TDS Return Filing – Accurate & Timely Quarterly Compliance

Avoid penalties and notices with proper TDS return filing.

Frequently Asked Questions

Businesses Deducting TDS

Any company, LLP, or proprietorship deducting tax at source must file quarterly TDS returns.

Organizations deducting TDS under Section 192 must file Form 24Q.

If TDS is deducted under Sections 194C, 194J, etc., return filing is mandatory.

TDS deducted on rent, commission, brokerage, or interest must be reported quarterly.

All persons having TAN and deducting TDS must comply with return filing.

Eligibility Criteria

Valid TAN (Tax Deduction Account Number)

TDS deducted during the quarter

PAN details of deductees available

Challan payment details available

Accurate deduction records maintained

Documents Required

TAN Details

1.

PAN of Deductor

2.

PAN of Deductees

3.

TDS Challan Details (CIN)

4.

Salary Details (for Form 24Q)

5.

Payment details to contractors/professionals

6.

Previous TDS returns (if applicable)

7.

Step-by-Step Process

Collection of TDS deduction data

01

Verification of challan payments

02

Preparation of appropriate TDS form

03

Validation through FVU utility

04

Upload on TRACES / Income Tax Portal

05

Generation of acknowledgment

06

Issuance of TDS Certificates (Form 16/16A)

07

Estimated Timeline 10–15
working days

Government Fees Varies by authorised capital (starts at ₹500)

Penalty & Non-Compliance Risks

Late filing fee under Section 234E (₹200 per day)

Penalty under Section 271H (₹10,000 to ₹1,00,000)

Interest on late TDS deposit

Disallowance of expenses

Income Tax notices and scrutiny

Compliance Checklist

01

Deposit TDS before due date

02

File quarterly TDS return on time

03

Verify PAN of deductees

04

Download Form 16/16A from TRACES

05

Reconcile challans with Form 26AS

Frequently Asked Questions

Is TDS return filing mandatory?

Yes, if you have deducted TDS during the quarter.

₹200 per day until filing is completed.

24Q, 26Q, 27Q, and 27EQ depending on nature of payment.

Penalty, interest, and department notices may apply.

Yes, TAN is compulsory for deducting and filing TDS.

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