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File a TDS return

TDS return filing is what?


The detector must file a TDS return in addition to depositing the tax. The Income Tax division must receive a quarterly statement known as the TDS return filing. The TDS returns must be sent in by the deadline. The TDS return filing process is entirely online. Once the TDS returns have been filed, information will show up on Form 26 AS. The following information must be included when submitting TDS returns:

  • PAN of the deducted and deductor.

  • TDS challan details and tax amount paid to the government

  • Any additional people.


TDS: What is it?

The tax that the Indian government collects when a transaction is made is known as tax deducted at source, or TDS. The tax is to be subtracted in this instance at the earliest of the time the funds are credited to the payee's account or the time the payment is made.


In this instance, the tax is subtracted at the time the payment is made for the wage or the life insurance policy. This sum must be deposited with the Department of Income Tax by the deductor. The Income Tax Department receives a portion of the tax payment directly through TDS. In most cases, a 10% deduction is made for tax.


TAN: What is it?


The Tax Deduction and Collection Number, or TAN, is a required 10 digit alpha number that must be obtained by all individuals who are in charge of withholding taxes at the source or collecting taxes at the source on behalf of the government. Employees are not required to obtain a TAN or deduct taxes at the source.

In the case of sole proprietorships, enterprises and other entities are required to withhold tax at the source when making certain payments, such as salaries, contractor payments, and rent payments that are greater than Rs. 2,40,000 per year. Getting the TAN registrations is possible with the aid of Account Kart.

The TDS returns must be filed quarterly by the entities with a current TAN registration. In accordance with TDS laws, our TDS experts can assist in calculating TDS payments and filing TDS forms.

Criteria for Qualification


Who may file TDS returns?


Those businesses or employers that have obtained a valid tax collection and deduction number file TDS returns (TAN). Anyone making the payments listed below must withhold taxes at the sources and deposit them within the allotted time frames. These payments are listed in the Income Tax Act and must be made by specific individuals.

  • Paid in Salary

  • A security's income

  • Earning money through puzzle, lottery, and other contests.

  • Commissions from insurance companies winnings from horse races.

  • Regarding the National Savings Plan and other things, payment.


TDS Return filing deadline


What are the deadlines for submitting TDS returns?

The seventh day of the following month is when the TDS payment is due.

Period Last day to file

First Quarter: April 1 to June 30,

The deadline to file is July 31, 2022.

Second Quarter: July 1 to September 30,

The deadline to file is October 31, 2022.

Third Quarter: October 1 to December 31

The deadline to file is January 31, 2023.

Fourth Quarter: January 1 through March 31

The deadline to file is May 31, 2023.

Note: According to Circular 21/2022, the deadline for submitting the TDS Statement in Form 26Q for the fiscal quarter that ended on September 30, 2022, has been moved up to November 30, 2022.


Submission of TDS returns


How to electronically submit TDS returns?

The process for filing TDS returns online is outlined below in detail.

Step 1: Filling out Form 27 A, which contains numerous columns, is the first step. If the Form is printed off, it must be checked along with the E-TDS return that was submitted electronically.

Step 2: The source tax deduction and the total amount paid must be accurately filled out and added up in this step.

Step 3: The Form 27 A must include the organisations' TANs. If the specified TAN is inaccurate, there will be issues with the verification process.

Step 4: The correct challan number, the payment method, and the tax information must be stated when submitting TDS returns. Incorrect challan numbers or payment dates will result in a mismatch, necessitating a new filing of the TDS returns.

Step 5: The basic form used for submitting the e-TDS must be used to ensure uniformity. For convenience in tallying, the 7 Digit BSR must be entered.

Step 6: Actual TDS returns must be filed physically to the TIN FC, which is run by NSDL. On the NSDL TIN's official website, you can submit them if you choose to file electronically.

Step 7: A provisional receipt or a token number is issued if the information supplied is accurate. This demonstrates that a TDS return has been submitted.

Step 8: In the event that the returns are rejected, a non-acceptance memo is provided along with the cause for the denial, and the returns must be resubmitted.

Return TDS Form


What different TDS Form kinds are there?

