Tax Deducted at Source (TDS) is a tax collection method where tax is deducted at the point of income generation. TDS return filing is mandatory for all entities and individuals who have deducted tax at source and ensures compliance with income tax laws. Filing TDS returns is essential for reporting the TDS collected and deposited with the government.

Filing TDS returns not only fulfills a legal obligation but also helps in the systematic tracking of income and tax deductions. With Vision Tax’s guidance, the filing process is efficient, allowing taxpayers to focus on compliance and accuracy.

• Legal Compliance: Ensures adherence to tax laws, avoiding penalties for non-compliance.
  

• Detailed Tax Record: Provides an official record of tax deducted and deposited.
  

• Employee and Vendor Benefits: Enables employees and vendors to claim tax deductions accurately.
  

• Avoidance of Penalties: Compliance with TDS filing requirements helps avoid fines.
  

• Enhanced Credibility: Builds trust with employees, vendors, and regulatory authorities.

1. TAN (Tax Deduction and Collection Account Number): A valid TAN is necessary for filing TDS returns.

2. Details of Deductees: Information about employees or vendors from whom tax has been deducted.

3. Challan and Payment Details: Details of TDS payments made to the government.

4. PAN of Deductees: PAN details of individuals or entities from whom tax has been deducted.

• Employers and Businesses with Deducted TDS: Any entity or individual who deducts TDS on payments is required to file TDS returns.
  

• Types of Payments: TDS is applicable on salary, interest, rent, contractor payments, and professional fees.
  

• Frequency of Deduction: Regular or one-time deductions both necessitate TDS return filing.

1. Gather details of deductees and payment information.

2. Calculate TDS amounts as per applicable rates.

3. File TDS return on the Income Tax Department’s portal or authorized software.

4. Verify and submit TDS return.

5. Receive TDS return acknowledgment upon successful filing.

• TAN of Deductor: TAN required for TDS filings.
  

• PAN of Deductees: PAN of individuals or entities from whom tax was deducted.
  

• Challan and Payment Details: Challan receipts for TDS deposited.
  

• TDS Calculation Worksheet: Record of TDS amounts calculated for each deductee.

1. Collect Deduct and Payment Information: Gather details of tax deductions and payments.

2. Calculate TDS and Verify: Calculate TDS based on applicable rates and verify accuracy.

3. File TDS Return: Complete TDS filing on the e-filing portal or authorized software.

4. Submit and Verify TDS Return: Submit return and complete verification.

5. Receive Acknowledgment: Obtain TDS return acknowledgment for record-keeping.

Our Fees: Rs. 2,000 + GST
Government Fees: No government fee for TDS filing; late fees and penalties may apply for delayed submission.

Processing generally requires 1-2 days.