TDS Return Filing
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    • Form 24Q Form 24Q
    •  Form 26Q Form 26Q
    •  Form 27Q Form 27Q
    •  Form 27EQ Form 27EQ
    • PAN Card of deductees PAN Card of deductees
    •  Copy of TDS Challans deposited Copy of TDS Challans deposited
    •  Nature of expense for which TDS is deducted Nature of expense for which TDS is deducted
    •  Bank Statements and Invoices Bank Statements and Invoices

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TDS Return Filing


What is TDS Return?

TDS (Tax Deducted at Source) is an indirect system of deduction of tax according to the Income Tax Act, 1961 at the point of generation of income. Tax is deducted by the payer and is remitted to the government by him on behalf of the payee.

Who is required to file TDS Return?

As per the Income Tax Act, every deductor who deducts/collects TDS/TCS is liable to file TDS/TCS return. It is mandatory to file TDS/TCS return within prescribed due dates. If return is not filed within due dates then deductor/collector will be liable to pay penalty for non-filing of return. Following deductors are required to compulsorily e-file their TDS Return:

  • All Government Offices
  • All companies
  • Every person who is required to get his accounts audited
  • Any other deductor, where number of deductees records in a return for any quarter of the financial year are 20 or more.

 

Types of TDS Returns Forms:

  • Form 24Q

It is used for preparing eTDS returns for the TDS deducted on salary under Section 192 of the Income Tax Act, 1961.

  • Form 26Q

It is to be submitted for tax deduction at source for all the payments received other than the salary. It is compulsory to furnish PAN by the deductors who are non-government deductors.

  • Form 27Q

It is applicable for payments made to non-resident Indians and foreigners other than salary. It is compulsory for non-government deductors to furnish PAN.

  • Form 27EQ

It is to be furnished by corporate deductors and collectors but not by government deductors and collectors. It is compulsory to furnish PAN by the deductors who are non-government deductors.

Documents Required:

  1. PAN Card of deductees
  2. Copy of TDS Challans deposited
  3. Nature of expense for which TDS is deducted
  4. Bank Statements and Invoices
  5. Any other detail as required