Services
What is TDS Return?
Best convenient TDS return filing services and have years of expertise to help you deal with the current rules and regulations that have come into practice when filing returns.
Paying taxes is the duty of most citizens. Over the years, policy changes and new governments have come to power, and the change in tax slabs make it difficult for the taxpayer to keep up with the changes incorporated. Filing taxes and TDS Return Filing require several procedures.
Paying taxes is the duty of most citizens. Over the years, policy changes and new governments have come to power, and the change in tax slabs make it difficult for the taxpayer to keep up with the changes incorporated. Filing taxes and TDS Return Filing require several procedures.
However, taxing has become complicated over time, and you will need to get a tax consultant’s help for this matter. You can now avail of the best convenient TDS return filing services and have years of expertise to help you deal with the current rules and regulations that have come into practice when filing returns.
TDS – Your taxes get deducted at the source of your income. The deduction occurs when the money gets credited to the payee’s account or at the time of payment. Whichever is earlier. This rule applies to transactions. However, the deduction requirement for salaries and insurance policies at the time of payment itself; is usually 10% in the range of deduction.
Frequently Asked Questions?
- Organizations/employers having a valid TAN number. They need to deduct the tax at the source and deposit within the stipulated time as per the Income-tax act.
- Those who are receiving salary payments.
- When you receive income on securities.
- Money earned through lotteries, puzzles, etc.
- Money won in horseraces.
- Commissions received through insurance.
- The payment got from National Savings Scheme and others.
Here is TDS return filing due date for fy 2022-23:
- First quarter- 1st April to 30th June- last date 31st July.
- Second quarter- 1st July to 30th September – last date 31st October.
- Third quarter- 1st October to 31st December- last date 31st January.
- Fourth quarter- 1st January to 31st March – last date 31st May.
Here is process of TDS return filing and mention how to file tds return online
- If filling out form 27 A online, mention all the details required in the columns provided. If you happen to fill out the hard copy, a verified -ETDS returns filed electronically.
- The accurate mention of the amount of tax deducted at the source and the total amount paid.
- The accurate mention of TAN of the said organization and incorrect numbers can create verification issues.
- The accuracy of the TDS Challan number is important. Mentioning the mode of payment and other tax details required for authentication. Any mismatch, the taxpayer must file for TDS again.
- The basic form filled out in e-TDS using a 7-digit BSR code would help maintain consistency.
- If the taxpayer is submitting the hard copy, it needs should mention TIN FC, which NSDL handles the process.
- After verifying the taxpayer’s details, a token number and provisional receipt are provided to acknowledge returns filed.
- Suppose the filing gets rejected for some reason. The reason gets mentioned in the memo for non-acceptance, The taxpayer has to file TDS returns once again.