TDS & TCS Return Filing in India
What is TDS & TCS Return Filing?
- Avoid Heavy Penalties – ₹200/day for late filing under Section 234E
- Generate TDS Certificates (Form 16/16A)
- Ensure Seamless Compliance with Income Tax rules
Documents Required for TDS/TCS Return Filing
✅TAN of the Deductor/Collector
✅ PAN of the Deductor/Collector and Deductees
✅ Challan details (with BSR Code & Date of Payment)
✅ Salary details (for Form 24Q)
TDS & TCS Return filings
Are you deducting or collecting taxes under TDS or TCS provisions? Then filing your quarterly TDS (Tax Deducted at Source) and TCS (Tax Collected at Source) returns is mandatory under the Income Tax Act. At Aadesh Kumar & Associates, we offer professional TDS/TCS return filing services to ensure your business stays compliant, avoids penalties, and maintains credibility with the Income Tax Department.
With over 13+ years of experience in taxation, accounting, and compliance, our expert team handles your return filings with precision, timeliness, and full support.
TDS Return Filing: Every person or business that deducts tax while making specified payments (like salary, rent, interest, contractor payments, etc.) must file quarterly TDS returns with the Income Tax Department.
TCS Return Filing: Certain sellers who collect tax from buyers at the time of sale (like liquor dealers, scrap sellers, car sellers, etc.) must file TCS returns every quarter.
Filing these returns includes providing details of tax deducted/collected, PAN of deductees, payment information, and challans.
FAQs – TDS/TCS Return Filing in India
Q. Who is required to file TDS returns?
Any person or entity who deducts tax at source is required to file quarterly TDS returns.
Q. What happens if TDS return is not filed on time?
A penalty of ₹200 per day is levied until the return is filed. There may also be nterest and prosecution in some cases.
Q. Can I revise my TDS return?
Yes, revised TDS returns can be filed to correct errors or add missing details.
Q. Is TAN mandatory for TDS return filing?
Yes, having a valid TAN (Tax Deduction and Collection Account Number) is mandatory.
Q. What are Form 24Q and 26Q?
Form 24Q is for TDS on salaries; Form 26Q is for TDS on other payments like interest, rent, contractor payments, etc.
