TDS Return
TDS Return Filing in India | TDS Return Status | TDS Refund
TDS Filing: Eligibility, Process, Due Dates, Revised TDS Returns, and TDS Refunds
In India, any person or business that deducts Tax Deducted at Source (TDS) is required to file a TDS return. The TDS return must be filed with the government every quarter to report the TDS deducted on payments made and the corresponding TDS deposited with the government for that particular quarter. Filing the TDS return is mandatory and must be done online. It is important to note that a TDS refund is only possible if the deductor has complied with the filing requirements.
To ensure that you are fully compliant with TDS laws and to efficiently process any potential TDS refund, it is highly recommended to consult with a Chartered Accountant. We at Shiromani Associates provide expert guidance and support for your TDS filing needs.
TDS Provision Compliance
If you are deducting TDS, it is essential to file the TDS return with the government on a quarterly basis. This process informs the government about the TDS deducted on payments made by the deductor and the TDS deposited in the relevant quarter. Non-compliance with filing can result in issues regarding the claim of TDS refunds. To ensure accurate and timely filing, and to receive any eligible TDS refunds, it is advisable to work with a Chartered Accountant.
How to Verify TDS Deduction and Deposit
If your TDS has been deducted, you can verify whether it has been deposited correctly with the government by checking Form 26AS on the Income Tax Department's official website. Form 26AS provides a consolidated record of all the TDS deducted from your income and deposited with the government.
Types of TDS Return Forms
TDS Return Form 24Q
This form is used when TDS is deducted on salary payments. It is filed by employers and contains details of salary paid and the TDS deducted from the employee’s salary.
TDS Return Form 26QB
This form is used when TDS is deducted during the payment for the transfer of immovable property. It is filed by the buyer of the property.
TDS Return Form 27Q
This form is used when TDS is deducted on payments made to non-residents. It is specifically filed for payments like royalties, technical fees, or other income that is subject to TDS under the provisions of the Income Tax Act.
TDS Return Form 26Q
This form is used for any other type of TDS deduction, such as payments made for interest, commission, professional fees, contractual payments, etc.
Documents Required for Filing e-TDS Return
PAN Card
TDS Certificates (if TDS has been deducted by another party)
Payment Details including TDS challan date, challan number, BSR code, and the TDS challan amount
Details of Notice/Original Return in response to any notices received from the Income Tax Department
At Shiromani Associates, we ensure that your TDS returns are filed in compliance with all applicable laws and regulations. Our team of experienced Chartered Accountants will guide you through the filing process, manage your TDS deductions, and help you claim any eligible refunds efficiently and without hassle.
For expert assistance with TDS return filing, please contact Shiromani Associates.