For Instant Assistance ✆ 8882637878

TDS Service

TDS-( Tax Deducted at Source )

The Indian government employs Tax Deducted at Source (TDS) to gather taxes directly from income sources. It guarantees that Tax is charged from specific payments like salaries, rent, professional fees, and interest.

So, what are TDS returns are documents filed to report these deductions, ensuring they are correctly accounted for and submitted to the government. Knowing how TDS returns work is essential for businesses and individuals to follow tax rules accurately and avoid penalties.

tds-sub01

Types of TDS returns

  • Form 24Q: To make a tax deduction from employee salaries.
  • Form 26Q: For taxes on rent, professional fees, interests, dividends, and payments to contractors.
  • Form 26QB: For TDS Returns on income from selling immovable property.
  • Form 27Q: Provides details of transactions for payments made to foreign entities.
  • Form 27EQ: Filed for collecting taxes at the source on transactions such as the sale of liquor, tendu leaves, scrap sales, and timber.

Importance of timely TDS Returns filing

Be sure to file the TDS return on time or 200 per day, which will be fined and added as acceptable. If not paid in the year, it can adequately exceed INR 10,000 to INR 1 lakh to avoid canceling certain expenses. Form 26AS is essential for claiming TDS credits, so fill it out correctly.

Process of TDS return filing

  1. Speak to a Live Professional on the Helpline for a smooth process.
  2. Upload the required details and documents on our web portal.
  3. Choose the appropriate package and pay online.
  4. Your application will then get assigned to one of our professionals.
  5. Our team will prepare the TDS return for your approval.
  6. Once approved, we will file the TDS return online.
  7. You will receive an acknowledgement receipt of the TDS return via email.

Documents required for TDS return filing

  1. Details of deductee.
  2. TAN (Tax Deduction and Collection Account Number).

Conclusion

I hope you have all the required information on TDS return filing. Timely TDS return filing is vital to avoid penalties, and understanding different TDS forms like Form 24Q and Form 26QB is crucial. Compliance can be simplified by following a structured process and providing necessary documents.

Customer reviews

Our customers speak for themselves – check out their reviews!

Vivek Sharma

"From tax planning to financial statement preparation, Get Bookkeeping Services delivered exceptional quality and timeliness. Their proactive approach saved us from potential issues. Truly appreciated!"

Rohit Aggrawal

Perfect Accounting provides Bombardier, Aviation (India) a wide gamut of financial services including taxation and audit services. We are highly pleased on their timely and quality services since last 9 years. Perfect Accounting is very proactive on their multiple deliveries and addressing our queries on time since years.

Shivani Singh

"Get Bookkeeping Services simplified our accounting processes, reducing stress and increasing productivity. Their professionals demonstrated exceptional knowledge and responsiveness. We highly recommend their services!"

Suchit Khana

"We've been working with Get Bookkeeping Services for [X] years, and their expertise has transformed our financial management. Their team provided personalized attention, identified cost-saving opportunities, and ensured compliance. Outstanding service!"

FAQs

We have had a presence in Noida for the last 12 years. Moreover, all the liaisoning of GST and Income Tax of the Noida Department is done by our Senior partners to enable you to solve your every problem.

We work with our clients to streamline their startups according to their size and planning – Which is crucial to success in a highly competitive market where every day counts. Do call us to know the suitable structure for you

Depending on the formation structure you have chosen for your business it can be from zero days to 15 days, when you can start your operating activities.