What Is TDS Return Filing?
TDS Return Filing is the process of submitting quarterly statements to the Income Tax Department, showing details of tax deducted on various payments like salary, rent, professional fees, commission, or interest. Every individual or entity that deducts TDS must file these returns within the prescribed due dates.
Who Should File TDS Returns?
Any person or organization making specified payments under the Income Tax Act must file TDS returns if they’ve deducted tax at source. This includes:
- Employers deducting TDS from employee salaries
- Businesses paying contractors, professionals, or rent
- Banks deducting TDS on interest payments
- Companies making commission or brokerage payments
TDS Return Forms and Their Purpose
Different forms are used for different types of payments:
- Form 24Q – For TDS on salaries
- Form 26Q – For TDS on all payments other than salary
- Form 27Q – For TDS deducted on payments made to non-residents
- Form 27EQ – For Tax Collected at Source (TCS)
You can easily file these forms online through the TDS Return Filing page at Kanakkupillai, where experts handle the entire process seamlessly.
TDS Return Filing Process
Here’s a step-by-step breakdown:
- Collect details of all deductees and the tax deducted.
- Prepare TDS statements using return preparation utilities (RPU) provided by NSDL.
- Verify details such as PAN, TAN, and challan numbers.
- Submit the return through the TRACES or TIN-NSDL portal.
- Generate Form 16/16A for the deductees.
If this feels complex, professional assistance from Kanakkupillai ensures accurate and timely TDS compliance.
Penalties for Late or Incorrect TDS Return
If a TDS return is filed late or contains incorrect details, the following penalties may apply:
- ₹200 per day under Section 234E for delay in filing
- Minimum ₹10,000 to ₹1,00,000 under Section 271H for incorrect information
Hence, it’s always advisable to get expert help from trusted professionals like Kanakkupillai for hassle-free filing.
Why Choose Kanakkupillai for TDS Return Filing?
- Expert professionals with years of compliance experience
- 100% accuracy in data validation and return submission
- Affordable pricing and end-to-end support
- Timely reminders for future filings
With Kanakkupillai, you can focus on your business while experts manage your tax obligations.
Final Thoughts
TDS return filing is not just a regulatory task—it’s a vital part of maintaining clean financial records and ensuring tax transparency. Partnering with trusted experts like Kanakkupillai simplifies the process, avoids penalties, and ensures full compliance with Indian tax laws.
File your TDS returns online today with ease at https://www.kanakkupillai.com/tds-return.
Comments