TDS & TCS Return Filing Services

Tax Deducted at Source (TDS) is a system under the Income Tax Act where tax is collected at the point of income generation. Entities making payments such as salaries, professional fees, interest, or rent must deduct tax at source and file TDS returns. Our TDS Return Filing Services ensure timely and accurate filing in compliance with legal norms.

Types of TDS Returns We Assist With

• Form 24Q – TDS on Salaries: Filed for TDS deducted on employee salaries. Due Dates: Q1 – 31st July, Q2 – 31st October, Q3 – 31st January, Q4 – 31st May.
• Form 26Q – TDS on Non-Salary Payments: Filed for TDS on interest, rent, dividends, professional fees, etc. Due Dates: Q1 – 31st July, Q2 – 31st October, Q3 – 31st January, Q4 – 31st May.
• Form 27Q – TDS on Payments to Non-Residents: Filed for TDS on payments to NRIs or foreign entities. Due Dates: Q1 – 31st July, Q2 – 31st October, Q3 – 31st January, Q4 – 31st May.
• Form 26QB – TDS on Sale of Property: Applicable when the property value exceeds ₹50 lakh. Must be filed within 30 days of the end of the month in which TDS was deducted.
• Form 26QC – TDS on Rent: Applicable when monthly rent exceeds ₹50,000. Must be filed within 30 days of the end of the month in which TDS was deducted.

Penalties for Late Filing of TDS Returns

• Late Filing Fee (Section 234E): ₹200 per day of delay, up to the total TDS amount.
• Incorrect Returns Penalty (Section 271H): ₹10,000 to ₹1,00,000 unless corrected within one year with fee paid.
• Interest on Delay: 1% per month for late deduction, 1.5% per month for late deposit.

Benefits of Timely TDS Return Filing

• Avoid Penalties and Legal Hassles.
• Ensure Accurate Reconciliation with Financial Records.
• Enable Deductees to Claim Tax Credit (via Form 26AS).
• Enhance Compliance and Business Credibility.

Stay compliant and avoid penalties by choosing our professional TDS Return Filing Services. We offer end-to-end assistance, from deduction to deposit and reporting, ensuring complete peace of mind.

TCS Return Filing Services

Tax Collected at Source (TCS) is applicable on specific types of sales where the seller collects tax from the buyer at the time of sale. TCS is governed under the Income Tax Act and requires quarterly filing of returns to report the collection and deposit of this tax to the government.

Key TCS Return Forms

• Form 27EQ – TCS Return: Applicable for TCS collected on goods like scrap, liquor, minerals, etc. Due Dates: Q1 – 15th July, Q2 – 15th October, Q3 – 15th January, Q4 – 15th May.

TDS Certificates We Assist With

A TDS Certificate is issued by the deductor to the deductee as proof of tax deduction. These certificates are essential for claiming tax credits and maintaining compliance.

Form	Certificate of	Frequency	Due Date
Form 16	TDS on salary payment	Yearly	15th June
Form 16A	TDS on non-salary payments	Quarterly	15 days from return due date
Form 16B	TDS on sale of property	Per transaction	15 days from return due date
Form 16C	TDS on rent	Per transaction	15 days from return due date

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