TDS Return Filing and TDS Due Date
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.
TDS Return Filing is the collection of the tax of individual by the government of India when a transaction takes place. It is generally deposited to the government by submitting payment along with the tax. Filing the TDS returns also ensure that the details related to the depositing of tax deduction have been precisely mentioned. The individual making payment to someone else for specialized goods and services has to deduct TDS along with filing TDS return. These types of payments include interest, brokerage, salary and contract payments. During this process, the person who is deducting the TDS is known as deductor and the person whose tax is going to be deducted is known as deductee.
Those entities have TAN Registration must then file TDS returns. TDS returns are due quarterly. BusinessCrow can help you to file your TDS returns online. Our TDS experts can help you to compute your TDS payments and file the TDS return which will keep you keep you in compliance with TDS regulations.
Reasons to TDS Return Filing
TAN - Tax deduction Account Number
PAN is a 10 character alpha-numeric code issued by the Income Tax Department for persons responsible for deducting or collecting tax at source. All most all for-profit entities and not-for-profit entities are required to obtain TAN.
Tax Deducted at Source must be paid into authorized bank, quoting the TAN and using Challan 281. TDS during the preceding month must be paid before the 7th day of the following month.
Proprietorship Require TAN
Salaried individuals are not required to deduct tax at source. However, individuals running a proprietorship are required to obtain TAN and deduct tax at source when required.
TAN Facilitation Center
BusinessCrow is an authorized TAN facilitation center. Therefore, BusinessCrow can help you obtain TAN hassle-free and quickly. Just send the TAN application along with the supporting documents and we will help you get your TAN quickly.
Once a TAN is issued, it is valid for lifetime. However, TDS Filings must be made quarterly on the 15th day of July, October, January and May. Non-filing of TDS filings within the due date will attract a penalty.
Simple & Transparent Pricing
Easy Return Plan
Rs. 999.00All Inclusive
Annual Filling Contract
Rs. 2999.00All Inclusive
How we help with TDS return filing
IndiaFilings.com can help your business file TDS return and deposit TDS payments on time.
A BusinessCrow TDS Expert will collect the necessary information and documents for preparation of TDS return for your business.
Based on the documents and information presented, a BusinessCrow TDS expert will prepare your TDS return and send for your approval.
Once the TDS return is verified and approved by you, our TDS expert will file your TDS return with the Income Tax department.
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