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TDS Return Filing

TDS Return - An Overview

Tax deducted at source or TDS is the tax that is collected by the Government of India at the time when the transaction takes place between parties. The TDS on transaction is to be deducted at the time the money is credited to the payee’s account or at the time of payment whichever is earlier.

The person who deducts TDS is called deductor and the person whose tax is deducted is called deductee. The deductor is responsible for depositing the amount with the Income tax department. A portion of the tax is directly paid to the Income Tax Department through TDS.

The deductor has to file TDS return after depositing the tax to the government. TDS return is a quarterly statement that is to filed and submitted to Income Tax Department. Once the TDS Returns are submitted, the details will start reflecting in Form 26 AS. It is mandatory to submit the TDS return on time. The deductee can claim the benefit of the tax deducted while ITR filing, only if the deductor has filed the return on time.

File Your TDS now

Process to file TDS

Add Deductor
Add & Verify Challan Payments
Add Deductees /Employees
Match Challan with Deductees
Verify Return & Generate FVU

Documents Required for TDS Return Filing


Tax Account Number of Deductor

Tax Paid Receipt

Recept of the tax paid to Government

TDS Deduction

Provide details of the Tax deducted

Supplier Details

Detals of all the inward and outward supplies

Types of Return & Quarterly due dates

Form 24Q

TDS to be paid on Salary of the taxpayer. Must for employees.

Quarter 1
April - June
July 31

Form 27Q

TDS where deductee is a non-resident, foreign company

Quarter 2
July - September
October 31

Form 26QB

TDS on payment for transfer of certain immovable property

Quarter 3
October - December
January 31

Form 26Q

TDS to be filed in other cases. 

Quarter 4
January - March
May 31

General Queries

Who is required to file TDS Return?

The person who is making payment to someone for specified goods or services is required to deduct TDS and file TDS return. The payment includes salary, commission, interest, brokerage, professional fees, royalty, interest, contract payments etc.

TDS is not required to be deducted by Individuals and HUF expect for those whose accounts are required to be audited U/S 44AB i.e. whose gross receipts in preceding FY in case of business exceeds Rs. 1 Cr and in case of profession exceeds Rs. 50 lakhs.

What is TAN?

TAN abbreviated as Tax Deduction Account number is a 10 digit alphanumeric number required by a person liable to deduct TDS and file TDS return. Application for acquiring TAN is to be made on Form 49B within 1 month of TDS deduction. Person who fails to apply for TAN may be penalized up to Rs. 10,000/-.

What are the different types of forms?

Types of TDS forms are as follows:

  • Form 24Q - TDS on salaries
  • Form 26 Q - TDS on payment other than salaries
  • Form 27Q – TDS on payment made to non-Residents
  • Form 27EQ – TCS
Is PAN mandatory for deductors and employees?

It is mandatory to quote PAN of all the deductees.

How to deposit TDS to central Government?

It is deposited in both the modes i.e online and offline. Payment can be made online on NSDL by selecting challan 281 through net banking. TDS payments are required to be made before filing TDS return.

E-payment is mandatory for all the the Corporate Assesses & non-corporate Assesses who are liable for audit U/s 44AB.

Physical payment can be made using challan 281 in authorized bank branch.

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