TDS Return Filing

We can help you file TDS returns of your business in a hassle free manner while you sit at your place with just a few clicks of a mouse.

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TYPES OF TDS RETURNS

Form 24Q

This form is to be filled in respect to a tax deduction on payment of employee salary. This return is to be filed by all the employers in India.

Form 26Q

This form is to be filled in respect to tax deductions on transactions other than payment of salary, such as on rent, professional fees, interests, dividends, payment to contractors etc.

Form 26QB

The purpose of this form filing TDS Returns with regard to a deduction on income from the sale of immovable property in India.

 

Form 27Q

The purpose of filing of this type of return is to furnish details of the transactions in respect to the foreign payments made.

 

Form 27EQ

TCS Return is filed with respect to the tax collection at source on transactions such as sale of liquor, tendu leaves, scrap sales, timber, etc.

 

Form 27D

This type of form is filled for obtaining the certificate of Tax Collected at Source or the TCS. This certificate of TCS validates the return filed in Form 27EQ.

 

WHY SHOULD YOU TIMELY FILE YOUR TDS RETURNS?

To avoid the penalty: No doubt, late filing of the TDS/TCS return would attract a heavy penalty of INR 200 per day till default continues.

To prevent additional penalty: Besides the minimum penalty of INR 200, the tax deductor would also be liable for the additional penalty for failure to file TDS return within one year from the particular date. This ranges from INR 10,000 to INR 1 lakh.

To facilitate reconciliation of the ITR: The main purpose of the filing of TDS return is reconciling of the income actually earned with income declared in the income tax return.

To avoid cancellation of the expenditure: If the person supposed to file the TDS return fails to do so on time, then the assessing officer may opt for nullifying the impact of expenditure on which the TDS was required to be deducted but not deducted. Hence liable for incremental tax incidence.

Facilitating filling of Form 26AS: Form 26AS is annual consolidated tax statement that specifies the details of the taxes deducted during the year. Anyone can claim TDS credit only if entries is visible in form 26AS. If you deduct the TDS of a person and not file TDS return, such person may rush to you for the same at last moment.

PROCESS OF TDS RETURN FILING

Upload the Required details and documents for filing TDS return on our web portal.

Choose the appropriate Package and Pay online with various payments modes available.

On placing the order, your application will be assigned to one of our dedicated professionals.

Our professional team will prepare TDS return and provide you the statement for approval.

Once approved, our professional will file TDS return online.

An Acknowledgement Receipt of TDS return shall be provided to you over the email.

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Details of deductee

Plans And Packages

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Rs.5499

Plus taxes

Standard

Rs. 7499

Plus taxes

Premium

Rs. 11499

Plus taxes

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Frequently Asked Questions

READ ALL FREQUENTLY ASKED QUESTIONS

Q. What is the objective of TDS return filing?

The main purpose of the filing of TDS return is to reconcile or balance the amount paid in the form of income tax as per the details in the Income Tax Returns.

 

Q. What if the TDS return is not filed timely?

If an individual is supposed to file the  TDS return but failed to do so on time, then the assessing officer may cancel all his expenditure, including the salary payments, on which the TDS was to be deducted.

 

Q. What is the penalty for non-filing of TDS return?

The penalty for late filing of TDS return is INR 200 per day. 

 

Q. Is there any additional penalty for non-filing of TDS return?

Yes. apart from the basic penalty of INR 200 per day, there is an additional penalty for non-filing of TDS return within one year from the particular date, which can vary from INR 10,000 to 1 lakh.

 

Q. What is the threshold limit for TDS return filing?

There is no threshold limit as such referred under the Income Tax Act, and TDS is to be deducted from the whole amount of expense.

 

Q. When is TDS deducted?

TDS needs to be deducted while the amount of expenses is to be credited or paid to the payee, whatsoever is earlier.

 

Q. What are the due dates for TDS return filing?

The due dates for Form 24Q, 26Q and 27Q is the Last date of the next month after every quarter end.

However, the due date for Form 27EQ (for TCS) is 15th the next month after every quarter end.

 

Q. Will you provide this service in my town?

Yes, Incorpadvisor is an online platform serving all over India no matters wherever you are doing business all you need is internet connection on your mobile or desktop and we are ready to get your job done.

 

Q. Do I need to physically present for the process?

No, You don’t need to be physically present for the process, Incorpadvisor is an online catering platform all you need is an internet connection  in your phone/computer and the required documents with you and we can get the job done no matters even if you are present at the remotest location of India

Still have questions?

I you can’t find answers to your questions in our FAQ section, you can always contact us. We will get back to you shortly.

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