TDS Return Filing

What is TDS?

Tax Deducted at Source (TDS) is a system under the Income Tax Act, 1961 where the payer deducts a percentage of tax before making certain payments and deposits it with the government. The deducted amount is credited to the payee’s tax account and appears in their Form 26AS. Common TDS payments include salaries, professional fees, contractor payments, commission, rent and interest.

Common TDS sections for Chennai businesses

• Section 192: salaries paid to employees
• Section 194C: payments to contractors, such as catering, transport, housekeeping and event services
• Section 194J: fees for professional or technical services, such as consultants, doctors and designers
• Section 194I: rent for land, buildings, offices or equipment
• Section 194H: commission and brokerage
• Section 194Q: purchase of goods by larger businesses

Rates and thresholds vary by section and change from time to time; we apply the current rules for every payment.

TDS return forms

• Form 24Q: TDS on salaries
• Form 26Q: TDS on all other domestic payments
• Form 27Q: TDS on payments to non-residents
• Form 27EQ: Tax Collected at Source (TCS)

Why accurate TDS compliance matters

• Avoid late fees and interest: ₹200 per day for late returns and interest for late deduction or payment.
• Protect your expense claims: expenses can be partly disallowed in your income tax return if TDS is not deducted or paid.
• Keep employees and vendors happy: payees need correct TDS credit to file their own returns and claim refunds.
• Avoid notices: mismatched PANs, short deductions and late payments trigger demands from the TDS centre.

What our TDS service includes

• TAN application, if you do not have one
• Monthly calculation of TDS on salaries, vendor payments and rent
• Preparation of TDS challans and timely payment reminders
• Quarterly filing of Forms 24Q, 26Q and 27Q
• Issue of Form 16 to employees and Form 16A to vendors and professionals
• Correction returns for PAN errors or short deductions
• Replies to TRACES demand notices and defaults

Information we need

• TAN and TRACES login details
• List of payments made with payee name, PAN, amount and nature of payment
• Salary details of employees and their investment declarations
• Challan details of TDS already paid

Our process

1. Review: we check past TDS filings and pending defaults.
2. Monthly support: you share payment details, and we compute TDS and prepare challans.
3. Quarterly filing: we file returns before the due date and share acknowledgements.
4. Certificates: we download and issue Form 16 and Form 16A.
5. Notices: we monitor TRACES and resolve defaults quickly.

Frequently Asked Questions

What are the due dates for TDS returns?

Quarterly TDS returns are due by 31 July, 31 October and 31 January for the first three quarters, and by 31 May for the January to March quarter.

When must deducted TDS be paid to the government?

TDS must generally be deposited by the 7th of the following month. For tax deducted in March, the due date is 30 April.

What is the penalty for late TDS return filing?

A late fee of ₹200 per day applies under Section 234E, up to the amount of TDS. Further penalties and interest can apply for late payment or non-filing.

Do I need a TAN to deduct TDS?

Yes. Every person or business deducting TDS must have a Tax Deduction and Collection Account Number (TAN) and quote it on all TDS payments and returns.