TDS return is the statement filed with the income tax department by deductors or collectors of TDS/TCS stating the details of amounts deducted/collected along with the PAN number, date and other essential details regarding the transaction.
WHATS INCLUDED IN THIS PACKAGE ?
What is the process for TDS Retun?
Every person responsible to deduct tax is required to file TDS return.
As per Income Tax Act, 1961, all corporate and government deductors/collectors are compulsorily required to file their TDS/TCS returns on electronic media (i.e. e-TDS/TCS returns). However, deductors/collectors other than corporate/government can file either in physical or in electronic form.
Fee charged by TIN facilitation centers is given as follows
|No. of deductee records in e-TDS/TCS return.
(exclusive of service tax)
(inclusive of service tax)
|Returns having up to 100 records||Rs. 38.00||Rs. 43.50|
|Form No. 26Q||Rs. 178.00||Rs. 204.00|
|Form No. 27Q||Rs. 578.50||Rs. 662.50|
||Due Date for Government Deductors
||Due Date for Other deductor
|April to June||31 July||15 July|
|July to September||31 October||15 October|
|October to December||31 January||15 January|
|January to March||15 May||15 May|
PAN of the deductors has to be given by non-Government deductors. It is essential to quote PAN of all deductees.
|Form No. 24Q||Quarterly statement for tax deducted at source from ‘Salaries’||Quarterly|
|Form No. 26Q||Quarterly statement of tax deducted at source in respect of all payments other than ‘Salaries’||Quarterly|
|Form No. 27Q||Quarterly statement of deduction of tax from interest, dividend or any other sum payable to non-residents||Quarterly|
|Form No. 27EQ||15 May||Quarterly statement of collection of tax at source|
Penalty of Rs.200 per day upto the date of filing of return from the due date is levied not exceeding the amount of TDS for that quarter. Penalty for non-filing of TDS return for more than one year, may extend to Rs.1 lakh.
The following are the various types of corrections that you can make to an accepted regular TDS/TCS statement
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