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TDS Return Filing

  • TDS return can be filed by employers or organizations who avail a valid Tax Collection and Deduction Account Number.
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Required Documents

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TAN of the deductor

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PAN of the deductor

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Last TDS filing details, if applicable

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Incorporation date of business

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Details of payment made for specified expenses on which TDS is deducted including name of payee, PAN of payee, Address of payee, Amount paid, TDS deducted

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Copies of TDS challans

Required Documents

TAN of the deductor

PAN of the deductor

Last TDS filing details, if applicable

Incorporation date of business

Details of payment made for specified expenses on which TDS is deducted including name of payee, PAN of payee, Address of payee, Amount paid, TDS deducted

Copies of TDS challans

Frequently Asked Question

What is TAN?

TAN is abbreviated as Tax Deduction and Collection Number. It is an alphanumeric ten-digit number for filing the TDS Return. A person needs to make an application within a month of deducting TDS for allotment of Tax Deduction and collection number in FORM 49B

What are the features of TAN?

  • TAN is an alphanumeric ten-digit number for filing the TDS Return. Under the Section 203A of the Income Tax Act, 1961, the TAN number allotted by ITD has to be quoted on all TDS returns
  • The application of the TAN number can be made online on the NSDL site or physically by submitting the TAN Application form
  • Individuals who operate a sole proprietorship business are also required to obtain TAN and deduct tax at Source when required as per the applicable laws
  • Once a TAN is issued, it remains valid for a lifetime
  • If a person who is required to apply for and obtain TAN, does not do so, they shall be penalized with a fine of Rs.10, 000

What are the duties of the person deducting tax at source?

Following are the duties of the person deducting tax at source:

  • To obtain a TAN within a month of deducting tax at source and quote the same in all the documents related to TDS
  • To deduct tax at source at the prescribed rates
  • To deposit the tax so deducted to the credit of Central Government within 7 days of the end of month in which Tax is deducted
  • To file TDS return within the time limit prescribed (Refer due date table above)
  • To issue TDS certificate to the payee in respect of tax deducted by him

What is TDS Certificate?

As per Section-203 of the Income Tax Act, 1961, the deductor of TDS shall issue a form to the deductee which is called as “TDS Certificate”. TDS certificates shall be issued either in Form-16 or Form-16A. It shows the details of payment made to deductee, Date of deduction, Amount of TDS deducted and the date of its credit to the Central Government. The deductee shall be able to claim the credit and refund of TDS on the basis of TDS certificates. TDS certificates can be downloaded from TRACES (TDS Reconciliation Analysis and Correction Enabling System) of the Income Tax Department

What are the penalties prescribed for non filing or delayed filing of TDS returns?

  • Late Fees u/s 234E: If the deductor fails to file TDS return within the stipulated time, he/she shall be liable to pay  late fees of Rs. 200 per day (but not exceeding the amount of TDS)
  • Penalty u/s 271H: The assessing officer has power to direct the defaulter to pay the penalty which can be minimum Rs. 10,000 and go up to Rs. 1, 00,000. This penalty is in addition to the late fees u/s 234E

Can TDS return be revised?

Yes, TDS return can be revised for any number of times to make necessary corrections in the original TDS return filed by the deductor