Easiest Way To TDS Return

Legaltaxpert makes it easy for you to file TDS returns:

  • Experts will manage your online TDS return filing
  • Our experts will guide you on rates, provisions of deduction, and all related information to TDS.
  • Experts will make sure you never miss due dates and comply with provisions of TDS on time.

TDS Filing: Eligibility, Filing Process, Due Dates, Revised TDS Return, TDS refund

Any individual or business entity that deducts the TDS, must file the TDS return. It is filled with every quarter of the Government. The purpose of the TDS return is to inform the deductor about the TDS deduction. One can file the TDS return through an online portal. TDS refund is the only ID compliance of filing the TDS. Consult a Chartered Accountant to make sure that you are complying with TDS in the right manner as per the TDS law.

TDS Provision compliance

With every TDS, you receive a challan receipt and it is required while compiling the TDS returns. You have to give all the required details while filing a TDS return. It is compulsory to file TDS every quarter. TDS return is handled by the government. All the TDS returns should be done within the specific guidelines or else a penalty will be imposed on the taxpayer. Non-compliance of TDS is observed by the authorities and the objective is to monitor the TDS payment status and compliance as per the TDS law. You can't fill the TDS return if the TDS payment is not done. A taxpayer can claim the TDs refund by filing the ITR, only when the tax computation shows the excess of tax has been deducted. Consult a professional regarding the compliance of the TDS.

How to know if TDS deducted has been deposited after deduction?

You can check the form 26AS on the official website of Income Tax India, to check whether the TDS is deducted.

Who Should Pay TDS?

When an individual fails to file Income Tax Return, such payments exceed the payment limit according to the Income Tax act, then the taxpayer has to deduct tax before making payments; such a deduction is called TDS.overall a person who is making the payment is collecting tax on the behalf of the Government. Every party who deducts the TDS must fill the TDS return online

Individuals whose tax has been deducted already can claim this TDS. TDS refund is done for the financial year for which the TDS is deducted.

Types of TDS Return Forms

Types of TDS Return Forms
TDS Return Form 26QB
TDS Return Form 27Q
TDS Return Form 26Q

Documents Required for filing e-TDS Return

  • PAN card
  • File TDS ReturnTDS certificates (if TDS has been deducted by other)
  • Payment details like TDS challan date, number, bsr code and tds challan amount
  • In response to a notice received from the Department of Income Tax – You need the details of Original return/details of notice.

Frequently Asked Questions

What is TDS return filing?

Tax deducted at source is the process of reducing tax evasion by making it compulsory to deduct the TDS from the payment at defined rates.

What are the types of TDS return forms?

24Q, 26Q, 27Q, 27 EQ, and 27D are all the income tax return forms to declare the Tax Deducted Source.

How do I upload the TDS return filing statement?

Go to the official website of the Income Tax and log in all the required credentials. After login “Upload TDS" on the TDS menu.

Can I file a TDS return myself?

Yes, you can file TDS return yourself through the official Income Tax e-filing portal. One must submit the TDS return on time.