TDS Return Filing Services in India – N D Savla & Associates
Are you deducting tax at source and unsure how to stay compliant with TDS regulations?
At N D Savla & Associates, we offer comprehensive TDS return filing services for businesses, professionals, and individuals across India. As a trusted CA firm in Mumbai, we ensure that your TDS returns are filed accurately, timely, and in full compliance with the Income Tax Act, 1961. Whether you’re a startup, MSME, or a large corporation, our team of TDS experts will guide you every step of the way.
What is TDS (Tax Deducted at Source)?
TDS is a system where tax is deducted at the source of income, such as salary, rent, professional fees, commission, and interest. The deductor is responsible for depositing TDS to the government and subsequently filing TDS returns every quarter.
TDS ensures timely collection of taxes by the government and reduces the burden of lump-sum payments for the taxpayer. After deducting and depositing the TDS, the deductor must file a TDS return within the prescribed TDS return filing due dates.
Who Should Deduct TDS?
The following are required to deduct and file TDS:
Companies, firms, LLPs, partnerships
Sole proprietors and individuals (if turnover exceeds audit limits)
Government departments and authorities
Trusts and educational institutions
HUFs subject to audit under Section 44AB
All TDS deductors must have a valid TAN (Tax Deduction Account Number).
TDS Return Filing Due Dates
Filing TDS returns quarterly is mandatory. Here are the key TDS quarterly return due dates:
| Quarter | Period | TDS Return Due Date |
|---|---|---|
| Q1 | April – June | 31st July |
| Q2 | July – September | 31st October |
| Q3 | October – December | 31st January |
| Q4 | January – March | 31st May |
Why Timely TDS Filing is Crucial
Failing to deposit TDS or file TDS returns within the deadline can lead to:
Interest @1%–1.5% per month for late deduction or payment
Late fee @ ₹200 per day until the return is filed
Penalty up to the amount of TDS not deposited
Payments That Attract TDS
| Section | Nature of Payment | Threshold | TDS Rate |
|---|---|---|---|
| 192 | Salary | Based on slab | As per slab |
| 194A | Interest (other than securities) | ₹40,000 (₹50,000 for seniors) | 10% |
| 194C | Contractors/Subcontractors | ₹30,000 per contract or ₹1,00,000 yearly | 1% / 2% |
| 194I | Rent | ₹2,40,000 annually | 2% / 10% |
| 194J | Professional/Technical Fees | ₹30,000 annually | 10% |
Types of TDS Return Forms
| Form | Used For |
|---|---|
| Form 24Q | TDS on Salaries |
| Form 26Q | TDS on non-salary domestic payments |
| Form 27Q | TDS on payments to non-residents |
| Form 27EQ | TCS (Tax Collected at Source) |
Revised TDS Returns
Errors in TDS returns (like incorrect PAN, challan details, etc.) can cause mismatches in Form 26AS or Form 16/16A. We assist in preparing and filing revised TDS returns using data from the TRACES portal and ensure all credits are correctly reflected.
Essential Details for Filing TDS Returns
Before filing your TDS return online, ensure you have:
TAN & PAN of deductor and deductee
TDS challan details
TDS payment records
Type of deductor (Individual, Company, etc.)
Total number of TDS transactions
Previous return records (if applicable)
TDS Return Filing Process at N D Savla & Associates
Consultation & Evaluation: Understand your TDS obligations based on your business structure.
Document Collection: We collect all required documents and challan data.
Form Selection: Choose the right TDS form based on the payment nature.
Return Preparation: Our experts prepare and validate your TDS returns using approved utilities.
Filing: We submit your TDS return electronically on the Income Tax Department portal.
Acknowledgement: Receive confirmation and keep records for future audits.
We also assist with TDS corrections, default resolution, and compliance notices.
Claiming TDS Credit as Deductee
Deductees can claim TDS credit in their income tax return using details from:
Form 16 (Salaried)
Form 16A (Non-salary)
Form 26AS or AIS
We help both deductors and deductees ensure all TDS records are accurate and aligned with your tax filings.
Why Choose N D Savla & Associates?
As one of the most reliable Chartered Accountant firms in Mumbai, N D Savla & Associates offers:
- End-to-End TDS compliance support
- Assistance with TAN registration
- On-time TDS return filing (Quarterly)
- Expert handling of defaults, interest, and penalty issues
- Filing revised TDS returns to correct errors
- Support for salary and non-salary TDS returns
- Personalized advisory for freelancers, SMEs, and corporates
Get Professional Help with TDS Return Filing
Filing TDS returns accurately and on time can save you from unnecessary interest, penalties, and compliance issues.
Let the experts at N D Savla & Associates handle your TDS filings so you can focus on growing your business.
F.A.Q.
TDS return filing is the quarterly submission of details of tax deducted at source to the Income Tax Department. It includes information about the deductor, deductees, amount paid, and tax deducted.
Any individual, company, LLP, partnership firm, trust, or employer that has deducted TDS must file TDS returns. Even if only one transaction is subject to TDS, return filing is mandatory.
TDS returns are filed quarterly:
Q1: April to June
Q2: July to September
Q3: October to December
Q4: January to March
Each quarter has a prescribed due date.
Generally:
Q1 – 31st July
Q2 – 31st October
Q3 – 31st January
Q4 – 31st May
Late filing attracts penalties and interest.
Common TDS return forms include:
Form 24Q – TDS on salary
Form 26Q – TDS on non-salary payments (resident)
Form 27Q – TDS on payments to non-residents
Form 27EQ – TCS return
The applicable form depends on the nature of payment.
Late filing can result in:
Late filing fee of ₹200 per day under Section 234E
Penalty ranging from ₹10,000 to ₹1,00,000
Notice from the Income Tax Department
Timely filing helps avoid unnecessary compliance issues.
Yes. If there is any error in PAN, amount, challan details, or deductee information, a revised TDS return can be filed to correct the mistake.
