TDS Return Filing

TDS Return Filing in India

About TDS Return Filing

TDS (Tax Deducted at Source) Return Filing is a statutory reporting process where every person or organization deducting tax at source reports the details of those deductions to the Income Tax Department.
Every quarter, deductors must file a statement summarizing all TDS on salary, rent, professional fees, interest, and other taxable payments. This quarterly return includes:

• PAN of both deductor and deductee
• Amount and date of tax deducted and deposited
• Payment challan details (CIN, BSR code, amounts, dates)

The accuracy and timeliness of your TDS return are vital-these filings directly update each deductee’s Form 26AS and ensure the tax credit is reflected for their ITR. Filing TDS returns on time is mandatory under the Income Tax Act, 1961 and prevents significant penalties and compliance headaches.

What is a Revised TDS Return?

A Revised TDS Return corrects any errors or missing data in your original statement. Common reasons for revision include:

• Incorrect or missing PAN/TAN
• Wrong challan or payment details
• Mistakes in TDS rate, amount, or payment section
  Filing a revised return quickly and correctly ensures accurate records on the government portal, preserves the deductee’s credit, and avoids tax department notices or penalties. Revisions are submitted online via the TRACES portal after corrections are made.

Purpose of Filing a TDS Return

• For the Government:
• Steady tax collection at the source
• Prevents tax evasion by tracking every transaction
• Simplifies audits and reconciliation through Form 26AS
• For Deductors:
• Fulfills legal obligations-mandatory under Section 200(3)
• Provides clear evidence of timely deductions and payments
• Avoids penalties, late fees, and prosecution for non-compliance
• For Deductees:
• Ensures smooth TDS credit in Form 26AS, simplifying ITR filings
• Facilitates quicker refunds and verified income records
• Protects against double taxation or disputes

TDS Applicability & New Thresholds (2025 updates)

TDS applies on payments including:

• Salaries, interest, rent, commissions, contractor fees
• Sale of property, professional/technical fees, winnings from lotteries/games

Major threshold changes from 1 April 2025:

• Interest (Section 194A): Up to ₹ 1,00,000 for senior citizens
• Rent (Section 194-I): ₹ 50,000/month
• Professional Fees (Section 194J): ₹ 50,000 threshold

(Refer to the latest Finance Bill for complete, final thresholds.)

TDS Rate Chart 2025

For Residents

For Non-Residents

Types of TDS Returns and Applicability

Required Documents for TDS Return Filing

• TAN and deductor PAN
• PAN and details of every deductee
• TDS challan information (CIN, BSR Code, date, amount)
• Salary, rent, or vendor payment details (as per TDS section filed)
• Correct TDS return form (24Q, 26Q, etc.)
• Digital Signature (for companies)
• Bank details for payment
• Cross-verification data from Form 26AS

How to File TDS Return Online

1. Prepare all required data (TAN, PANs, challans, deductee details)
2. Download and fill the appropriate TDS Form (from TIN-NSDL)
3. Validate using File Validation Utility (FVU)
4. Generate and upload the .fvu file on the e-filing portal (TAN login)
5. Save the acknowledgment/receipt for records

TDS Return Due Dates

Penalties & Consequences for Delay or Errors

• Interest u/s 201(1A):
• 1% per month for deduction delay;
• 1.5% per month for late deposit
• Late Fee (234E): ₹ 200 per day until filed, up to total TDS amount due
• Penalty (271H): ₹ 10,000-₹ 1,00,000 for delayed/incorrect filing
• Prosecution (276B): Imprisonment (3 months-7 years) plus fine in cases of default

Benefits of Timely, Accurate TDS Filing

• Avoids penalties and compliance issues
• Ensures smooth credit for employees and vendors
• Facilitates faster tax refunds
• Prevents tax department scrutiny or audit
• Maintains accurate business tax records

TDS Return Filing Eligibility

All who deduct TDS must file returns, including:

• Companies, LLPs, and partnerships
• Proprietors and individuals (if under tax audit)
• Government and local authorities
• Societies, trusts, NGOs
• E-commerce platforms and banks

TDS Return Filing Fees

• No direct government charge
• Professional filing: ₹ 1,000-₹ 5,000/quarter depending on volume and complexity
• Late filings: Statutory penalties as above

Why Choose Agarwal Avinash & Co for TDS Filing?

• Expert tax consultants and CA team
• End-to-end service: Preparation, reconciliation, submission, and Form 16/16A generation
• Digital, confidential, and fast
• Corrective filings: Quick and accurate revisions for any error found
• Transparent fees: No hidden costs, value for every rupee

FAQs - TDS Return Filing

1. Is it mandatory to file TDS if no tax is deducted?
A NIL return is recommended to maintain compliance history.

2. Can TDS returns be revised?
Yes, you can revise as many times as needed until all errors are fixed.

3. What’s the penalty for not depositing TDS?
Interest (1.5% pm), late fee, and, in extreme cases, prosecution.

4. How soon is the TDS certificate/Form 16/16A available?
Once returns are filed and processed, Form 16/16A can be issued to employees/vendors.

5. Do you support TDS on property/rent?
Yes, we handle all sections-salary, property, rent, commission, and non-resident TDS.

TDS Return Filing Made Easy - With Agarwal Avinash & Co

Avoid last-minute surprises and compliance worries.
Let our experts file, reconcile, and manage your TDS returns-fast, accurate, and always compliant.

Call / WhatsApp: +91 - 9743956549
Email: caavinash1985@gmail.com
Visit: www.caagarwalavinash.com

Agarwal Avinash & Co - India's Trusted Partner for TDS Compliance & Filing