TDS and TCS2018-04-02T18:09:40+05:30
Tax Deducted at Source

Tax Deducted at Source Filings
Starting at INR 499 onwards



Tax Deducted at Source

Tax Deducted at Source (TDS) is a tax mechanism introduced by Income Tax Department, where a payer responsible for the payments such as salary, commission, professional fees, interest, rent, etc. is liable to deduct a certain percentage of tax before making payment in full to the receiver of the payment. As the name suggests, TDS is a Tax that is deducted from its source. Tax Deducted at Source or TDS is a measure initiated by The Government of India in order to collect indirect Taxes, as per the Income Tax Act, 1961. TDS that comes under IRS (Indian Revenue Service) is directly managed by CBDT (The Central Board of Direct taxes).The primary motive behind collecting TDS is to keep the revenue source stable for the Government throughout the year. It also prevents the people from evading taxes. TDS is mandatory for all those who fall under the Tax Audit Bracket. Failing to comply with TDS Compliances may attract heavy penalty, interests and fees.

How long will it take?

Upload Transaction Details

One  Days

Drafting Forms

Two Days

Filing Returns

One Day

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Frequently asked Questions

TAN Mandatory

Every business deducting amount at source shall mandatorily hold TAN and shall quote the same in all related documents like TDS certificate, returns etc

Due Date of deposit

Amount deducted shall be paid to the authorized account of the central government by 7th Day of next month via Challan no 291

Due date of filing

You must file your TDS returns by 15th of July, October, January, and May; defaulting the same can attract heavy penalties.

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