TDS Return Filing

Tax Deducted at Source

TDS collects tax at the time of transaction. Tax is deducted when money is credited or paid (whichever is earlier). Deductor deposits TDS to I-T department and files quarterly TDS return.

Details for TDS Return

  • • PAN of deductor and deductee
  • • Amount of tax paid to government
  • • TDS challan information

Penalties

Section 234E - Late Filing

Rs 200 per day until default continues. Total penalty cannot exceed TDS amount.

Non-Filing / Incorrect Info

If not filed within 1 year or incorrect info: penalty between Rs 10,000 and Rs 1,00,000.

TDS Refund

If TDS deducted exceeds actual tax liability, the difference is refunded after assessment.

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