time & accurately to avoid penalties & other legal issues. Here is a step-by-step guide on how to file TDS returns:


1. Gather the necessary information & documents. You'll need details such as the PAN card of the deduction, the amount paid, & the tax deducted at source, among others. All of these must be listed in the correct sections to avoid penalties.

2. Register yourself on the government's TDS site & log in to upload your form.

3. Choose the year & quarter for which you want to file your TDS return.

4. Pick the correct form for your TDS filing. There are various forms, depending on the type of payments made & the persons to whom payments were made


Forms

Details

26QB

For the transfer of any immovable property

26Q

Other cases

27Q

Foreign companies, where the deductee is a non-resident

24Q

Salary



5. Carefully check the details you have entered for each section on the form, including the personal information of the party receiving payment, the TDS amount, & the deducted tax rate.

6. After you have checked all the details, validate the form, & take a printout of the filled-in form.
7. Submit the form online, & a receipt or acknowledgement will be generated. Preserve this carefully, as it serves as proof of your filing.

Documents Required for TDS Return Filing

All through TDS & its other aspects, make sure you have all the necessary documents for proper TDS filing. 
  • PAN Card: Your permanent account number is mandatory for identification.
  • TAN (Tax Deduction Account Number): This unique number issued by the tax department is required for filing TDS returns.
  • Bank account details: Provide details of your bank account used for depositing deducted TDS amounts.
  • Digital Signature Certificate (DSC): not mandatory for all returns, but recommended for secure online filing and e-verification.

Specific Documents Based on TDS Deduction

  • Form 16/16A/16B/16C: These certificates issued by deductors (like businesses, banks, and contractors) detail the TDS deducted from various income sources like salary, rent, property sale, etc.
  • Challans: Proof of depositing the deducted TDS amount into the government treasury through challans or online payments.
  • Transaction details: Information on payments made and TDS deducted, including recipient details, PAN, payment date, section of deduction, rate of tax, etc.
  • Supporting documents: Depending on the specific type of TDS, additional documents like invoices, bills, contracts, agreements, etc. might be required.
By keeping these documents handy, TDS return filing can be done quickly & without any errors. It is always recommended to consult a professional for the accurate filing of TDS returns. Get in touch with our experts now.

Fees for TDS Return Filing

Filing TDS (Tax Deducted at Source) returns is mandatory for individuals or entities that deduct tax at the source. The fees for TDS return filing in India typically depend on the service provider or professional filing the return, the number of transactions, and the complexity of the filing.

On average, the fees for TDS return filing range between ₹500 to ₹2,000 for a basic filing. However, for businesses with a higher number of transactions or complex deductions, the fees can go up to ₹5,000 or more per quarter. Service providers may charge separately for TDS correction or late filing.

There is also a penalty for late filing of TDS returns. The Income Tax Department imposes a penalty of ₹200 per day under Section 234E, subject to a maximum limit of the TDS amount. Additionally, failure to file within one year from the due date can lead to further penalties.

It's advisable to hire professionals or use trusted online platforms that offer TDS return filing services, ensuring compliance with the due dates and accuracy to avoid penalties.

TDS Return Filing with Taxlegit

Looking for expert assistance with TDS return filing? At TaxLegit, we understand the complexities involved in TDS return filing. Our team of experts possesses in-depth knowledge & extensive experience in handling all types of TDS-related issues. By entrusting us with your TDS return filing needs, you can be assured of timely & accurate filings.

Our step-by-step procedure includes:

  1. Understanding your TDS-related transactions & liable payments.
  2. Preparing your TDS return with utmost precision & accuracy.
  3. Ensuring timely filings & avoiding penalties.
  4. Handling any notices or discrepancies related to your TDS returns.

Partnering with TaxLegit ensures hassle-free TDS return filing, giving you the peace of mind to focus on other important aspects of your business. So, why take the risk when you can work with the experts at TaxLegit? Contact us today to get started.

FAQ's

Any individual, business, or organization that deducts TDS from payments must file TDS returns. This includes employers, contractors, and financial institutions.

TDS returns are filed quarterly. The deadlines are usually: (April to June): 31st July (July to September): 31st October (October to December): 31st January (January to March): 31st May Filing within these deadlines helps you avoid penalties and maintain a good compliance record.

Late filing attracts a penalty of ₹200 per day, up to a maximum of ₹5,000. Additionally, interest may be charged on late payments of TDS.

Payment records, your PAN, your TAN, and information on the TDS that was withheld and deposited are all required. Depending on the payment method, additional paperwork may be needed, such as Form 16, property deeds, or investment evidence.

Yes, you can revise your TDS return if errors are identified after submission. Ensure the revised return is filed within the allowed time frame to avoid further complications.
For Free consultancy contact us

What are Customers say
about us on
Google

Mr. Anil kumar

CFO ( BHARAT LIMITED )
“My heartiest thanks to Taxlegit for being such a perfect assistance in maintaining my accounts. I am an owner of a marketing firm and I got an urgent need for bookkeeping and accounting. Taxlegit has got the finest accounting team and I am very impressed from the knowledge they had.”

MR. RAJESH KALRA

OWNER ( MRIGNAYANI DESIGN CLOTHING )
"Well, never thought that Private Limited Company Registration would be so easy. At first, I thought that getting company registration done is a thing that can be done by me. But truly, I was wrong! I am quite sure that I would never have been able to do it in such an organized manner like Taxlegit did for me."

MR LOVE CHOUDHARY

STUDIO OWNER ( STUDIO )
“I was really looking forward to get some of the best legal as well as tax services. Searched on the Internet for the same, but really I was never satisfied from any of the services of any organization. Finally, I got introduced to Taxlegit and you guys are amazing! You came out with the perfect solutions to my issues.”

MR. AMIT GOYAL

TRUSTEE ( TKWS INSTITUTE OF BANKING AND FINANCE SOCIETY )
“Hey Taxlegit! You are such a savior. Thanks for helping me out in getting my newly launched NGO registered. I am so proud that I finally and officially own an NGO and living up to my dreams. You all are great. Thanks for everything.”

Mr. DURGA RAJAK

WRITER, AUTHOR, PHOTOGRAPHER ( - )
“Accounting has never been my job since I am a writer. But, in order to maintain my records, I got to know that I have a dire need for an accountant, and I got the same at a reasonable cost from Taxlegit. Thank You so much.”

Related Blog & Article