TDS Return Online

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TDS (Tax Deducted at Source) is an indirect system of deduction of tax according to the Income Tax Act, 1961 at the point of generation of income. Tax is deducted by the payer and is remitted to the government by him on behalf of the payee.

A TDS Return is a quarterly statement which has to be submitted to the Income Tax Department of India. Submitting TDS Return is mandatory if you are a deductor. It has details of TDS deducted and deposited by you.

 

Our charges are Rs. 600 for Quarterly TDS Return

 

Features

Our CA files your return

FVU submission with NSDL

Challan/PAN verification

Procedure for TDS Filing

 

Add Deductor

Add and Verify Challan payments

Add Deductees/ Employees

Match Challan with Deductees

Verify return and Generate FVU
 

General Documents for TDS return filing

  • TDS certificates;
  • Tax payment challans (Self-assessment, advance tax);
  • PAN card details;
  • In response to a notice received from Income Tax department-You need the details of the Original return or details of notice;
  • All Bank account information.

Salary income

  • Form 16;
  • Salary Certificate.

FORM 26 AS

It is a combination of tax credit statement issued to a taxpayer. It shows that Income tax has been deposited with the government related to the taxpayer and Form 26AS is compulsory to be issued Under Section 203AA of the Income Tax Act, 1961.

Form 26AS consists of all the details of the taxes paid and deposited with the Department of Income Tax.

Interest Statement of the Income

  • TDS certificate issued by banks;
  • Interest income statement for FDs;
  • Bank statement or passbook for interest on savings account.

House Property

  • Property Tax or Rent details;
  • Interest certificate issued by the bank for housing loan;
  • Co-owner details;
  • Address proof of the property.

Capital Gains

  • Reserve statement in case of trading in shares etc;
  • Sale and Purchase Deed of the property consisting of stamp deed of the property  for land or building;
  • Re-investment purchase deed to claim immunity from Capital Gains;
  • Cost of purchase, cost of improvement and value of sale in case of other capital assests;
  • Documents for cost of improvement;
  • Capital Gains Accounts Scheme consisting of details of investment;
  • Details of expense that has incur on transfer.

Section 80 for Investments

Section 80C is a documents used for investment credentials. The investment made under PPF, ULIPS, NSC, LIC, ELSS qualify for deductions under Section 80C.

Tax Savings Investments

  • Tuition fees receipts;
  • Repayment certificate for housing loan;
  • PPF passbook;
  • Life and medical insurance payment receipt;
  • Fixed deposit receipts;
  • Donation receipts;
  • Deposit receipts of senior citizen saving scheme.

Other sources

  • Rent agreement for plant & machinery given on rent;
  • Receipts of any income from winning lottery etc;
  • PPF passbook for interest;
  • Interest certificates on bonds;
  • Dividend warrants/amount;
  • Details of accrued interest during the year;
  • Bank Passbook/Statement or interest income certificate.

The advantages of collecting TDS are highlighted below:

  • It prevents people from evading taxes.
  • It ensures a steady source of revenue for the Government.
  • The Tax Collection base is widened.
  • The burden of responsibility of the Tax Collection Agencies and the Deductor are lessened.
  • It is convenient for the deductee as Tax is automatically deducted.

 

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