TDS is a means of collecting income tax in India, under which a certain percentage is deducted at the time of making specific payments such as salary, interest, rent, commission, etc., and deposited with the government.
Income Tax - TDS Returns & Compliance
Service Overview
Income Tax - TDS Returns & Compliance
i. TDS computation and deductions
ii. TDS return filing (Form 24Q, 26Q, etc.)
iii. Compliance with notices from tax authorities
We offer end-to-end TDS compliance services, including accurate computation and timely deduction of TDS, as well as filing of returns such as Form 24Q, 26Q, and others. Our team ensures complete adherence to regulatory requirements and provides expert assistance in responding to notices from tax authorities. We also offer advisory services to resolve old outstanding TDS demands efficiently and with minimal hassle.
Frequently Asked Question
-
1. What is TDS (Tax Deducted at Source)?
-
2. Who is liable to deduct TDS?Any individual, HUF, or organization making specified payments (above threshold limits) is required to deduct TDS as per the applicable rates. Generally, businesses and employers are responsible for deducting TDS.
-
3. What are TDS Returns?TDS Returns are quarterly statements submitted by deductors to the Income Tax Department. These returns contain details of TDS deducted and deposited and must be filed within specified due dates.
-
4. What are the types of TDS returns?The common TDS returns include:
Form 24Q – TDS on salaries
Form 26Q – TDS on all payments other than salaries to residents
Form 27Q – TDS on payments to non-residents
Form 27EQ – TCS (Tax Collected at Source) -
5. What is the due date for filing TDS returns?TDS returns are due quarterly:
Q1 (Apr–Jun): 31st July
Q2 (Jul–Sep): 31st October
Q3 (Oct–Dec): 31st January
Q4 (Jan–Mar): 31st May