Details

TDS (Tax Deducted at Source) return filing is a mandatory compliance requirement for businesses and individuals who deduct tax at the source while making payments such as salaries, interest, commission, rent, or professional fees. eFiling Guru offers accurate and timely TDS Return Filing Services, ensuring that your deductions are properly accounted for and filed as per statutory requirements.

Why Opt for TDS Return Filing?

Filing TDS returns is essential to comply with the provisions of the Income Tax Act. It helps in maintaining transparent records of tax deductions and avoids penalties for non-compliance. Moreover, timely filing of TDS returns ensures that deductees can avail of TDS credits while filing their income tax returns.

Key Benefits of TDS Return Filing

1. Legal Compliance: Avoid hefty penalties for non-filing or late filing.

2. Claim TDS Credits: Enables deductees to claim TDS credit in their income tax returns.

3. Transparent Tax Records: Maintain proper records of tax deductions and remittances.

4. Seamless Refunds: Smooth refund process for excess tax deducted.

5. Avoid Interest and Late Fees: Filing on time helps avoid interest and late fees under the Income Tax Act.

Eligibility for TDS Return Filing

• Employers: Deducting TDS on salaries.

• Businesses: Deducting TDS on rent, professional fees, contract payments, etc.

• Banks and Financial Institutions: Deducting TDS on interest payments.

• Individuals and HUFs: If required to deduct TDS on specified payments.

Post-Registration Compliance

• Quarterly Filing: TDS returns need to be filed quarterly as per the due dates.

• Challan and Statement: Regular submission of TDS challan and statement.

• Form 16/16A Generation: Issuing TDS certificates to deductees.

• Correction Filing: In case of errors in filed returns, timely correction is essential.

Our TDS Return Filing Process

1. Data Collection: Gather details of payments made and TDS deducted.

2. Computation: Calculate the amount of TDS and generate the challan.

3. Return Preparation: Prepare the return in the required format (Form 24Q, 26Q, etc.).

4. Filing Returns: Submit the TDS return on the income tax portal.

5. Post-Filing Support: Assistance with corrections and issuing TDS certificates.

With eFiling Guru, ensure accurate and timely filing of your TDS returns to stay compliant with tax regulations. Get in touch with us today for professional TDS return filing services.