TDS return filing is mandatory and is required every quarter by all persons and entities who have deducted tax at source. TaxHills can help with TDS Return Filing Services Online.
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TDS General Information
TAN or Tax Deduction and Collection Number (TAN) is mandatory 10 digit alpha number required to be obtained by all persons who are responsible for Tax Deduction at Source (TDS) or Tax Collection at Source (TCS) on behalf of the Government.
Tax deducted at source (TDS) ensures that the Government’s collection of tax is proponed and the responsibility for paying tax is diversified. The person deducting the tax at source is required to deposit the tax deducted to the credit of Central Government – quoting the TAN number. Individuals who are salaried are not required to obtain TAN or deduct tax at source.
However, a proprietorship business and other entities (i.e., Private Limited Company, LLP, etc.,) must deduct tax at source while making certain payment like salary, payments to contractor or sub-contractors, payment of rent etc. TaxHills can help obtain TAN Registration.
TDS Return Filing
To provide the benefit of tax deducted to the person receiving the payment, it is mandatory to file a TDS return by the deductor. Each deductor has to issue certificate stating the amount paid and how much TDS has been deducted on same. Deductor has to mandatorily file TDS return every quarter. The deductee can claim this TDS deducted as tax paid by him for the financial year in which TDS has been deducted. Regarding rates and section one has to go as per what income tax law says. We are experts in filing TDS return in India. We can even guide you or your accountant the provisions of TDS. File your TDS return with us.