Online TDS Return Filing

Tax Deducted at Source (commonly known as TDS) is a system under which a tax is deducted at the origin of the income. It is deducted by the payer and remitted to the Government by the payer on behalf of the payee. TDS is applicable to several payments such as salary, interest, commission, brokerage, professional fees, royalty, contract payments, etc.

Any person or business entity who is making specified payments mentioned under the Income Tax Act are required to deduct TDS at the time of making such specified payment and file the return of TDS after such deduction intimating the transaction nature, purpose, and amount of TDS deducted along with the PAN of the deductee.

No, a business entity is not required to file TDS Returns if he is not liable or required to deduct any TDS amount.

Tax Deducted at Source (TDS) must be deposited to the government within 7^th day of the subsequent (next) month. For example, TDS amount deducted in the month of September shall be deposited with the Government by 7^th of October of that financial year. However, for certain transaction, the due date may vary.

Yes, a PAN card of deductee is required for TDS return purposes. However, in a case where the deductee don’t have PAN, then the payer is required to follow the provisions of Section 206AA and deduct tax at a higher rate.

​​​Yes, the TDS amount deducted may be reflected in your Form 26AS and thereafter you can claim the credit of tax accordingly. However, the claim of TDS to be made should be strictly as per the TDS being reflected in Form 26AS. If there is any discrepancy in the tax actually deducted and the tax credit being reflected in Form 26AS, then you should intimate the same to the Deductor and should reconcile the difference. The credit granted by the Income-tax Department will be as per Form 26AS only.​

​​​Non-reflection of TDS credit in Form 26AS can be due to several reasons like non-filing of TDS statement by the payer, quoting incorrect PAN of the deductee in the TDS statement filed by the payer. Thus, in case of non-reflection of TDS credit in Form 26AS, the payee has to contact the payer for ascertaining the correct reasons for non-reflection of the TDS credit in Form 26AS and the taxpayer cannot claim refund of such TDS.

No, if your salary is less than the tax exemption limit, then the employer is not required to deduct TDS on your monthly salary.

As per Income Tax law, a person is eligible to receive TDS paid if he/she has paid excess tax to the government than his/her actual tax liability. ITR must be filed by such a person in order to claim the income tax refund for that financial year.

​It is the duty and responsibility of the payer to deduct tax at source. If the payer fails to deduct tax at source, then the payee will not have to face any adverse consequences.

TAN of tax Deductor / payer is required to file TDS returns and forms. However, in case of few specified transactions such as TDS on rent or TDS on sale of house property, PAN can be used in place of TAN.