TDS Return Filing Online - The Income tax Department has made it compulsory for the employers to deduct tax on payment made to the employees, If the payment so made is more than the threshold limit then the employers are bound to deduct TDS. TDS is also deducted on various payments made by company to professional consultants, marketing expenses , payment of rent etc
The deductor can be employers or companies hiring freelancers, contractors or any other kind of professionals. Now after deduction, the deductors have to deposit the same to department and the amount so deducted and deposited shall be reflected in FORM 26AS of the deductee. For deducting TDS, the deductor has to apply for a TAN through the website.
There are certain requirements for filing of TDS Return as mentioned below:
STEP 1: Fill form 27A and verify it with e-TDS that has been electronically filed.
STEP 2: Total payment made to the deductee and the amount deducted should be filed carefully.
STEP 3: TAN of the Organisation should be mentioned in FORM 27A.
STEP 4 : Filling of all the payment details to be mentioned in TDS returns
STEP 5 : Take a receipt of TDS return filed for future reference
The deductor should have valid Tax Deduction and Collection Number (TAN).TDS is liable to be deducted & TDS return is mandatorily required to be filed on the below mentioned transactions:
We at Best Legal Services are group of experienced individuals who deal in various Complex legal issues and our experts can make your job easier by depositing the TDS amount through challan and filing TDS returns for you.