TDS Return

TDS Return

File your Regular TDS Return Starting Annually @ Rs.6000 (Professional Fee)

For one time TDS Return @ 2000/– use Coupon Code ‘LEGALQ‘ in Basic Plan for Form 26QB, 26QC and 26QD.

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  • Time: 4-6 working days
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  • 100% Online Process
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    ABOUT
    ADVANTAGES
    PROCEDURE
    REQUIREMENTS
    PRICE
    FAQs

    About

    The concept of TDS was introduced with an aim to collect tax from the very source of income. As per this concept, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government. The deductee from whose income tax has been deducted at source would be entitled to get credit of the amount so deducted on the basis of Form 26AS or TDS certificate issued by the deductor.

    Tax deducted or collected at source shall be deposited to the credit of the Central Government by following modes:
    1) Electronic mode: E-Payment is mandatory for
    a) All corporate assesses; and
    b) All assesses (other than company) to whom provisions of section 44AB of the Income Tax Act, 1961 are applicable.
    2) Physical Mode: By furnishing the Challan 281 in the authorized bank branch.

    File any TDS mentioned below @ 2000/- only, use Coupon Code LEGALQ in Basic Plan.

    1. Payment of TDS on Sale of Property ( Form 26QB )
    2. TDS on Rent of Property (Form 26QC)
    3. TDS on Payment to Resident Contractors and Professionals (Form 26QD)

     

    ADVANTAGES

    Lifetime Validity

    The TAN number registered with the Government of India, is valid for lifetime. The taxpayer doesn’t need to renew the TAN number every year and can be used to file TDS return

    Lesser Burden of Paying Tax

    Under TDS, there is no burden of paying taxes at a lump-sum amount. The taxes are deducted from source and reported quarterly. This makes the payment of taxes hassle-free and smooth.

    Convenience

    TDS is a convenient method of tax payment because the taxes are automatically deducted. There is no long and time-consuming procedure for the deduction of taxes. The same is reflected in the Form 26AS provided which has details of all the TDS that is deducted.

    Source Of Revenue

    TDS is a source of income for the government of India. As it is levied and is deducted mandatorily, the government earns regular revenue from TDS.

    PROCEDURE

    STEP 1

    Ascertain the Requirements

    STEP 2

    Pay the required fees

    STEP 3

    Submission of TDS Return

    STEP 4

    Get acknowledgement of TDS return

    REQUIREMENTS

    Documents

    TAN (Tax Deduction Account Number)

    Documents

    PAN (Permanent Account Number)

    Documents

    Transaction details (Party Name, Party PAN, Date of Payment, Section of Payment, Rate of Tax Deduction,
    Certificates (if any)

    Documents

    Payment Details (Challan Number, Challan Date, Challan BSR Code, Challan Amount)

    PRICE

    BASIC

    Rs.6000

    Form 26Q for upto 25 Entries per Quarter

    or/and

    24Q for upto 6 Employees

     

    (Excluding GST)

    ₹6,000.00Add to cart

    STANDARD

    Rs.10000

    Form 26Q for upto 50 Entries per Quarter

    or/and

    24Q for upto 12 Employees

     

    (Excluding GST)

    ₹10,000.00Add to cart

    PREMIUM

    Rs. 20000

    Form 26Q for upto 200 Entries per Quarter

    or/and

    24Q for upto 30 Employees

     

    (Excluding GST)

    ₹20,000.00Add to cart

    FAQs

    1. What is the full form of TDS?

    TDS stands for tax deducted at source.

    2. What is the use of TDS challan?

    TDS challan is mainly used for depositing the tax deducted at source (TDS) with the government.

    3. Is TDS required to be paid only by salaried individuals?

    Any individual with annual income of over Rs.2.5 lakh will have to pay taxes. Hence TDS is required not only to be paid by salaried people but self-employed individuals as well.

    4. Is PAN required for payment of TDS?

    Yes, the details of your PAN are necessary for the payment of TDS.

    5. Who is required to file TDS returns?

    TDS return can be filed by employers or organizations who avail a valid Tax Collection and Deduction Account Number (TAN). Any person making specified payments mentioned under the I-T Act are required to deduct tax at source and needs to deposit within the stipulated time for the following payments : Payment of Salary.

    6. What is tax deducted at source?

    For quick and efficient collection of taxes, the Income-tax Law has incorporated a system of deduction of tax at the point of generation of income. This system is called as “Tax Deducted at Source”, commonly known as TDS. Under this system tax is deducted at the origin of the income. Tax is deducted by the payer and is remitted to the Government by the payer on behalf of the payee.

    The provisions of deduction of tax at source are applicable to several payments such as salary, interest, commission, brokerage, professional fees, royalty, contract payments, etc. In respect of payments to which the TDS provisions apply, the payer has to deduct tax at source on the payments made by him and he has to deposit the tax deducted by him to the credit of the Government.

    7. What is the penalty if an employer fails to submit the returns within the due date?

    A penalty between Rs.10,000 and Rs.1 lakh under Section 271H will be levied.

    8. What is the penalty for a company that fails to deduct TDS on time?

    Under Section 201A, the interest of 1% p.m. will be charged from the deduction date to the date on which the TDS was deducted.