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TDS Return Filing
Regarding the filing of TDS returns, Licit 360 has a team of experts. A quarterly statement known as the TDS return filing must be delivered to the income tax division. The TDS returns must be turned in on time. Filing TDS returns can be done entirely online. We are here to assist you in meeting deadlines and avoiding costly fines. Employ genuinely committed experts who will always err on the side of caution.
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About TDS Return Filing
In India, filing a TDS (Tax Deducted at Source) return is a crucial financial process. It entails declaring the tax deductions that payers make at the point of sale of different kinds of transactions. The accuracy of tax collection and remittance to the government is guaranteed by this reporting. Filing TDS returns is required by law, but it also serves as a tool for revenue production, transparency, and efficient taxation. It is essential to keeping the nation’s tax system just and effective. In terms of timely and accurate TDS return filing, Licit 360 is a trustworthy collaborator. Our staff comprises seasoned specialists who possess extensive knowledge of India’s taxation landscape, guaranteeing accurate filing of your TDS filings. By selecting Licit 360, you are working with experts who are committed to making sure you succeed financially in addition to receiving TDS return filing services. Let us take care of the complicated TDS return filing so you can focus on growing your company. Get in touch with Licit 360 right now to discover the professionalism and convenience of having a dedicated team handle your tax needs.
Kinds of forms
Form 24Q
TDS on salary is reported using this form. It includes a breakdown of the salary paid, the taxes deducted, and any other pertinent data. Our skilled staff at Licit 360 is experienced in accurately completing Form 24Q, so you can be confident that your TDS on salaries is handled with ease.
Advantages
Law Adherence
Transparency in Finance
Public Revenue
Avoiding Penalties
All-inclusive Records
Efficient Business Processes
Confidence in Compliance
Diminished Tax Obligation
Smoothness in Exchanges
Expert Standing
filing procedure
To keep you comfortable, our staff will check any inaccurate or misleading information in the documents you have supplied.
Our top specialists are available to handle your return filing requirements and handle any paperwork requirements
Our professionals will handle every aspect of the fundamental information you provided, from compiling thorough information about deductors and deducts to accurately reporting.
To file your TDS Return, the relevant professionals will continue working with your papers
You must wait to hear from our specialists regarding the progress of your filed TDS return.
FREQUENTLY ASKED QUESTIONS
The procedure of completing a TDS return involves sending an extensive statement with details on tax deductions made at the source on a range of transactions to the Income Tax Department.
TDS returns must be filed by any individual or organization that deducts TDS from payments. Employers, companies, and people who make certain payments are included in this.
Form 24Q (TDS on salaries), Form 26Q (TDS on non-salary payments), Form 27Q (TDS on payments to non-residents), and Form 27EQ (TDS on non-resident sportsmen/entertainers) are the most often used TDS return forms.
Each quarter, on June 30th, September 30th, December 31st, and March 31st, TDS returns are submitted, usually within a month after the end of the quarter.
Throughout the TDS return filing process, Licit 360's knowledgeable staff helps with precise data compilation, form preparation, timely filing, and compliance assurance.
Penalties and legal repercussions, including the disallowance of costs for which TDS was not deducted, may arise from neglecting to file TDS returns.
The tax authorities may send letters for incorrect filing, requiring corrections and explanations. Inaccurate reporting may also result in sanctions.
In the event that errors are found, TDS returns can be amended. Within a given time limit, the amended return must be filed.
Depending on the type of payment, additional documentation may be needed, such as the PANs of the deductor and the deductee, TDS challans, TDS certificates (Form 16/16A), transaction data, and more.
Currently, a valid Digital Signature Certificate (DSC) must be used to file TDS returns online using the government's approved portal.