TDS return can be filed by employers or organizations who avail a valid Tax Collection and Deduction Account Number. Your filed TDS statements should be prepared using Returns preparation utility. Kanakkupillai provides error free filing of TDS solution to file TDS returns, Income Tax Returns
Every individual whose TDS has been deducted can go for his/her TDS return filing in India. Step to file TDS return filing includes the submission of documents such as TAN (Tax Deduction and Collection Account Number), Permanent Account Number (PAN), amount deducted, TDS payment, mode of payment, etc.
TDS or Tax Deducted at Source is a type of tax deducted by any person who makes the payment if the payment is more than the prescribed threshold limit. The Income-tax Department manages and regulates the rate at which the TDS filing has to be deducted. The entity or an individual which deducts a certain amount is named as Deductor, and the person whose tax is withheld is named as Deductee. It is one of the responsibilities of the Deductor or the employee to deduct the tds return utility before making the salary or payment and it is done to deposit it to the government.
The Categories under which TDS Return is filed
The employer in a company can file for tds return form through its a valid TAN (Tax Collection and Deduction Account Number). The payment categories based on which TDS Return is submitted n case of businesses and individuals are:
Any person whose account is audited under the section 44AB
Any individual who is holding office as per the government norms.
Salary of any person
The assesses are required to file the penalty for late filing within the prescribed date. The categories under which are qualified to tds return filing online every quarter are:
Company
The Income or Insurance Commission from any other ways such as puzzles, lottery etc.
Payment or income from any National saving Scheme.
