TDS Return filling Service in Chennai

Along with depositing the tax, the tax deductor must also complete the TDS tax return submission. TDS tax return submission is an annual declaration that must be provided to the Tax department. It is important to file the TDS returns by the due date. TDS return filing is completely done online. After the TDS returns have been filed, the details will appear the Form 26 AS. In making the TDS returns, the different facts to be listed include:

• PAN that of both the deductor as well as the deductee.
• The amount of tax payable to the government
• TDS challan information
• Other, if they exist.
• Eligibility Criteria

Who is eligible to submit TDS returns?

TDS tax return filing is performed by employers or organizations that have obtained the tax-collecting and deduction code (TAN). Anyone who has made certain payments as specified in the Income Tax Act is required to deduct taxes at the source and must deposit taxes within the prescribed period for making the next payment.

• Salary Payment
• Securities and income
• Earn money by winning lottery, puzzles, or others.
• Profits from winning horseraces
• insurance commissions.
• Payments related to the National savings scheme, as well as other schemes.

Step-by-step TDS return Filing procedure:

I. First, Form 27 A with multiple columns must be filled out if the Form is a hard copy, it is required to be verified with the E-TDS return which was filed electronically.

II. In the next stage, the tax is deducted directly from your source, and then the amount that was paid should be accurately completed and tallied.

III. It is the TAN of the company that must be listed on Form 27 A. There may be problems during the verification process when the TAN is in error.

IV. In filling out the TDS returns, the correct payment method, challan number of payments, as well as the tax details need to be listed. If the payment is made with an incorrect challan number or incorrect date of payment, there is a chance of a mismatch which means that the TDS returns will also have to be submitted once more.

V. To ensure consistency, the base form for filing the e-TDS has to be utilized. To ensure consistency, the 7 Digit BSR has to be filled out to facilitate the process of tallying.

VI. Physical TDS returns have to be filed at the TIN FC that is run by NSDL. If you are using the online filing, they may be filed on the website for the NSDL TIN.

VII. If the information provided is correct, then the token number or provisional receipt will be issued. This is proof that a TDS return has been submitted.

VIII. If rejected the memo of non-acceptance together with the reason behind the rejection will be issued. the returns need to be submitted again