TDS Return Filing
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TDS Return Filing
Simplify compliance with online TDS return filing assisted by our experts
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What is TDS Refund Filing?
An employer or company that has valid TAN (Tax Collection and Deduction Account Number) can file for online TDS return. Any individual or business who makes a payment which under the I-T Act needs to deduct tax at source has to file a return for the such transaction showing deduction of such tax. Some of the categories where tax is deducted at source are insurance commission, salaries, payment to professionals etc. The facility for filing e-TDS is also available. It is the obligation of the assessee to file within the due date or be liable to pay a penalty for delay.
Types of TDS Return and their quarterly due dates
Depends on type of deductee or nature of income
Form 24Q
TDS on Salary
Quarter
1
April - June
July 31
Form 27Q
TDS where deductee is a non-resident, foreign company
Quarter 2
July - Sept
October 31
Form 26QB
TDS on payment for transfer of certain immovable property
Quarter 3
Oct-Dec
January 31
Form 26Q
TDS in other case
Quarter 4
Jan-Mar
May 31
Types of TDS Return and their quarterly due dates
Depends on type of deductee or nature of income
Form 24Q
TDS on Salary
Form 27Q
TDS where deductee is a non-resident, foreign company
Form 26QB
TDS on payment for transfer of certain immovable property
Form 26Q
TDS in other case
Quarter 1
April - June
July 31
Quarter 2
July - Sept
October 31
Quarter 3
Oct-Dec
January 31
Quarter 4
Jan-Mar
May 31
Benefits of TDS Return FIling
Documents required for TDS Return Filing
How will we help?
Frequently Asked Questions
All you need to know before applying for TDS Refund Filing:
Any assessee deducting tax from a source must file the TDS return. Unless one has deducted tax, a requirement to file TDS return does not arise.
As the name says, TDS is collected on source of income and therefore the frequency of collection is as frequent as the transactions are. This makes track of deduction difficult. Therefore, a certificate on the letterhead of the deductor is issued to deductee for the TDS payment. Individuals are advised to request for TDS certificate wherever applicable, if not already provided.
The taxpayer failed to file TDS return before due date has to pay ₹ 200 per day of delay in filing as an additional fee. Apart from an additional fee, the penalty can be levied u/s 271H of Income Tax Act. The minimum penalty prescribed is ₹ 10,000 which may extend to One Lakh Rupees.
Tax Deducted at Source (TDS) must be deposited through banks using Challan 281 quoting the TAN number of the entity. The deadline for payment of TDS is the 7th day of each month.
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