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TDS Return Filing

TDS or Tax Deducted at Source refers to the tax deducted by the payer from the payment made to the payee. TDS return filing is the process of filing a statement with the Income Tax Department, which contains details of TDS deducted and deposited by the deductor. TDS return filing is mandatory for all entities who have deducted TDS and is to be filed quarterly.

The TDS return filing process involves the collation of TDS details from different deductors and verifying them with Form 26AS, which is a consolidated tax statement. The TDS return is then filed using the government’s online portal. The due dates for filing TDS returns are the 31st of July, October, January, and May, respectively. Filing TDS returns on time ensures that taxpayers avoid penalties and interest charges imposed by the Income Tax Department.

At our firm, we provide end-to-end TDS return filing services to our clients, ensuring that they are compliant with TDS regulations and avoid any potential penalties or interest charges.

Choose us

Why Should You Choose Qualified Munim Group?

  • Expertise: With over 10 years of experience, Qualified Munim Group has a team of experts who provide a wide range of services to startups and businesses.
  • Cost-effective solutions: We offer our services at affordable rates to ensure that every entrepreneur and business owner can benefit from our expertise.
  • Timely service delivery: Our team ensures timely delivery of services without compromising on quality.
  • Client-centric approach: We prioritize our clients’ needs and requirements and offer personalized solutions to cater to their unique business needs.
  • Simplified processes: We strive to simplify complex processes such as taxation, compliance, and registration to make it easier for our clients to focus on their core business activities.
  • Technology-driven solutions: We leverage technology to provide efficient and innovative solutions to our clients, ensuring that they stay ahead in the competition.
  • Trusted partner: Our clients trust us as their partner in growth, and we ensure that we provide them with the best possible support and guidance to achieve their business goals.
  • Dedicated Relationship Manager and On-call Support
  • Avail exclusive partner offers on web hosting, payment gateways, etc.
the process

Process of TDS Return Filing

Step 1

Collect TDS details

  • The first step is to collect all the TDS details such as TDS certificates, challans, and other relevant documents.

Step 2

Verify the details

  • Once you have collected all the TDS details, you need to verify them to ensure that they are accurate and match with the actual payments made.

Step 3

Prepare the return

  • After verifying the details, prepare the TDS return in the required format and add all the necessary information, including PAN, TAN, and the amount of TDS deducted.

Step 4

Submit the return

  • After preparing the TDS return, submit it to the relevant authority within the due dates.

Step 5

Receive the acknowledgement 

  • After submitting the return, you will receive an acknowledgement from the authority confirming the successful submission of the TDS return.

Step 6

Make corrections if required 

  • If there are any discrepancies or errors in the TDS return, make the necessary corrections and resubmit the return.

Step 7

Payment of TDS liabilities

  • Once the TDS return is filed, pay the TDS liabilities (if any) within the due date to avoid any interest or penalty.

Step 8

Receive TDS certificate

  • After paying the TDS liabilities, you will receive a TDS certificate from the deductor as proof of tax deducted at source.
DOCUMENTS CHECKLIST

Documents Required for TDS Return Filing

01

TDS Challans

TDS Challans - Proof of tax payment

02

PAN Card

Permanent Account Number of deductee

03

TAN Card

Tax Deduction and Collection Account Number

04

Salary Details

Salary Details - For TDS on salary

05

Rent Details

Rent Details - For TDS on rent

06

Professional Fee Details

For TDS on professional fees

07

TDS Deduction Certificate

Certificate Given by deductee

08

Interest Details

Interest Details - For TDS on interest

Benefits

Benefits of TDS Return Filing

Avoid Penalties

Filing TDS returns on time can help you avoid penalties and interest charges levied by the Income Tax Department.

Easy Compliance

Filing TDS returns regularly can help you maintain easy compliance with tax laws and avoid any legal issues.

Accurate Accounting

TDS return filing helps businesses maintain accurate accounting of all transactions and ensures that tax deductions are properly recorded.

Credit for Tax Deducted

TDS return filing helps taxpayers claim credit for the tax deducted at source, which can be used to offset tax liability. This reduces the tax burden on taxpayers and helps them save money.