Expert TDS Return Filing for Complete Tax Compliance
TDS Return Filing is mandatory for all entities who deduct tax at source under the Income Tax Act. Our expert CA team ensures accurate and timely filing of TDS returns including Form 24Q, 26Q, 27Q, and 27EQ, complete compliance with due dates, and seamless processing to avoid penalties and interest charges.
Benefits of Professional TDS Return Filing
- Timely Compliance: Submit all TDS returns within due dates to avoid penalties and interest charges
- Accurate Processing: Error-free filing of Form 24Q, 26Q, 27Q, and 27EQ with proper validations
- Expert CA Support: Professional assistance for complex TDS scenarios and correction statements
- Penalty Avoidance: Prevent late filing fees, interest charges, and prosecution under Income Tax Act
- Digital Certificates: Quick processing of TDS certificates for deductees and proper reconciliation
- Complete Documentation: Maintain proper records, challans, and return filing acknowledgments
TDS Return Filing Process
Data Collection & Verification
Gather all TDS deduction details, challan payments, PAN of deductees, and verify transaction records for the quarter
Return Preparation & Validation
Prepare appropriate TDS return forms (24Q/26Q/27Q/27EQ) with accurate details and run validations to ensure error-free filing
Online Submission
Submit TDS returns through TRACES portal with digital signature and generate filing acknowledgment receipts
TDS Certificate Generation
Download and distribute Form 16/16A certificates to deductees after successful return processing and validation
Compliance Documentation
Maintain complete filing records, acknowledgments, and provide quarterly compliance reports for audit purposes
Frequently Asked Questions
What are the different types of TDS returns and their due dates?
TDS returns include Form 24Q (salary TDS), Form 26Q (non-salary TDS), Form 27Q (TDS on securities), and Form 27EQ (TCS). Due dates are 31st July, 31st October, 31st January, and 31st May for quarterly returns. Annual returns are due by 31st May. Late filing attracts penalties of ₹200 per day.
What documents are required for TDS return filing?
Required documents include TAN certificate, challan details (ITNS 281), deductee details with PAN, salary registers or payment vouchers, TDS computation sheets, bank statements for challan verification, and previous quarter return acknowledgments. All deductee PAN details must be accurate to avoid penalties.
What are the penalties for late TDS return filing or non-filing?
Late filing penalty is ₹200 per day until filing. Non-filing attracts penalties up to ₹10,000-₹1,00,000. Interest at 1.5% per month on delayed TDS deposit. Prosecution under Section 276B for willful non-filing. TDS certificates cannot be issued until returns are filed, affecting deductees' tax credits.
How to file correction statements if errors are found in TDS returns?
Correction statements can be filed through TRACES portal using the same form numbers with correction request. Identify errors in original return, prepare corrected data, file correction statement with proper justification. No additional fee for corrections filed within prescribed time limits. Multiple corrections are allowed until the deadline.
When should Form 16 and Form 16A be issued to deductees?
Form 16 (salary TDS certificate) must be issued by 15th June for previous financial year. Form 16A (non-salary TDS certificate) should be issued within 15 days of return filing or by quarterly due dates. Certificates can only be generated after successful return filing and processing by income tax department.
What is TRACES and how is it used for TDS return filing?
TRACES (TDS Reconciliation Analysis and Correction Enabling System) is the online portal for TDS return filing. It enables online submission, validation, correction statements, certificate download, and challan verification. Digital signature or EVC is required for return submission. Registration requires TAN, PAN, and email verification.
How to handle TDS return filing for previous years or missed quarters?
Belated returns can be filed for previous years with applicable penalties and interest. File returns quarter-wise chronologically, pay penalties and interest through challans, submit returns with proper documentation. Ensure all challan details match with bank statements. Professional assistance recommended for multiple pending returns.
What validations are checked during TDS return processing?
Key validations include PAN format and existence, TAN validity, challan details matching with bank records, TDS rates as per sections, deductee details accuracy, mathematical calculations, and duplicate transaction checks. Pre-validation through file validation utility helps identify errors before submission, reducing rejection chances.