ITR(Income Tax Return)/ TDS(Tax Deducted Source) Services

TDS Return Filiing
TDS Software (For CAs)
TDS Return Filing
Income tax return
Income Tax Return
Bulk Return Filing
Revised Return Filing
Respond to tax notice

Income Tax Returns Filing Services

A Private Limited Company Need To File
Step 1: Get Private Limited Company Accounts Finalised
Step 2: Prepare Profit And Loss Account Statement And Balance Sheet
Step 3 : Prepare Board Report And Financial Statement
Step 4: Submit Income Tax Return Online
Step 5: Submit Annual Returns To ROC
We Also File The Following: Employee IT Return Filing
Proprietorship IT Return Filing Services
Partnership Firm IT Return Filing Services
Society IT Return Filing Services
TDS Returns And Refund Serivces
Maintainance Accounts For Business Organisations And Audit Services And Etc.,

TDS Return Filing and TDS Due Date

TDS stands for tax deducted at source. As per the Income Tax Act, any company or person making a payment is required to deduct tax at source if the payment exceeds certain threshold limits. TDS has to be deducted at the rates prescribed by the tax department.

The company or person that makes the payment after deducting TDS is called a deductor and the company or person receiving the payment is called the deductee. It is the deductor’s responsibility to deduct TDS before making the payment and deposit the same with the government. TDS is deducted irrespective of the mode of payment–cash, cheque or credit–and is linked to the PAN of the deductor and deductee.

TDS is deducted on the following types of payments:

Interest payments by banks
Commission payments
Rent payments
Consultation fees
Professional fees
However, individuals are not required to deduct TDS when they make rent payments or pay fees to professionals like lawyers and doctors.
TDS is one kind of advance tax. It is tax that is to be deposited with the government periodically and the onus of the doing the same on time lies with the deductor. For the deductee, the deducted TDS can be claimed in the form of a tax refund after they file their income tax return.
What is TDS return?
A deductor has to deposit the deducted TDS to the government and the details of the same have to be filed in the form of a TDS return. A TDS return has to be filed quarterly. Different types of TDS deductions have to be filed using different TDS return forms.
Preparing TDS returns can be done easily using the ClearTDS software. Reach out to us if you need any help with your TDS returns.