How to file TDS return online quickly

E-Filing Tax Deducted (TDS) returns is a crucial compliance requirement for businesses and individuals who deduct TDS when making payments.

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TDS is a tax collection mechanism used by tax authorities of INDIA  to ensure that tax is deducted at the source of income at the time of payment  and it’s then deposited with the government.

Safe, easy, and fast reliable method

• To file TDS returns, you can use the online tax portal of the Income Tax Department or through authorized TDS return filing service providers. Ensure that you have the relevant TDS return preparation software. • Fill in the details of TDS deducted and deposited during the relevant quarter in the respective forms. • Verify the data with the challan details (proof of tax deposit) and ensure accuracy. • After filling in the data, you can validate the return to check for any errors or discrepancies

TYPES OF TDS RETURN FORM

FORM PARTICULARS
Form 24Q Quarterly statements for the tax deducted at source from the “Salaries”
Form 26Q Quarterly statement of every  tax deducted at source of income in respect of all the payments other than “Salaries”
Form 27Q Quarterly statement of the deduction of taxes from interest, dividend or any other sum payable to the non-residents
Form 27EQ Quarterly statement of the collection of tax at source of income.

WHAT IS THE PENALITY FOR LATE APPLYING OF TDS?

Incase if you fail to apply TDS on time ,you are subjected to pay penality.you can file your TDS returns post due date with a penalty of INR 200 for each day delayed until the return is filed needs to be paid but it cannot exceed the amount of TDS liability. The department of tax can also levy penalty u/s 271H which is between INR 10,000 to INR 1 lakh per individual or business

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TDS is paid to the govenment credit.

The intrest and late fee has to be paid for government.

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To file tds statement:

1.login to e-filing and select tds
2.Fill the form and select the assement year
3.click on view detail1s