ACCASYS can help prepare and file TDS return from Rs.1500/- onwards
TDS (Tax Deducted at Source) is an indirect system of deduction of tax which ensures that the government’s collection of tax is proponent. Tax is deducted by the payer (but not necessarily a taxable amount as it could qualify for refund in some cases) and is remitted to the government by the payer, on behalf of the payee.
Thus the deducted amount has to be remitted by the payer in the form of TDS Return filing every quarterly to the Tax Department of India thereby remitting the deducted amount on behalf of payee. The payee (Income Receiver) is eligible to claim credit for this TDS amount in the Income tax liability.
Tax Deduction and Collection Number (TAN) is a mandatory 10 digit alpha number. Any person who is responsible for Tax Deduction at Source (TDS) or Tax Collection at Source (TCS) on behalf of the Government should compulsorily have 10 digit TAN number.
If you need any further information in regards to TDS return filing/ due date/TAN Registration, etc, please don’t hesitate to contact our ACCASYS experts.
Who are required to deduct TDS?
Any individual running a business – be it a proprietorship, partnership or not profit organization for that matter is required to obtain TAN and deduct tax at source when required. Salaried individuals are exempted from TDS Filing.
We also help facilitate the process of TAN Application for you. TAN once issued can be used for lifetime and its validity has no end date so it doesn’t need any renewal. But filing is mandatory every quarterly i.e. on 15th of January, May, July and October to avoid any penalty.
TDS return filing for one quarter.
TDS return filing for two quarters.
TDS return filing for four quarter.
ACCASYS.com can help your business file TDS return and deposit TDS payments on time.
We get our dedicated member who is TDS Expert to understand your business requirements and will collect the necessary information and documents for preparation of TDS return for your business.
ACCASYS TDS expert will prepare your TDS return and send it for your approval only after ensuring that sufficient documents and information are gathered to avoid an error in filing.
We ensure that the TDS return is verified and approved by you before initiating the process of filing your TDS return with the Income Tax department.