Basic Characteristics of TDS Return Filing
- Easily Import Data
- Import data from Excel and TDS files
- Verification
- Automatically verify TAN and PAN number
- OLTAS Linking
- Import data from Excel and TDS files
- TDS Computation
- Automatically Calculate TDS
- FVU Submission
- Submit the return in FVU format without any difficulty
- Form Generation
- Generate Form 16, 16A and more with ease
Benefits of TDS Filing
Advantages of TDS Filing with us are –
- Easy, Fast and Intuitive
- Generate Form 16
- 100% Accurate
- Easy, Fast and Intuitive
- Guided Filing
- Status Tracking
Services Offered by Us
Following are the services provided by us at the time of TDS filing.
- Documents Preparation
- Document submission
- Preparation of TDS Filing
- File TDS
Procedure of Filing TDS Returns?
Fill Enquiry
Form
Associate will call
and discuss in length.
Complete Documentation
& Requirements
Filing
TDS
Registration
Complete
Why Palankarta?
Palankarta gives an end-to-end service for TDS, documentation and its filing. The solution to all your questions and concerns of TDS filing, penalties etc.
Experienced Financial
Professionals
Deliver Service
on Time
Cost
Effective
Assured Customer
Satisfaction
No Hidden
Fees / Charges.
Frequently Asked Questions
FAQ
TDS Question
TDS means Tax Deducted at Source. It is the amount deducted from payments of various kinds such as salary, contract payment, commission etc. This deducted amount can be adjusted against the tax due of the deductee.
TDS payment rules: Every person is required to pay the tax deducted to the credit of government by the 7th day of the following month.
Non-payment or late payment of TDS will attract interest @ 1.5% per month until the tax has not been deposited.
However, this amount shall not exceed the amount of tax
For purpose of deduction of TDS, the value of supply is to be taken as the amount excluding the tax indicated on the invoice.
This means TDS shall not be deducted on the CGST, SGST or IGST component of invoice.
So it can be said that TDS is not deducted on the tax element (GST) of a transaction
TDS payment rules:
Every person is required to pay the tax deducted to the credit of government by the 7th day of the following month.
Non-payment or late payment of TDS will attract interest @ 1.5% per month until the tax has not been deposited.
However, this amount shall not exceed the amount of tax
By using applicable rates for deducting TDS u/s 194
Deductor will be liable to pay the way of fee Rs. 200 per day till the failure to pay TDS continues.
However, the penalty should not exceed the amount of TDS for which statement was required to be filed
- TDS refers to the deductions of tax on an individual’ income.
- The deductor is liable to make payments to the deductee .
- TDS helps reduce the burden of filing tax for a deductee and make sure that the Government receives stable revenues.
- TDS is collected after your earning reaches a certain limit.
Frequently Asked Questions
FAQ
TDS Return Filing Question
Following are the basic duties of the person who is liable to deduct tax at source.
He shall obtain Tax Deduction Account Number and quote the same in all the documents pertaining to TDS. He shall deduct the tax at source at the applicable rate
TDS refers to the deductions of tax on an individual’ income. The deductor is liable to make payments to the deductee
TDS helps reduce the burden of filing tax for a deductee and make sure that the Government receives stable revenues.
TDS is collected after your earning reaches a certain limit
Form 24Q should be filed and submitted for Return of Tax Deducted at Source on salary payments.
Form 26Q, on the other hand, should be filed and furnished for Return of Tax Deducted at Source details on domestic payments other than salary.
TDS payment rules:
Every person is required to pay the tax deducted to the credit of government by the 7th day of the following month.
Non-payment or late payment of TDS will attract interest @ 1.5% per month until the tax has not been deposited.
However, this amount shall not exceed the amount of tax
The Due date for every quarter is the 31st of the succeeding month
- General Documents for Filing e TDS return
- PAN card/Pan Number.
- Tax payment challans (Self-assessment, advance tax, if you have deposited the same)
- TDS certificates (if TDS has been deducted by other)
- All Bank account information
- Form 27EQ is for TCS returns.
- Tax Collected at Source (TCS) can be defined as the income tax collected by the seller from payer on the sale of certain items in India.
- Rates are specified at which tax is collected.