File TDS Return

TDS return filing is mandatorily required every quarter by all persons and entities who have deducted tax at source. SubmitReturn can help
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TDS Return Filing and TDS Due Date

TAN or Tax Deduction and Collection Number (TAN) is mandatory 10 digit alpha number required to be obtained by all persons who are responsible for Tax Deduction at Source (TDS) or Tax Collection at Source (TCS) on behalf of the Government. Tax deducted at source (TDS) ensures that the Government’s collection of tax is proponed and the responsibility for paying tax is diversified. The person deducting the tax at source is required to deposit the tax deducted to the credit of Central Government – quoting the TAN number. Individuals who are salaried are not required to obtain TAN or deduct tax at source. However, a proprietorship business and other entities (i.e., Private Limited Company, LLP, etc.,) must deduct tax at source while making certain payment like salary, payments to contractor or sub-contractors, payment of rent exceeding Rs.1,80,000 per year, etc.

Those entities have TAN Registration must then file TDS returns. TDS returns are due quarterly. IndiaFilings can help you file e file your TDS returns online. Our TDS experts can help you compute your TDS payments and e file the TDS return and keep you in compliance with TDS regulations. Use ReminDue to know more about your due dates for TDS return filing due date and TDS payment due date.


Due Dates

Next Tds Return is Due on

Next TDS Payment is Due on

30 April 2017

07 March 2017

Documents Required for TDS Returns

  • 1 Copy of TDS Challans Deposited
  • 2 PAN of Deductees
  • 3 Amount of TDS Deducted and date of deduction
  • 4 Exemption Certificates if TDS is not deducted on any payments
  • 5 Nature of expense for which TDS is deducted
  • 6 Bank Statements and Invoices as supporting to check payments (Optional)

TAN HIGHLIGHTS

TAN - Tax deduction Account Number

PAN is a 10 character alpha-numeric code issued by the Income Tax Department for persons responsible for deducting or collecting tax at source. All most all for-profit entities and not-for-profit entities are required to obtain TAN.

Proprietorship Require TAN

Salaried individuals are not required to deduct tax at source. However, individuals running a proprietorship are required to obtain TAN and deduct tax at source when required.

Validity

Once a TAN is issued, it is valid for lifetime. However, TDS Filings must be made quarterly on the 15th day of July, October, January and May. Non-filing of TDS filings within the due date will attract a penalty.

TDS Payments

Tax Deducted at Source must be paid into authorized bank, quoting the TAN and using Challan 281. TDS during the preceding month must be paid before the 7th day of the following month.

Quick Processing

TAN can be obtained in 5-10 working days from the time of submission of application with the required documents. The application must be submitted in hard format along with self-attested copy of address and identity proof of the applicant.

Person required to file ETDS Return Filing due Dates

Following person are liable to file ETDS/ETCS return.

1. All Government department/office or

2. All companies.

3. All person required to get his accounts audited under section 44AB in the immediately preceding financial year; or

4 The number of deduces’ records in a quarterly statement for any quarter of the immediately preceding financial year is equal to or more than fifty,

Frequently Asked Questions

What is TDS?

TDS means Tax Deducted at Source. It is the amount deducted from payments of various kinds such as salary, contract payment, commission etc. This deducted amount can be adjusted against the tax due of the deductee.

What is annual TDS Return?

Annual TDS return is the TDS return which is prepared in electronic media as per prescribed file format. Such returns furnished in a CD/Pen Drive should be accompanied by a signed verification in Form No. 27A.

Who is required to file TDS return?

It is the duty of the person who is making payment to someone for specified goods or services to deduct TDS and file TDS return. The specified payment includes salary, interest, commission, brokerage, professional fees, royalty, contract payments, etc. The person who deducts TDS is called deductor and the person whose tax is being deducted is called deductee.

TDS is not required to be deducted by individuals and HUF except for those whose accounts are required to audited u/s 44AB i.e. whose gross receipts in preceding financial year in case of business is more than 2 crore(AY 2017-2018), 1 crore ( AY 2016-2017) and in case of profession 50 lakhs( AY 2017-2018) , 25 lakhs(AY 2016-2017).

What is TAN and is it required to file TDS return?

TAN is an alphanumeric 10 digit number required by a person who is liable to deduct TDS and file TDS return. Thus such person must make an application within a month in which TDS was deducted for allotment of Tax Deduction and Collection Number (TAN) in form 49B. This number allotted is mandatory to mention in all TDS Certificates issued, returns, challans etc. If a person fails to apply for TAN he may be penalised upto Rs. 10,000/-.

What are different types of TDS forms?

Different types of TDS forms are as follows:-

  • Form 24Q -TDS on Salaries
  • Form 26Q- TDS on payments other than Salaries
  • Form 27Q- TDS on payments to Non-Residents
  • Form 27EQ – TCS
Is PAN mandatory for deductors and employees/deductees?

PAN of the deductors has to be given by non-Government deductors. It is essential to quote PAN of all deductees.

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