Online TDS return is a statement given to the IT department every quarter. It is essential for every deductor to deposit income tax and file for TDS return on time. TDS is the abbreviation for tax deducted at Source. A Company or any person making payment is required to deduct tax at Source if the payment exceeds the prescribed threshold limit. The Income-tax Department of our country decides the rate at which the TDS will be deducted. The entity/ individual which deducts the said amount is termed as Deductor, and the person whose tax is deducted is termed as Deductee. It becomes the responsibility of the Deductor to deduct the TDS before making the payment and deposit it to the government. With Corpbiz, TDS Return filing becomes easy as we have the Auto-PAN bulk verification to avoid chances of errors in your TDS returns. A person who is liable to deduct tax at source has to file the TDS return as part of compliance. A TDS return is submitted by Tax Deductor in respect of every quarter with the Income Tax Department. The return is a statement that entails the details of the tax collected, source of collection and tax paid to Government for the reporting period. Generally, tax is deducted on transactions such as Salaries, payment to professionals and contractual basis, payment of rents exceeding certain amount, etc. For every such type of transaction and payment, there is prescribed rate of interest. The deductee can claim the benefit of the tax deducted while ITR filing, only if the deductor has filed the TDS return on time.
Lower burden. Higher development.
A steady inflow of income to the government.
Facilitates a smooth collection of taxes used for welfare.
No burden of paying tax lump sum as the payment is done every three months for the whole year.
Simple. Short. Secure.
Computing your TDS payments
e-filing the TDS return
Adherence to compliance with regulations
Details of account and related things.
Last TDS filing details, if applicable
The period for which TDS has to be filed
Date of incorporation of the business
No. of transactions for filing TDS returns
Name of the entity - Proprietorship/ Partnership/ Company/ LLP
Compute, file and follow the rules.
Dedicated account manager to assist you.
Accurate and timely filing
Experts to advise you on tax matters
File return with tax and investment planning.