TDS Return Filing Services: Accurate & Timely Compliance

TDS (Tax Deducted at Source) is a critical aspect of Indian taxation that ensures tax collection at the point of income generation. Filing TDS returns is a mandatory requirement for entities deducting tax on specified payments such as salaries, professional fees, and interest. At Deo & Associates as Leading CA Firm in Gurgaon, we provide seamless TDS return filing services, ensuring your compliance with tax regulations and helping you avoid penalties.

What is TDS Return Filing?

TDS return filing is the process of submitting a statement to the Income Tax Department that includes details of tax deducted and deposited. It is a legal obligation for individuals, businesses, and organizations that deduct TDS to file their returns quarterly. Deo & Associates, CA Firm in Noida, we are providing TDS Return Filing Services to Corporates for proper preparation of books of accounts and finalization.

Proper filing of TDS returns ensures the deducted amount is reflected in the payee’s account, allowing them to claim credit while filing their income tax returns.

Who Needs to File TDS Returns?

TDS return filing is mandatory for:

1. Employers deducting tax from employees' salaries.

2. Businesses deducting TDS on payments like:

   • Professional or consultancy fees.

   • Rent, commission, or brokerage.

   • Contract payments.

   • Interest or dividends.

3. Entities making foreign remittances subject to TDS.

Our TDS Return Filing Services

1. TDS Calculation & Deduction:

   • Accurate computation of TDS for different payment categories.

2. Preparation of TDS Statements:

   • Collating and verifying all required data for the return.

3. Filing TDS Returns:

   • Submission of returns to the Income Tax Department within stipulated timelines.

4. Error Rectification:

   • Rectification of errors, if any, in filed returns to avoid notices or penalties.

5. Compliance Support:

   • Assistance with generating Form 16/16A for payees.

   • Advisory on TDS rates and applicability.

Documents Required for TDS Return Filing

To ensure accurate filing, you’ll need:

1. PAN and TAN of the deductor.

2. Details of deductees, including their PAN.

3. Amount paid/credited and tax deducted.

4. TDS challan details (if applicable).

Why Choose Deo & Associates for TDS Return Filing?

• Expertise in Tax Compliance: Our experienced team ensures accurate calculations and timely filings.

• Error-Free Filing: Minimize the risk of notices and penalties through meticulous checks.

• Cost-Effective Solutions: Affordable pricing tailored to suit businesses of all sizes.

• Timely Reminders: Stay ahead with reminders for due dates to avoid delays.

• End-to-End Support: From TDS deduction to return filing and compliance management.

Consequences of Non-Compliance

Failing to file TDS returns on time or providing incorrect details can lead to:

• Penalties: ₹200 per day until the return is filed (subject to maximum tax deducted).

• Interest on Late Deposit: 1%-1.5% per month on the amount not deposited.

• Prosecution: In extreme cases of non-compliance.

TDS Return Filing Deadlines

The due dates for filing TDS returns are:

Quarter Period                   Due Date

Q1April – June                    31st July

Q2July – September           31st October

Q3October – December    31st January

Q4January – March             31st May

Get Started with TDS Filing Today!

Stay compliant and stress-free with Deo & Associates by your side. Let our experts handle your TDS return filing so you can focus on growing your business. Being amount the top ca firm in gurgaon, top ca firm in Noida, top ca firm in Delhi and top ca firm in Ghaziabad, we are ready to help you at every stage of business reporting and compliance.

Contact us now for a free consultation and ensure your TDS compliance is in safe hands!