TDS Return Filing
Best TDS Return Filing Service in Jaipur, Rajasthan
Filing TDS Returns
Draft Documents
Filing all necessary forms on time
Consultancy from Experts
Easy and Secure Process for obtaining TDS Certificate
Introduction of TDS Return Filing
Tax Deducted at Source (TDS) is a system introduced by the Income Tax Department to collect tax directly from the source of income. It requires the payer to deduct a specific percentage of tax before making payment to the recipient, whether it is salary, interest, commission, rent, or any other specified income. The deducted amount is then deposited with the government on behalf of the payee.
In India, TDS is governed by the provisions of the Income Tax Act, 1961, making it mandatory for certain payments. Timely and accurate TDS Return Filing ensures that the deducted tax reflects in Form 26AS of the recipient, allowing them to claim credit against their tax liability.
At M Jangid & Associates, we assist businesses and individuals with seamless TDS Return Filing, ensuring compliance with deadlines and accuracy in reporting, so you can avoid penalties and your employees or payees can claim rightful tax credits.
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) Acknowledgement
We will further inform you after filling your TDS Return and also provide you the acknowledgment.
FAQ’s on TDS Return Filing
Q1. What is TDS Return Filing?
TDS Return Filing is the process of submitting a quarterly statement to the Income Tax Department, showing details of tax deducted at source on specified payments like salary, rent, commission, or interest, along with the PAN details of deductees.
Q2. Who is required to file TDS Returns?
Any individual, company, or organization that has deducted TDS on payments such as salary, interest, professional fees, or contract payments is required to file TDS Returns within the prescribed due dates.
Q3. What happens if TDS Return is not filed on time?
Failure to file TDS Returns on time may lead to penalties, late fees, and interest as per the Income Tax Act. It may also prevent deductees from claiming TDS credits in their Form 26AS.
Q4. How often should TDS Returns be filed?
TDS Returns must be filed quarterly, i.e., four times a year, within the due dates specified by the Income Tax Department.