Overview of TDS Return Filing

What is TDS??

TDS is tax deduced source. It’s a tax which the people  has to pay but not all people. As per the government direction  the tax is applicable when payment is done. The person has to deposit or withdrawal money  has to pay TDS. TDS deduction occur when deposited to the government by submitting an income tax challan, along with the payment. 

Their Is two way for TDS

Deduct TDS as the payment done(like a deductor)

Another as TDS  return quarterly.

TDS return includes the details of deductor or deductees.  It is mandatory  Tax ,it contains the details of PAN .and when you file the return a form contains all the information of payment.

TDS return submitted in the Income Tax department. TDS(tax deducted  at source)is an direct system of deduction of tax, that is if you  earn money from any sources this tax is applicable. This tax comes under Income Tax Act 1961. Tax is also deducted by the payee and remitted to the government on behalf of his/her.

Tax Deduction & Collection number(TAN) is a number that  every TDS deductor  obtain by filling TDS return. Every people is responsible for this number for pay the return . TAN number is 10 digits number which is mandatory for filing a return. This Tax ensures the collection or revenue of the government’s and the tax is proponed and responsibility for Paying Tax  is diversified. TDS are not applicable on those people who are salaried. TDS return filled by the owner of the company ( i.e; private firm , Public limited firm etc).

TDS returns are duein  quarterly manner . Sainik Suvidha is the firm that   can help you file your TDS returns online. Our TDS experts can help you compute your TDS payments and e file the TDS return and keep you in compliance with TDS regulations. 

TDS Payments

TDS payments has certain limitation for payment, for payment people have TAN and payment has to be done by challan corresponding to the TAN .it only pay by the authorized Bank and has to be pay before the 7th day of the following month.

Ownership or Business Require TAN

If you earned on salaried  then you are not pay TDS. And if you run proprietorship as a individuals are required to obtain TAN  and pay TDS return. 

TAN Facilitation Center& Firm

Sainik Suvidha is a authorized TAN facilitation center. Therefore, Sainik Suvidha can help you  toobtain TAN quickly and @ cheep rates.the applicant who has to file the return has to send the documents and application form we further proceed and help to get TAN as soon as possible.

Validity of TAN

Once an applicant get the TAN  they has to pay the TDS return , it is valid for lifetime. However, TDS Filings must be made quarterly on the 15th day of July, October, January and May.  If you not filing the TDS you have to pay  thepenality.

Procedure:

Document Collection& verification

AnFiling bazaar TDS Expert will collect the necessary information and documents for preparation of TDS return for your business.and file the TDS return before the 7th day of the month

Return Preparation

Based on the documents and information presented, Sainik Suvidha TDS expert will prepare your TDS return and send for your approval.and after your approval the application and documents send to the Income tax department.

Return Filing

Once the TDS return is verified and approved by you, our TDS or firms  expert will file your TDS return with the Income Tax department. and sends you the Receipt  after submission of tax. 

Documents required to file TDS Return online:

• TAN of Deductor
• PAN of Deductee
• Nature of payment on which TDS made
• Rate of TDS
• TDS paid challan