The type of deductees paying taxes or the deductees income determines the TDS forms. Here are some details about the TDS forms:


Form 24Q 

Periodicity: Quarterly   

Particulars : The quarterly statement for TDS from "Salaries"

Form 26Q 

Periodicity: Quarterly   

Particulars: Quarterly statement of TDS in respect of all payments other than “Salaries”

Form 27Q 

Periodicity: Quarterly   

Particulars: Quarterly statement of TDS from interest, dividend, or any other sum payments to non-residents

Form 27EQ        

Periodicity : Quarterly  

Particulars : Quarterly statement of collection of tax

24Q TDS Form

Employers are required to withhold TDS from employee salaries in accordance with Section 192 of the Income Tax Act of 1961. Form 24 Q, which must be submitted every quarter, is used by employers to file Salary TDS returns. In Form 24 Q, it is necessary to specify the specifics of the salaries paid to employees and the TDS subtracted from such salaries. Or, to put it another way, Form 24 Q is the quarterly statement of the payment made to the employee and the TDS withheld by the deductor at source.

26Q of the TDS

In certain circumstances, when a taxpayer pays taxes, the payee will deduct TDS. When payments other than salary are issued, Form 26Q is utilised to report TDS information. In addition to the TDS amount that has been deducted, the Form also lists the total amount paid over the course of a specific quarter. A Form 26 Q must be turned in every three months.


Form 27Q

A TDS report or statement, Form 27 Q, contains information about the tax deducted at source from payments made to non-resident Indians and foreigners that are not salary payments. Each quarter, or before the deadline, Form 27 Q must be submitted. Details of payments made and TDS deducted by the deductor on payments made to the NRI are contained in Form 27 Q.


27EQ Form

The entire source tax information is contained on Form 27 EQ. This form must be filed on a quarterly basis in accordance with Section 206 C of the Income Tax Act of 1961. Corporate collectors and deductors as well as government collectors and deductors must submit the Form.


A TDS Certificate is what?

Upon making the TDS deduction, the deductor must furnish the TDS Certificate. By looking at a genuine TDS certificate from TRACES that has a 7-digit unique certificate number and a TRACES watermark, the deductee can confirm the tax credit.

The deductee must keep the TDS certificates safe. Every quarter, TDS certificates for payments other than salaries are granted, and an annual TDS certificate is given for salaries.

If the deductee misplaces the certificate, he may ask for a replacement TDS Certificate.

Failure to file TDS returns will result in penalties.

According to Section 234 E, the assessee is subject to a daily fine of Rs. 200 as long as the default continues if the TDS returns are not filed by the due date.

Omitting to file TDS returns

In addition, the assessee will be responsible for paying a penalty if the return was not filed within a year of the due date or if erroneous information was provided. The fine imposed is not less than Rs. neither 10,000 nor greater than Rs. 1,000,000.

Revisions to TDS Returns

The tax amount credit with the government will not be shown in the Form 16A / Form 26AS once the TDS returns have been submitted and problems, such as inaccurate challan data or the failure to give or provision of an incorrect PAN, have been discovered. It is necessary to file a revised TDS return to ensure that the money is correctly credited and shown in Forms 16/ 16A/26 AS.

Conditions  for submitting revised TDS returns

Only once the TIN central system has approved the initial TDS return can the updated TDS returns be submitted. The assessee can view the TIN Central System's current status. By entering the necessary information, such as the PAN and the Provisional Receipt Number/Token number on NSDL, the assessee can track the status of the TDS returns that have been filed online.

Using the most recent consolidated TDS statement, the amended TDS returns must be prepared. On the TRACES website, the certificate can be downloaded.

TDS return claim

The deductor may claim TDS credit, but in order to do so, the deductee must include specific TDS information in his income tax filings. The deductee must take the necessary precautions to ensure that the right TDS certificate number and TDS data are provided when filing income tax returns.

The tax credit for processing the TDS returns will be inconsistent if the deductee provides inaccurate information.

Documents Required For TDS Return Filing

  • TDS Acknowledgement

  • PAN Card-PAN card details of the individual.

  • TDS Certificate-If the TDS has been deducted by other.

  • Tax Payment Challan-Self-assessment & advance tax, if one have deposited.

  • Bank Statement-All details of the individual’s bank account.

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