Timely and accurate TDS (Tax Deducted at Source) return filing is essential for businesses and individuals who are responsible for deducting taxes on payments made to employees, contractors, or vendors. Our expert TDS filing services ensure that your TDS returns are filed in compliance with Indian tax laws, avoiding penalties and interest.
From calculating TDS deductions, generating Form 26Q, and filing returns on time, to reconciling TDS payments and ensuring all records are accurate, we offer comprehensive solutions tailored to your needs. Let us handle your TDS filing requirements so you can focus on running your business smoothly and ensuring tax compliance.
TDS (Tax Deducted at Source) return filing is a critical compliance requirement for businesses and individuals who deduct taxes on payments made to employees, contractors, or vendors. Our TDS return filing services ensure that your filings are precise, timely, and in full compliance with the latest Indian tax regulations.
From accurate TDS calculations and generating the correct returns to filing them promptly and reconciling your payments, we offer comprehensive solutions for all your TDS-related needs. Our team of experts ensures your tax obligations are fulfilled without the risk of penalties, interest, or compliance issues, allowing you to focus on your core business operations.
Filing TDS returns is essential for ensuring that taxes deducted at source are paid correctly and on time. Here’s why it’s important:
Under the Income Tax Act, businesses must deduct TDS at the prescribed rates and file returns to report the same. Failure to comply can result in penalties and interest charges.
Timely and accurate filing ensures that the deducted TDS is reflected in the Form 26AS of the deductee. This enables employees, contractors, and vendors to claim the credit for the taxes deducted on their behalf.
Filing TDS returns helps businesses stay compliant with the Indian tax system and ensures that there are no discrepancies with the Income Tax Department.
Late filing or non-filing of TDS returns can lead to hefty fines and penalties. We ensure your TDS returns are filed on time to avoid such penalties.
We ensure that all TDS payments and filings are completed before the due date to avoid any late fees or penalties. Our services include:
We understand your business's TDS requirements and tailor a solution to ensure smooth compliance with the Income Tax Act.
We collect all necessary data including salary statements, payments to vendors/contractors, and other relevant records to compute TDS accurately.
Our team calculates the correct TDS deductions based on applicable rates for each type of payment and ensures all details are correct.
We file TDS returns (Form 24Q, 26Q, or 27Q) on time, ensuring all payments and deductions are accurately reported to the Income Tax Department.
We generate and issue Form 16/16A for employees, contractors, and vendors, enabling them to claim their TDS credits while filing their own returns.
The deadlines for TDS returns vary depending on the type of return (quarterly or annual). Typically, quarterly TDS returns must be filed by the 15th of the month following the end of the quarter.
If you miss the deadline, penalties may be imposed by the Income Tax Department. This can include a late fee of ₹200 per day under Section 234E, in addition to any other fines or interest charges.
While it’s possible to file TDS returns on your own, it's recommended to seek professional help to ensure accurate calculations, proper documentation, and timely filing, which can help avoid penalties and legal issues.