Tax Deducted at Source return

TDS (Tax Deducted at Source) is an indirect system of collection of Income tax according to the Income Tax Act, 1961 at the source of income. Tax is deducted by the payer and is remitted to the government by him on behalf of the payee. For Tax deduction and payment, the payer requires 10 Digit TAN number

A TDS Return is a quarterly statement which need to be provided to the Income Tax Department through specified site. Filling return is a mandatory for those who have deducted and deposited tax at source.

TDS Returns: TDS return to be filed quarterly within 30th of the month following the quarter. Failure of filling or delay in filling will attract interest and penalty

 Penalty- Failure to deduct tax at source shall attract penalty equal to the amount of tax deductible alongwith interest @ 1% per month. There are various other rigorous penalties for non deposit, short deposit or late deposit.

TDS Sections- TDS is deducted under various sections depending upon the nature of payments/expenses such as Salary, Rent, Interest, Professional service, foreign payments, Contracts, subcontracts, Advertising, Royalty etc. The percentage of deduction and its threshold are varies one section to the other. Correct selection of section are important to avoid unnecessary litigations.

For Discussion Call +91 9884 181816

How we can help with registration process?
Busimann.com can help your business obtain GST Certificate in 2 to 7 working days, subject to Government processing time.

OUR SERVICES

All you have to do is to make a call

Start your business

You want make your dream success; our expert is ready to help you to achieve your goal. Do you have an idea?

GST

Do you want to register your company under? Or You prepare your GST return, GST3B, GST R1, GSTR 2 etc

Income Tax filling

Do you want file your income tax return for your company. Or you want personal support to consolidate your all taxable income and file return.?

Compliance service

Complete all filling requirements in time, from ROC, FEMA, Fssai, Income tax, TDS. We can support at your door step

How we can help with registration process?
Busimann.com can incorporate a Private Limited Company in 14-20 days, subject to ROC processing time.